McCormick & Co (NYSE: MKC) grants CHRO 49.8 phantom stock units
Rhea-AI Filing Summary
Piper Sarah reported acquisition or exercise transactions in this Form 4 filing.
MCCORMICK & CO INC reported that Chief Human Relations Officer Sarah Piper received a grant of 49.813 Phantom Stock units on July 30, 2026 under the company’s Non-Qualified Retirement Savings Plan, at a reference value of $50.96 per unit. Following this award, she indirectly holds 4,801.207 Phantom Stock units through the plan, each representing the right to receive one share of Common Stock - Voting in the future. A separate holding entry shows she directly owns 9,037.94 shares of Common Stock - Voting after the reported transactions.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Piper Sarah
Role
Chief Human Relations Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock F1 | 49.813 | $50.96 | $3K |
| holding | Common Stock - Voting | -- | -- | -- |
Holdings After Transaction:
Phantom Stock — 4,801.207 shares (Indirect, Non Qualified Retirement Savings Plan);
Common Stock - Voting — 9,037.94 shares (Direct)
Footnotes (1)
- F1. 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.
Key Figures
Phantom Stock grant: 49.813 units
Reference value per Phantom Stock unit: $50.9600 per unit
Phantom Stock units after grant: 4,801.207 units
+1 more
4 metrics
Phantom Stock grant
49.813 units
Derivative award on 2026-07-30 to Sarah Piper
Reference value per Phantom Stock unit
$50.9600 per unit
Grant value for Phantom Stock on 2026-07-30
Phantom Stock units after grant
4,801.207 units
Indirect holdings in Non-Qualified Retirement Savings Plan
Direct Common Stock - Voting holdings
9,037.9400 shares
Directly owned shares after reported transactions
Key Terms
Phantom Stock, Non-Qualified Retirement Savings Plan, Common Stock - Voting
3 terms
Phantom Stock financial
"Each share of phantom stock represents the right to receive one share"
A phantom stock is a form of compensation that gives employees or executives the benefits of stock ownership, such as the increase in stock value, without actually giving them real shares. It acts like a promise to pay the employee the equivalent value of company stock later, often as a bonus or incentive. This allows companies to motivate and reward staff without diluting ownership or transferring actual shares.
Non-Qualified Retirement Savings Plan financial
"payable in shares of Common Stock - Voting in accordance with the terms of the Non-Qualified Retirement Savings Plan"
Common Stock - Voting financial
"Each share of phantom stock represents the right to receive one share of Common Stock - Voting"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did MKC executive Sarah Piper report?
Sarah Piper reported a grant of 49.813 Phantom Stock units on July 30, 2026, under McCormick’s Non-Qualified Retirement Savings Plan. The grant is recorded at a reference value of $50.96 per unit and is classified as a derivative award acquisition.
How many Phantom Stock units does Sarah Piper now hold at MKC?
After the reported grant, Sarah Piper holds 4,801.207 Phantom Stock units indirectly through McCormick’s Non-Qualified Retirement Savings Plan. Each unit represents the right to receive one share of Common Stock - Voting in accordance with the plan’s terms.
Was the MKC insider activity a market purchase or sale of stock?
The reported activity was a grant of Phantom Stock units, not a market purchase or sale. It is classified as a derivative award acquisition under the Non-Qualified Retirement Savings Plan rather than an open-market trade in McCormick common shares.
What does Phantom Stock mean in the McCormick (MKC) Form 4?
In this filing, Phantom Stock represents units that each entitle the holder to receive one share of Common Stock - Voting. These units are payable in shares in line with the Non-Qualified Retirement Savings Plan’s terms, functioning as deferred equity-based compensation.
How is Sarah Piper’s Phantom Stock in MKC held for ownership purposes?
Sarah Piper’s Phantom Stock units are held indirectly through McCormick’s Non-Qualified Retirement Savings Plan. The filing classifies this as indirect ownership, while her 9,037.94 Common Stock - Voting shares are listed as directly owned.