Director at McCormick (NYSE: MKC) exercises 2,222 RSUs into shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
McCormick & Co. director Jacques Tapiero exercised 2,222 Restricted Stock Units on February 15, 2026, converting them into the same number of Common Stock - Voting shares at no purchase price. Following this derivative conversion, he directly holds 33,818.054 voting common shares and 2,620 non-voting common shares. The filing also shows his phantom stock balance at 0, with prior phantom stock tied to a Non-Qualified Retirement Savings Plan that settles in voting common stock under that plan’s terms.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,222 shares exercised/converted
Mixed
4 txns
Insider
Tapiero Jacques
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 2,222 | $0.00 | -- |
| Exercise | Common Stock - Voting | 2,222 | $0.00 | -- |
| holding | Phantom Stock | -- | -- | -- |
| holding | Common Stock - Non Voting | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common Stock - Voting — 33,818.054 shares (Direct);
Phantom Stock — 0 shares (Indirect, Non Qualified Retirement Savings Plan);
Common Stock - Non Voting — 2,620 shares (Direct)
Footnotes (1)
- Restricted Stock Units; No purchase price required. 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. The reported Restricted Stock Units entitles the Reporting Person to receive an annual distribution of common stock equal to 100% of the grant. The Restricted Stock Units granted on February 7, 2025.
FAQ
What did McCormick (MKC) director Jacques Tapiero report on this Form 4?
Jacques Tapiero reported exercising 2,222 Restricted Stock Units into 2,222 shares of McCormick Common Stock - Voting. The units required no purchase price and were part of his equity compensation, increasing his direct share ownership in the company.
What happened to Jacques Tapiero’s Restricted Stock Units in McCormick (MKC)?
Tapiero exercised 2,222 Restricted Stock Units, converting them into 2,222 shares of Common Stock - Voting at no purchase price. The units entitled him to receive an annual distribution of common stock equal to 100% of the grant made on February 7, 2025.
How are McCormick (MKC) phantom stock units treated for Jacques Tapiero?
Each share of phantom stock represents the right to receive one share of McCormick Common Stock - Voting. These are payable in voting common shares according to the Non-Qualified Retirement Savings Plan, and his phantom stock balance is now reported as zero.