McCormick director exercises 2,222 RSUs into shares
Rhea-AI Filing Summary
McCormick & Co. director Margaret M. V. Preston reported exercising 2,222 Restricted Stock Units on February 15, 2026, converting them into 2,222 shares of Common Stock - Voting at $0.00 per share, reflecting equity compensation rather than an open-market purchase.
Following this derivative conversion, her directly held Common Stock - Voting position increased to 84,364.195 shares, and her directly held Common Stock - Non Voting holdings stood at 6,235.263 shares. The filing also shows her phantom stock balance under the Non Qualified Retirement Savings Plan at 0 shares, with phantom units payable in voting common shares under plan terms.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 2,222 | $0.00 | $0.00 |
| Exercise | Common Stock - Voting | 2,222 | $0.00 | $0.00 |
| holding | Phantom Stock | -- | -- | -- |
| holding | Common Stock - Non Voting | -- | -- | -- |
Footnotes (5)
- F1. Subject to deferred receipt.
- F2. Restricted Stock Units; No purchase price required.
- F3. 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.
- F4. The reported Restricted Stock Units entitles the Reporting Person to receive an annual distribution of common stock equal to 100% of the grant.
- F5. The Restricted Stock Units granted on February 7, 2025.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Margaret M. V. Preston report at McCormick (MKC)?
What happened to Margaret Preston’s McCormick (MKC) phantom stock in this report?
What does the Form 4 reveal about McCormick (MKC) Restricted Stock Units granted to Preston?
Is Preston’s McCormick (MKC) transaction a buy or sell in the market?
AI-generated analysis. How Rhea-AI works. Not financial advice.