McCormick & Co Inc (NYSE: MKC) CEO awarded 46.6370 phantom stock units in savings plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Foley Brendan M reported acquisition or exercise transactions in this Form 4 filing.
MCCORMICK & CO INC Chairman, President & CEO Brendan M. Foley reported updated equity holdings. On 2026-07-13, he received a grant of 46.6370 units of Phantom Stock at $53.7500 per unit under a Non Qualified Retirement Savings Plan, each unit representing the right to receive one share of Common Stock - Voting. Following this award, he holds 14218.2670 phantom stock units indirectly through the plan, plus 130344.0160 shares of Common Stock - Voting and 1754.0000 shares of Common Stock - Non Voting directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Foley Brendan M
Role
Chairman, President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock | 46.637 | $53.75 | $3K |
| holding | Common Stock - Voting | -- | -- | -- |
| holding | Common Stock - Non Voting | -- | -- | -- |
Holdings After Transaction:
Phantom Stock — 14,218.267 shares (Indirect, Non Qualified Retirement Savings Plan);
Common Stock - Voting — 130,344.016 shares (Direct);
Common Stock - Non Voting — 1,754 shares (Direct)
Footnotes (1)
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Key Figures
Phantom Stock units granted: 46.6370 units
Phantom Stock grant price: $53.7500 per unit
Phantom Stock units after award: 14218.2670 units
+2 more
5 metrics
Phantom Stock units granted
46.6370 units
Grant/award acquisition on 2026-07-13 under Non Qualified Retirement Savings Plan
Phantom Stock grant price
$53.7500 per unit
Reference price for 46.6370 Phantom Stock units awarded to CEO
Phantom Stock units after award
14218.2670 units
Total Phantom Stock indirectly held through Non Qualified Retirement Savings Plan
Common Stock - Voting held
130344.0160 shares
Directly held Common Stock - Voting following reported transactions
Common Stock - Non Voting held
1754.0000 shares
Directly held Common Stock - Non Voting following 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"
FAQ
What insider transaction did McCormick & Co (MKC) report for CEO Brendan Foley?
McCormick & Co (MKC) reported that CEO Brendan M. Foley received a grant of 46.6370 Phantom Stock units at $53.7500 per unit on 2026-07-13 under a Non Qualified Retirement Savings Plan, rather than making an open-market stock purchase or sale.
How many Phantom Stock units does the McCormick (MKC) CEO hold after this award?
After the award, the McCormick (MKC) CEO holds 14218.2670 Phantom Stock units indirectly through the Non Qualified Retirement Savings Plan. Each unit represents the right to receive one share of Common Stock - Voting, payable according to the plan’s terms.
What common stock holdings does the McCormick (MKC) CEO report following the latest Form 4?
Following the reported transactions, the McCormick (MKC) CEO directly holds 130344.0160 shares of Common Stock - Voting and 1754.0000 shares of Common Stock - Non Voting. These positions are reported as direct ownership separate from the Phantom Stock units.
Was the McCormick (MKC) CEO’s Phantom Stock transaction a market buy or sell?
The McCormick (MKC) CEO’s Phantom Stock activity reflects a grant/award acquisition of 46.6370 units, coded “A” for grant or award. It is compensation-related and not an open-market purchase or sale of McCormick common shares.
How does McCormick (MKC) describe Phantom Stock in this CEO transaction?
McCormick (MKC) states that each Phantom Stock unit represents the right to receive one share of Common Stock - Voting. Units are payable in Common Stock - Voting in accordance with the terms of the Non-Qualified Retirement Savings Plan.