McCormick (MKC) CHRO receives Phantom Stock award and holds 9,037.94 shares
Rhea-AI Filing Summary
Piper Sarah reported acquisition or exercise transactions in this Form 4 filing.
McCormick & Co Inc reported that Chief Human Relations Officer Sarah Piper received an award of 47.779 shares of Phantom Stock on August 10, 2026. Each phantom share represents the right to receive one share of Common Stock - Voting under the company’s Non-Qualified Retirement Savings Plan and is payable in shares of Common Stock - Voting according to that plan’s terms.
After this award, Piper indirectly holds 4,848.986 Phantom Stock units through the retirement plan and directly holds 9,037.94 shares of Common Stock - Voting.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Piper Sarah
Role
Chief Human Relations Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock F1 | 47.779 | $53.13 | $3K |
| holding | Common Stock - Voting | -- | -- | -- |
Holdings After Transaction:
Phantom Stock — 4,848.986 shares (Indirect, Non Qualified Retirement Savings Plan);
Common Stock - Voting — 9,037.94 shares (Direct)
Footnotes (1)
- F1. Each share of phantom stock represents the right to receive one share of Common Stock - Voting. Shares of Phantom Stock are payable in shares of Common Stock - Voting in accordance with the terms of the Non-Qualified Retirement Savings Plan.
Key Figures
Phantom Stock granted: 47.779 shares
Grant valuation price: $53.1300 per unit
Total Phantom Stock after grant: 4,848.986 units
+1 more
4 metrics
Phantom Stock granted
47.779 shares
Grant of Phantom Stock on August 10, 2026
Grant valuation price
$53.1300 per unit
Reported transaction price per Phantom Stock unit
Total Phantom Stock after grant
4,848.986 units
Indirect holdings in Non Qualified Retirement Savings Plan after transaction
Direct common shares held
9,037.94 shares
Direct holdings of Common Stock - Voting after reported event
Key Terms
Phantom Stock, Non Qualified Retirement Savings Plan, Common Stock - Voting
3 terms
Phantom Stock financial
"Each share of phantom stock represents the right to receive one share"
A phantom stock is a form of compensation that gives employees or executives the benefits of stock ownership, such as the increase in stock value, without actually giving them real shares. It acts like a promise to pay the employee the equivalent value of company stock later, often as a bonus or incentive. This allows companies to motivate and reward staff without diluting ownership or transferring actual shares.
Non Qualified Retirement Savings Plan financial
"in accordance with the terms of the Non-Qualified Retirement Savings Plan"
Common Stock - Voting financial
"payable in shares of Common Stock - Voting in accordance with the terms"
FAQ
What did McCormick (MKC) insider Sarah Piper report in this Form 4?
Sarah Piper reported a grant of 47.779 Phantom Stock shares on August 10, 2026. These units are part of McCormick’s Non-Qualified Retirement Savings Plan and are payable in shares of Common Stock - Voting.
How many Phantom Stock units does Sarah Piper hold at McCormick (MKC) after the transaction?
Following the August 10, 2026 award, Sarah Piper holds 4,848.986 Phantom Stock units indirectly. These units are linked to McCormick Common Stock - Voting under the Non-Qualified Retirement Savings Plan.
What does Phantom Stock mean in McCormick (MKC)’s Non-Qualified Retirement Savings Plan?
Each McCormick Phantom Stock unit represents the right to receive one share of Common Stock - Voting. Payment occurs in shares of Common Stock - Voting in line with the Non-Qualified Retirement Savings Plan terms.
Was the McCormick (MKC) Form 4 transaction by Sarah Piper a market purchase or sale?
The Form 4 reports a grant/award acquisition of 47.779 Phantom Stock units, not a market purchase or sale. It reflects compensation under the Non-Qualified Retirement Savings Plan, rather than open-market trading.
AI-generated analysis. How Rhea-AI works. Not financial advice.
