McCormick CHRO awarded phantom stock units
Piper Sarah reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Piper Sarah reported acquisition or exercise transactions in this Form 4 filing.
McCormick & Co. Chief Human Relations Officer Sarah Piper reported routine equity-related transactions. She received a grant of 52.863 shares of Phantom Stock at $48.02 per share credited to a Non Qualified Retirement Savings Plan, with each phantom share representing one share of Common Stock - Voting. Separate "other" transactions included 20.900 Common Stock - Voting shares, noted as dividend reinvestment, at $51.81 per share and 41.812 Phantom Stock units at $50.40 per unit. Following these moves, Piper directly holds 9,037.940 Common Stock - Voting shares and indirectly holds 4,492.760 Phantom Stock units through the retirement plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Piper Sarah
Role
Chief Human Relations Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock | 52.863 | $48.02 | $3K |
| Other | Common Stock - Voting | 20.9 | $51.81 | $1K |
| Other | Phantom Stock | 41.812 | $50.40 | $2K |
Holdings After Transaction:
Phantom Stock — 8,932.658 contracts (Indirect, Non Qualified Retirement Savings Plan);
Common Stock - Voting — 9,037.94 shares (Direct)
Footnotes (2)
- F1. Dividend Reinvestment
- F2. 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: 52.863 units at $48.02
Dividend reinvestment common shares: 20.900 shares at $51.81
Additional Phantom Stock units: 41.812 units at $50.40
+2 more
5 metrics
Phantom Stock grant
52.863 units at $48.02
Grant/award acquisition on 2026-05-04 to retirement plan
Dividend reinvestment common shares
20.900 shares at $51.81
Common Stock - Voting coded as other transaction on 2026-04-28
Additional Phantom Stock units
41.812 units at $50.40
Other plan-related Phantom Stock transaction on 2026-04-27
Direct common holdings
9,037.940 shares
Common Stock - Voting directly held after transactions
Indirect phantom holdings
4,492.760 units
Phantom Stock units in Non Qualified Retirement Savings Plan
Key Terms
Phantom Stock, Non Qualified Retirement Savings Plan, Dividend Reinvestment, Common Stock - Voting, +1 more
5 terms
Phantom Stock financial
"Each share of phantom stock represents the right to receive one share of Common Stock - Voting."
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
"Shares of Phantom Stock are payable ... in accordance with the terms of the Non-Qualified Retirement Savings Plan."
Dividend Reinvestment financial
"Dividend Reinvestment"
Dividend reinvestment is when the money earned from a company's profit sharing, called dividends, is automatically used to buy more shares of that company instead of being received as cash. This process helps investors grow their holdings over time without extra effort, much like using earned interest to buy more of a savings account. It encourages long-term investment growth by continuously increasing the amount of shares owned.
Common Stock - Voting financial
"Each share of phantom stock represents the right to receive one share of Common Stock - Voting."
Grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did MKC executive Sarah Piper report on this Form 4?
Sarah Piper reported a grant of 52.863 Phantom Stock units and two "other" transactions involving 20.900 Common Stock - Voting shares and 41.812 Phantom Stock units. These events are administrative and compensation-related, rather than open-market buying or selling of McCormick & Co. shares.
What is the Phantom Stock granted to MKC executive Sarah Piper?
The Phantom Stock grant to Sarah Piper consists of 52.863 units valued at $48.02 per unit. Each phantom share represents the right to receive one share of Common Stock - Voting, payable under McCormick’s Non Qualified Retirement Savings Plan rather than as immediate common shares.
What does dividend reinvestment mean in Sarah Piper’s MKC Form 4?
Dividend reinvestment means cash dividends on existing shares were automatically used to acquire additional shares, rather than being paid in cash. Piper’s Form 4 notes a 20.900-share Common Stock - Voting transaction identified as dividend reinvestment at a price of $51.81 per share.
AI-generated analysis. How Rhea-AI works. Not financial advice.
