McCormick (NYSE: MKC) CHRO adds phantom stock and dividend shares

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

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.

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 — 4,492.76 shares (Indirect, Non Qualified Retirement Savings Plan); Common Stock - Voting — 9,037.94 shares (Direct, null)

Footnotes (1)

Dividend Reinvestment 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""

Form 4 Insider Transactions: What Each Field Means →

05/06/2026 - 09:10 AM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Piper Sarah

(Last)

(First)

(Middle)

24 SCHILLING ROAD

SUITE 1

(Street)

HUNT VALLEY

MARYLAND

21031

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
MCCORMICK & CO INC [ MKC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Chief Human Relations Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/27/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock - Voting	04/28/2026		J⁽¹⁾	V	20.9	A	$51.81	9,037.94	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Phantom Stock	⁽¹⁾	04/27/2026		J	V	41.812		⁽¹⁾	⁽¹⁾	Common Stock - Voting	41.812	$50.4	4,439.898	I	Non Qualified Retirement Savings Plan
Phantom Stock	⁽²⁾	05/04/2026		A		52.863		⁽²⁾	⁽²⁾	Common Stock - Voting	52.863	$48.02	4,492.76	I	Non Qualified Retirement Savings Plan

Explanation of Responses:

1. Dividend Reinvestment

2. 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.

	Jason E. Wynn, Attorney-in-fact	05/06/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

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.

How many McCormick (MKC) shares does Sarah Piper hold after these transactions?

After the reported transactions, Sarah Piper directly holds 9,037.940 shares of Common Stock - Voting and indirectly holds 4,492.760 Phantom Stock units through a Non Qualified Retirement Savings Plan. Each phantom unit represents the right to receive one share of Common Stock - Voting.

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.

Were any McCormick (MKC) shares bought or sold on the open market in this Form 4?

No open-market purchases or sales are shown. The filing records a compensation-related Phantom Stock grant and two "other" transactions, including dividend reinvestment and plan-related adjustments, without any transactions coded as open-market buys or sells of McCormick common stock.

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.