MKC insider converts 50,000 options to shares, retains 246,762 holdings

Rhea-AI Filing Summary

Insider transactions by Lawrence Erik Kurzius at McCormick & Company (MKC): the reporting person exercised $0 purchase-price options for 50,000 shares on 10/08/2025 and simultaneously sold those 50,000 shares at $65.86 per share, following an option exercise reported at an exercise price of $65.86 for options that vest/expire between 03/30/2017 and 03/30/2026. After these transactions the reporter beneficially owned 246,762 shares directly.

The form also lists multiple indirect holdings through various GRATs totaling 38, minable shares (6,574; 6,574; 5,903; 5,903; 14,060) that reflect family/trust arrangements. The filing is a single-person Form 4, submitted via attorney-in-fact on 10/10/2025.

Positive

• Maintained substantial direct ownership of 246,762 shares after the transactions
• Exercise and sale executed, converting options to liquid capital at $65.86 per share

Negative

• Large immediate sale of 50,000 shares reduces insider-held free float and could be viewed as partial de-risking

Insights

Corporate Governance Analyst

Officer exercised and sold 50,000 shares; ownership remains material.

The reporting person exercised options and sold 50,000 shares on 10/08/2025

The net direct holding after the transactions is 246,762 shares, indicating continued meaningful ownership that aligns insider incentives with shareholders; monitor future scheduled option expirations through 03/30/2026 for additional activity.

Securities Transaction Specialist

Transactions appear to be option exercise plus immediate sale at market.

The form shows an option exercise with no required purchase price and a contemporaneous sale at $65.86 per share, consistent with a cashless or same-day sell-to-cover execution. The options referenced have an original grant/exercise timeline (exercisable 03/30/2017, expiring 03/30/2026), which explains the exercise timing.

Watch for additional Form 4s near option expiration dates and any scheduled trading plans; the filing was executed by an attorney-in-fact on 10/10/2025.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Kurzius Lawrence Erik

(Last) (First) (Middle)

MCCORMICK & COMPANY, INCORPORATED

24 SCHILLING ROAD, SUITE1

(Street)

HUNT VALLEY MD 21031

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
MCCORMICK & CO INC [ MKC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
10/08/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock - Voting	10/08/2025		M		50,000	A	$49.96	296,762	D
Common Stock - Voting	10/08/2025		S		50,000	D	$65.86	246,762	D
Common Stock - Voting								6,574	I	By 2023 GRAT G
Common Stock - Voting								6,574	I	By 2023 GRAT H
Common Stock - Voting								5,903	I	By 2024 GRAT I
Common Stock - Voting								5,903	I	By 2024 GRAT J
Common Stock - Voting								14,060	I	BY 2025 GRAT K

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Options - Right to Buy	$65.86	10/08/2025		M			50,000	03/30/2017	03/30/2026	Common Stock - Voting	50,000	$0(1)	50,000	D

Explanation of Responses:

1. Options Exercised; No Purchase Price Required.

	Jason E. Wynn, Attorney-in-fact	10/10/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did MKC insider Lawrence Kurzius do on 10/08/2025?

He exercised 50,000 options and sold 50,000 shares at $65.86 per share on 10/08/2025.

How many MKC shares does the reporting person own after the transaction?

The reporting person beneficially owns 246,762 shares directly following the reported transactions.

Were derivative securities involved in the MKC Form 4?

Yes. The filing notes options with an exercise price of $65.86, 50,000 options exercised with original terms referencing 03/30/2017 to 03/30/2026.

Did the filing show indirect holdings for MKC (MKC)?

Yes. Indirect holdings are listed through several GRATs totaling 38, notional shares broken down as 6,574, 6,574, 5,903, 5,903, and 14,060 shares.

Who signed or filed the Form 4 for MKC?

An attorney-in-fact, Jason E. Wynn, signed the form on 10/10/2025 on behalf of the reporting person.