McCormick (NYSE: MKC) VP Repas exercises 554 RSUs with 170 shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
McCormick & Co. vice president and controller Gregory Repas exercised restricted stock units and received additional common shares as part of his compensation. On March 15, 2026, he converted 554 Restricted Stock Units into 554 shares of Common Stock – Voting at a conversion price of $0.0000 per share, reflecting vesting of prior equity awards.
To cover tax obligations, 170 common shares were disposed of at $58.48 per share through tax-withholding transactions, which are not open-market sales. After these exercises and withholdings, he directly owned 4,436 shares of McCormick common stock. Overall, this filing reflects routine equity award vesting and related tax withholding rather than discretionary market buying or selling.
Positive
- None.
Negative
- None.
Insider Trade Summary
554 shares exercised/converted
Mixed
6 txns
Insider
Repas Gregory
Role
V.P. & Controller
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 268 | $0.00 | -- |
| Exercise | Restricted Stock Units | 286 | $0.00 | -- |
| Exercise | Common Stock - Voting | 268 | $0.00 | -- |
| Tax Withholding | Common Stock - Voting | 82 | $58.48 | $5K |
| Exercise | Common Stock - Voting | 286 | $0.00 | -- |
| Tax Withholding | Common Stock - Voting | 88 | $58.48 | $5K |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common Stock - Voting — 4,320 shares (Direct)
Footnotes (1)
- Restricted Stock Units; No purchase price required. The Restricted Stock Units vest in thirds over a three-year period beginning March 15, 2024, March 15, 2025 and March 15, 2026. The Restricted Stock Units granted on March 29, 2023. The Restricted Stock Units vest in thirds over a three-year period beginning March 15, 2025, March 15, 2026 and March 15, 2027. The Restricted Stock Units granted on March 27, 2024.
FAQ
What insider transactions did McCormick (MKC) executive Gregory Repas report?
Gregory Repas reported exercising 554 Restricted Stock Units into Common Stock – Voting and related tax-withholding share dispositions. These transactions reflect vesting of prior equity awards rather than open-market purchases or sales, and were all dated March 15, 2026.
How many McCormick (MKC) RSUs did Gregory Repas exercise in this Form 4?
Gregory Repas exercised a total of 554 Restricted Stock Units into common shares. This came from two grants, converting 268 units and 286 units, each at a conversion price of $0.0000 per share, as part of his equity compensation program.
Were any of Gregory Repas’s McCormick (MKC) transactions open-market sales?
No, the reported dispositions were tax-withholding transactions, not open-market sales. A total of 170 common shares were delivered at $58.48 per share to satisfy tax obligations tied to the RSU vesting and exercises, which is a routine compensation-related mechanism.
What do the tax-withholding entries mean in Gregory Repas’s McCormick (MKC) Form 4?
The tax-withholding entries show 82 and 88 shares of common stock delivered at $58.48 per share to pay tax liabilities from RSU vesting. These F-code transactions are administrative and do not represent discretionary selling into the market by the executive.
How are Gregory Repas’s McCormick (MKC) Restricted Stock Units structured?
The footnotes state that Restricted Stock Units vest in thirds over three-year periods beginning on specific March 15 dates, with grants made on March 29, 2023 and March 27, 2024. No purchase price is required for these RSUs, making them a form of stock-based compensation.