McCormick (MKC) VP, General Counsel exercises 10,000 options and disposes 8,720 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
McCormick & Co. executive Jeffery D. Schwartz reported an option exercise and related stock transactions. On February 3, 2026, he exercised options for 10,000 shares of voting common stock at an exercise price of $49.96 per share, with the filing noting that no purchase price was required for the option exercise. In a separate transaction coded "F" on the same date, he disposed of 8,720 shares of voting common stock at $63.11 per share. After these transactions, he directly beneficially owned 91,308 shares of voting common stock and 246 shares of non-voting common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
10,000 shares exercised/converted
Mixed
4 txns
Insider
Schwartz Jeffery D
Role
Vice President, Gen Counsel
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Options - Right to Buy | 10,000 | $0.00 | -- |
| Exercise | Common Stock - Voting | 10,000 | $49.96 | $500K |
| Tax Withholding | Common Stock - Voting | 8,720 | $63.11 | $550K |
| holding | Common Stock - Non Voting | -- | -- | -- |
Holdings After Transaction:
Options - Right to Buy — 0 shares (Direct);
Common Stock - Voting — 100,028 shares (Direct);
Common Stock - Non Voting — 246 shares (Direct)
Footnotes (1)
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FAQ
What insider transactions did McCormick (MKC) report for Jeffery D. Schwartz?
McCormick reported that Vice President and General Counsel Jeffery D. Schwartz exercised options for 10,000 voting shares at $49.96 and disposed of 8,720 voting shares at $63.11 on February 3, 2026, according to a Form 4 filing.
How many McCormick (MKC) options did Jeffery D. Schwartz exercise on February 3, 2026?
He exercised options on 10,000 shares of McCormick voting common stock at an exercise price of $49.96 per share. The filing notes the option was exercised with no purchase price required, and the options covered voting common stock underlying a right to buy.
What does the transaction coded "F" mean in the McCormick (MKC) Form 4 for Jeffery D. Schwartz?
The Form 4 shows a transaction code "F" for 8,720 voting shares of McCormick common stock at $63.11 per share on February 3, 2026. The shares were reported as disposed of, reducing his directly held voting shares to 91,308 afterward.
What derivative security did Jeffery D. Schwartz hold in McCormick (MKC) before this Form 4?
He held an option described as "Options - Right to Buy" with an exercise price of $49.96, exercisable from March 30, 2017 and expiring on March 29, 2026. It covered 10,000 voting common shares and showed zero options remaining after exercise.
What is Jeffery D. Schwartz’s role at McCormick (MKC) according to the Form 4?
The Form 4 identifies Jeffery D. Schwartz as an officer of McCormick serving as Vice President, General Counsel. He is not listed as a director or 10% owner, and the filing indicates the transactions and holdings are reported as directly owned.