McCormick (MKC) director converts 2,222 RSUs into voting common stock
Filing Impact
Filing Sentiment
Form Type
4
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
2,222 shares exercised/converted
Mixed
4 txns
Insider
PRESTON MARGARET M V
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 2,222 | $0.00 | -- |
| Exercise | Common Stock - Voting | 2,222 | $0.00 | -- |
| holding | Phantom Stock | -- | -- | -- |
| holding | Common Stock - Non Voting | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common Stock - Voting — 84,364.195 shares (Direct);
Phantom Stock — 0 shares (Indirect, Non Qualified Retirement Savings Plan);
Common Stock - Non Voting — 6,235.263 shares (Direct)
Footnotes (1)
- Subject to deferred receipt. Restricted Stock Units; No purchase price required. 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. The reported Restricted Stock Units entitles the Reporting Person to receive an annual distribution of common stock equal to 100% of the grant. The Restricted Stock Units granted on February 7, 2025.
FAQ
What insider transaction did Margaret M. V. Preston report at McCormick (MKC)?
Margaret M. V. Preston reported exercising 2,222 Restricted Stock Units into 2,222 shares of Common Stock - Voting on February 15, 2026. The transaction reflects equity compensation, with no cash purchase price, rather than an open-market stock purchase or sale.
What happened to Margaret Preston’s McCormick (MKC) phantom stock in this report?
The filing indicates a phantom stock balance of 0 shares following the reported date. Each phantom stock unit represents a right to receive one voting common share, payable under the terms of McCormick’s Non Qualified Retirement Savings Plan.
What does the Form 4 reveal about McCormick (MKC) Restricted Stock Units granted to Preston?
The notes state Preston’s Restricted Stock Units require no purchase price and entitle her to an annual distribution of common stock equal to 100% of the grant. One footnote highlights a grant made on February 7, 2025 as part of this equity program.
Is Preston’s McCormick (MKC) transaction a buy or sell in the market?
The transaction is classified as an exercise or conversion of a derivative security, not a market buy or sell. Restricted Stock Units were converted into 2,222 voting common shares at zero cost, consistent with non-cash equity compensation rather than trading activity.