Director converts 2,222 RSUs to McCormick (NYSE: MKC) stock
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
McCormick & Co. director Valarie L. Sheppard exercised Restricted Stock Units into common stock through a derivative conversion. She received 2,222 shares of voting common stock at a price of $0.00 per share, and now directly holds 2,570.47 shares after the transaction.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,222 shares exercised/converted
Mixed
2 txns
Insider
Sheppard Valarie L
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 2,222 | $0.00 | -- |
| Exercise | Common Stock - Voting | 2,222 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common Stock - Voting — 2,570.47 shares (Direct)
Footnotes (1)
- Restricted Stock Units; No purchase price required. The reported Restricted Stock Units entitles the Reporting Person to receive an annual distribution of common stock equal to 100% of the grant. The Restricted Stock Units granted on February 7, 2025.
FAQ
What insider transaction did McCormick (MKC) director Valarie Sheppard report?
Valarie L. Sheppard reported exercising Restricted Stock Units into McCormick common stock. The transaction was a derivative exercise, converting RSUs into voting common shares rather than an open-market purchase or sale, reflecting the settlement of an equity award previously granted to her.
What type of security did Valarie Sheppard convert into McCormick (MKC) common stock?
Sheppard converted Restricted Stock Units into McCormick common stock through a derivative exercise transaction. The filing notes these RSUs entitled her to receive an annual distribution of common stock equal to 100% of the grant, which was originally granted on February 7, 2025.