Director at McCormick (MKC) converts 2,222 RSUs into voting common stock
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
McCormick & Co. director Michael D. Mangan exercised 2,222 restricted stock units into voting common shares at no purchase price. The derivative transaction converted Restricted Stock Units into an equal number of Common Stock – Voting shares, reflecting an exercise or conversion of a derivative security.
Following the transaction on February 15, 2026, Mangan held 45,251 shares of Common Stock – Voting and 4,234 shares of Common Stock – Non Voting in direct ownership. The footnotes state that the restricted stock units required no purchase price and were granted on February 7, 2025, entitling him to receive an annual distribution of common stock equal to 100% of the grant.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,222 shares exercised/converted
Mixed
3 txns
Insider
MANGAN MICHAEL D
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 2,222 | $0.00 | -- |
| Exercise | Common Stock - Voting | 2,222 | $0.00 | -- |
| holding | Common Stock - Non Voting | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common Stock - Voting — 45,251 shares (Direct);
Common Stock - Non Voting — 4,234 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 did Michael D. Mangan report in this Form 4 for MKC?
Michael D. Mangan reported exercising 2,222 restricted stock units into McCormick & Co. voting common shares. This derivative conversion required no purchase price and increased his directly held Common Stock – Voting position as of February 15, 2026.
What are the terms of Mangan’s restricted stock units in this MKC filing?
The restricted stock units required no purchase price and were granted on February 7, 2025. They entitle Michael D. Mangan to receive an annual distribution of McCormick common stock equal to 100% of the original grant amount.
Does this McCormick (MKC) Form 4 show a market purchase or sale?
This Form 4 does not show a market purchase or sale. It reports an exercise or conversion of restricted stock units into 2,222 McCormick voting shares, a derivative conversion transaction rather than an open-market buy or sell.