McCormick (MKC) Americas president reports RSU conversion and tax-share withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
McCormick & Co. executive Andrew Foust, President, Americas, reported equity-related transactions tied to previously granted awards. On February 15, 2026, 2,900 Restricted Stock Units were exercised and converted into an equal number of shares of voting common stock, with no purchase price required. To satisfy tax obligations on incentive plan shares, he disposed of 2,040 and 965 voting common shares at $71.61 per share through tax-withholding transactions, rather than open-market sales. Following these transactions, he directly holds 12,927.51 voting common shares and 334.44 non-voting common sharesFebruary 7, 2025 and vest in thirds over three years beginning February 15, 2026, February 15, 2027, and February 15, 2028.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,900 shares exercised/converted
Mixed
5 txns
Insider
Foust Andrew
Role
President, Americas
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 2,900 | $0.00 | -- |
| Tax Withholding | Common Stock - Voting | 2,040 | $71.61 | $146K |
| Exercise | Common Stock - Voting | 2,900 | $0.00 | -- |
| Tax Withholding | Common Stock - Voting | 965 | $71.61 | $69K |
| holding | Common Stock - Non Voting | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 5,800 shares (Direct);
Common Stock - Voting — 10,992.51 shares (Direct);
Common Stock - Non Voting — 334.44 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) executive Andrew Foust report?
Andrew Foust reported conversion of 2,900 Restricted Stock Units into voting common shares and tax-withholding dispositions of 2,040 and 965 voting shares at $71.61, all related to McCormick long-term incentive awards and associated tax obligations.
What are the details of the Restricted Stock Units in the McCormick (MKC) Form 4?
The Restricted Stock Units were granted on February 7, 2025, require no purchase price, and vest in three equal installments on February 15, 2026, February 15, 2027, and February 15, 2028, supporting a multi-year equity compensation structure for the executive.
What transaction codes appear in Andrew Foust’s McCormick (MKC) Form 4 and what do they mean?
The Form 4 uses code M for exercise or conversion of derivative securities, representing RSU conversion into common shares, and code F for tax-withholding dispositions, indicating shares delivered to cover exercise price or tax obligations rather than voluntary sales.