McCormick CEO awarded phantom stock units
MCCORMICK & CO INC Chairman, President & CEO Brendan M. Foley reported routine equity-related updates.
Rhea-AI Filing Summary
MCCORMICK & CO INC Chairman, President & CEO Brendan M. Foley reported routine equity-related updates. He received a grant of 53.121 shares of phantom stock on Common Stock - Voting at a reference price of $47.19 per share under a Non Qualified Retirement Savings Plan. After this award, his indirect phantom stock balance in that plan is 14,123.480 units, each representing the right to receive one share of Common Stock - Voting in accordance with the plan terms.
Separately, as of April 27, 2026, Foley reported direct holdings of 130,344.016 shares of Common Stock - Voting and 1,399.460 shares of Common Stock - Non Voting. The non-voting position reflects an 11-share transaction classified as an “other acquisition or disposition,” which is often administrative in nature rather than an open-market trade.
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 | 53.121 | $47.19 | $3K |
| Other | Common Stock - Non Voting | 11 | $51.405 | $565.46 |
| holding | Common Stock - Voting | -- | -- | -- |
Holdings After Transaction:
Phantom Stock — 14,123.48 contracts (Indirect, Non Qualified Retirement Savings Plan);
Common Stock - Non Voting — 1,399.46 shares (Direct);
Common Stock - Voting — 130,344.016 shares (Direct)
Footnotes (2)
- F1. Dividend Reinvestment
- F2. 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: 53.121 units
Reference price per phantom unit: $47.19 per share
Total phantom units after grant: 14,123.480 units
+3 more
6 metrics
Phantom stock grant
53.121 units
Grant on June 16, 2026 under Non Qualified Retirement Savings Plan
Reference price per phantom unit
$47.19 per share
Phantom stock linked to Common Stock - Voting
Total phantom units after grant
14,123.480 units
Indirect holdings in Non Qualified Retirement Savings Plan
Direct Common Stock - Voting
130,344.016 shares
Direct holdings as of April 27, 2026
Direct Common Stock - Non Voting
1,399.460 shares
After 11-share other acquisition or disposition on April 27, 2026
Non-voting restructuring transaction
11.000 shares
Code J other acquisition or disposition on April 27, 2026
Key Terms
Phantom Stock, Non Qualified Retirement Savings Plan, Common Stock - Voting, Common Stock - Non Voting, +1 more
5 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"
Dividend Reinvestment financial
"Dividend Reinvestment"
Dividend reinvestment is when the money earned from a company's profit sharing, called dividends, is automatically used to buy more shares of that company instead of being received as cash. This process helps investors grow their holdings over time without extra effort, much like using earned interest to buy more of a savings account. It encourages long-term investment growth by continuously increasing the amount of shares owned.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did McCormick (MKC) CEO Brendan M. Foley report in this Form 4?
Brendan M. Foley reported a grant of 53.121 phantom stock units tied to McCormick Common Stock - Voting under a Non Qualified Retirement Savings Plan, plus updated direct holdings in voting and non-voting common shares as of April 27, 2026.
How many phantom stock units does the McCormick (MKC) CEO hold after this filing?
After this grant, Brendan M. Foley holds 14,123.480 phantom stock units. Each unit represents the right to receive one share of McCormick Common Stock - Voting, payable according to the Non Qualified Retirement Savings Plan terms.
What common stock holdings does the McCormick (MKC) CEO report?
Brendan M. Foley reports 130,344.016 shares of Common Stock - Voting and 1,399.460 shares of Common Stock - Non Voting held directly as of April 27, 2026, reflecting both existing ownership and a small 11-share administrative transaction.
Is the McCormick (MKC) CEO’s phantom stock grant an open-market purchase?
No, the 53.121 phantom stock units were received as a grant under a Non Qualified Retirement Savings Plan, not bought in the open market. The award is classified as a grant or other acquisition rather than a discretionary share purchase.
What does phantom stock mean in the McCormick (MKC) CEO’s filing?
In this filing, each phantom stock unit represents the right to receive one share of McCormick Common Stock - Voting. These units are payable in common shares in line with the Non Qualified Retirement Savings Plan’s terms, rather than being standard traded shares now.
AI-generated analysis. How Rhea-AI works. Not financial advice.
