McCormick (NYSE: MKC) CEO adds phantom stock in retirement plan award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Foley Brendan M reported acquisition or exercise transactions in this Form 4 filing.
McCormick & Co. Chairman, President & CEO Brendan M. Foley reported a compensation-related grant of 38.377 shares of Phantom Stock on March 10, 2026. Each phantom share represents the right to receive one share of McCormick Common Stock – Voting under the company’s Non-Qualified Retirement Savings Plan.
Following this grant, Foley holds 12,949.963 phantom stock shares indirectly in the plan, along with 130,056.016 Common Stock – Voting shares and 1,383.460 Common Stock – Non Voting shares directly. The filing does not show any open-market buys or sells, only this award and updated holdings.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Foley Brendan M
Role
Chairman, President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock | 38.377 | $63.39 | $2K |
| holding | Common Stock - Voting | -- | -- | -- |
| holding | Common Stock - Non Voting | -- | -- | -- |
Holdings After Transaction:
Phantom Stock — 12,949.963 shares (Indirect, Non Qualified Retirement Savings Plan);
Common Stock - Voting — 130,056.016 shares (Direct);
Common Stock - Non Voting — 1,383.46 shares (Direct)
Footnotes (1)
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FAQ
What did McCormick (MKC) CEO Brendan Foley report in this Form 4?
Brendan Foley reported a grant of 38.377 shares of Phantom Stock on March 10, 2026. These units are part of a Non-Qualified Retirement Savings Plan and track McCormick’s Common Stock – Voting, increasing his deferred, stock-linked compensation position.
What is Phantom Stock in McCormick (MKC) CEO Brendan Foley’s filing?
Phantom Stock represents a right to receive one share of McCormick Common Stock – Voting for each unit. Foley’s award is payable in actual shares under the Non-Qualified Retirement Savings Plan, aligning his deferred compensation with the company’s share performance over time.
How many Phantom Stock units does McCormick (MKC) CEO Brendan Foley now hold?
After the March 10, 2026 grant, Brendan Foley holds 12,949.963 Phantom Stock shares indirectly. These units are credited within McCormick’s Non-Qualified Retirement Savings Plan and are designed to be settled in Common Stock – Voting according to the plan’s terms.
Is the McCormick (MKC) CEO’s Phantom Stock grant part of a retirement plan?
Yes. The filing states the Phantom Stock is held in a Non-Qualified Retirement Savings Plan. Each phantom share is payable in one share of McCormick Common Stock – Voting under that plan’s terms, linking retirement benefits to the company’s equity value.