McCormick CEO awarded phantom stock units
MCCORMICK & CO INC Chairman, President & CEO Brendan M. Foley received a compensation-related award of phantom stock tied to company shares.
Rhea-AI Filing Summary
MCCORMICK & CO INC Chairman, President & CEO Brendan M. Foley received a compensation-related award of phantom stock tied to company shares. On this date, he acquired 47.681 phantom stock units at a reference price of $51.02 per unit under a Non Qualified Retirement Savings Plan.
Each phantom stock unit represents the right to receive one share of McCormick voting common stock in accordance with the plan’s terms. After this grant, Foley holds 13,731.663 phantom stock units indirectly through the retirement plan, plus 130,056.016 voting common shares and 1,383.460 non-voting common shares directly. This reflects routine executive compensation rather than an open-market trade.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 47.681 shares
Grant/Award
3 txns
Insider
Foley Brendan M
Role
Chairman, President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock | 47.681 | $51.02 | $2K |
| holding | Common Stock - Voting | -- | -- | -- |
| holding | Common Stock - Non Voting | -- | -- | -- |
Holdings After Transaction:
Phantom Stock — 13,731.663 contracts (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)
- 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 grant: 47.681 units
Phantom stock reference price: $51.02 per unit
Phantom stock holdings after grant: 13,731.663 units
+3 more
6 metrics
Phantom stock grant
47.681 units
Grant under Non Qualified Retirement Savings Plan on 2026-04-07
Phantom stock reference price
$51.02 per unit
Value used for the 47.681-unit grant
Phantom stock holdings after grant
13,731.663 units
Indirect holdings in Non Qualified Retirement Savings Plan
Direct voting common shares
130,056.016 shares
CEO’s direct holdings of Common Stock - Voting
Direct non-voting common shares
1,383.460 shares
CEO’s direct holdings of Common Stock - Non Voting
Underlying shares per phantom unit
1 share per unit
Each phantom stock unit equals one share of voting common stock
Key Terms
Phantom Stock, Non Qualified Retirement Savings Plan, Common Stock - Voting, Common Stock - Non Voting
4 terms
Phantom Stock financial
"Each share of phantom stock represents the right to receive one share of Common Stock - Voting."
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
"Shares of Phantom Stock are payable in shares of Common Stock - Voting in accordance with the terms of the Non-Qualified Retirement Savings Plan."
Common Stock - Voting financial
"Each share of phantom stock represents the right to receive one share of Common Stock - Voting."
Common Stock - Non Voting financial
"Common Stock - Non Voting"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did McCormick (MKC) CEO Brendan Foley report in this Form 4?
Brendan Foley reported a grant of 47.681 phantom stock units under a Non Qualified Retirement Savings Plan. These units are compensation-based and mirror McCormick common stock value, rather than representing an open-market share purchase or sale.
How much phantom stock did the McCormick (MKC) CEO hold after this transaction?
After the grant, Brendan Foley held 13,731.663 phantom stock units in the Non Qualified Retirement Savings Plan. Each unit tracks one share of McCormick voting common stock, payable in shares according to the plan’s distribution rules.
At what price were Brendan Foley’s McCormick (MKC) phantom stock units credited?
The 47.681 phantom stock units were credited at a reference price of $51.02 per unit. This price is used for accounting the grant’s value and reflects the underlying McCormick voting common stock on the grant date.
Does this McCormick (MKC) Form 4 show an open-market stock trade by the CEO?
No. The Form 4 shows a grant of phantom stock units as compensation, not an open-market buy or sell. The transaction is coded as an acquisition from a grant or award, typical for executive benefit and retirement programs.
AI-generated analysis. How Rhea-AI works. Not financial advice.
