McCormick (NYSE: MKC) VP reports RSU vesting and tax share withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
McCormick & Co. vice president and controller Gregory Repas reported routine equity compensation activity involving restricted stock units and related tax withholding. On February 15, 2026, 557 restricted stock units were converted into an equal number of shares of common stock with no purchase price required.
To cover tax obligations on equity awards under McCormick's Long-Term Incentive Plan, 705 and 171 common shares were withheld at $71.61 per share, described as payment of tax liability by delivering securities. The restricted stock units were granted on February 7, 2025 and vest in thirds on February 15, 2026, February 15, 2027, and February 15, 2028.
Positive
- None.
Negative
- None.
Insider Trade Summary
557 shares exercised/converted
Mixed
4 txns
Insider
Repas Gregory
Role
V.P. & Controller
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 557 | $0.00 | -- |
| Tax Withholding | Common Stock - Voting | 705 | $71.61 | $50K |
| Exercise | Common Stock - Voting | 557 | $0.00 | -- |
| Tax Withholding | Common Stock - Voting | 171 | $71.61 | $12K |
Holdings After Transaction:
Restricted Stock Units — 1,116 shares (Direct);
Common Stock - Voting — 1,561 shares (Direct)
Footnotes (1)
- Shares withheld for taxes on the shares previously reported on 1/21/2026 for McCormick's Long-Term Incentive Plan. Restricted Stock Units; No purchase price required. The Restricted Stock Units vest in thirds over a three-year period beginning February 15, 2026, February 15, 2027 and February 15, 2028. The Restricted Stock Units granted on February 7, 2025.
FAQ
What insider transactions did McCormick (MKC) report for Gregory Repas?
Gregory Repas reported conversion of 557 restricted stock units into common shares and share withholdings to cover taxes. The transactions are tied to McCormick's Long-Term Incentive Plan and reflect routine equity compensation events rather than open-market buying or selling activity.
What restricted stock unit award is disclosed for McCormick (MKC) executive Gregory Repas?
The filing shows restricted stock units granted on February 7, 2025, with no purchase price required. They vest in three equal installments on February 15, 2026, February 15, 2027, and February 15, 2028, aligning with McCormick's standard long-term incentive practices.