McCormick exec logs RSU conversion, tax share withholding
McCormick & Co. executive Andrew Foust, President, Americas, reported equity-related transactions tied to previously granted awards.
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
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 2,900 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock - Voting | 2,040 | $71.61 | $146K |
| Exercise | Common Stock - Voting | 2,900 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock - Voting | 965 | $71.61 | $69K |
| holding | Common Stock - Non Voting | -- | -- | -- |
Footnotes (4)
- F1. Shares withheld for taxes on the shares previously reported on 1/21/2026 for McCormick's Long-Term Incentive Plan.
- F2. Restricted Stock Units; No purchase price required.
- F3. The Restricted Stock Units vest in thirds over a three-year period beginning February 15, 2026, February 15, 2027 and February 15, 2028.
- F4. The Restricted Stock Units granted on February 7, 2025.
FAQ
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What insider transactions did McCormick (MKC) executive Andrew Foust report?
What are the details of the Restricted Stock Units in the McCormick (MKC) Form 4?
What transaction codes appear in Andrew Foust’s McCormick (MKC) Form 4 and what do they mean?
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