McCormick director exercises 2,222 restricted stock units
McCormick & Co. director Michael D. Mangan exercised 2,222 restricted stock units into voting common shares at no purchase price.
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
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 2,222 | $0.00 | $0.00 |
| Exercise | Common Stock - Voting | 2,222 | $0.00 | $0.00 |
| holding | Common Stock - Non Voting | -- | -- | -- |
Footnotes (3)
- F1. Restricted Stock Units; No purchase price required.
- F2. The reported Restricted Stock Units entitles the Reporting Person to receive an annual distribution of common stock equal to 100% of the grant.
- F3. The Restricted Stock Units granted on February 7, 2025.
FAQ
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What did Michael D. Mangan report in this Form 4 for MKC?
What are the terms of Mangan’s restricted stock units in this MKC filing?
Does this McCormick (MKC) Form 4 show a market purchase or sale?
AI-generated analysis. How Rhea-AI works. Not financial advice.