McCormick director converts 2,222 RSUs to shares
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.
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
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 2,222 | $0.00 | $0.00 |
| Exercise | Common Stock - Voting | 2,222 | $0.00 | $0.00 |
| holding | Phantom Stock | -- | -- | -- |
| holding | Common Stock - Non Voting | -- | -- | -- |
Footnotes (4)
- F1. Restricted Stock Units; No purchase price required.
- 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.
- F3. The reported Restricted Stock Units entitles the Reporting Person to receive an annual distribution of common stock equal to 100% of the grant.
- F4. The Restricted Stock Units granted on February 7, 2025.
FAQ
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What did McCormick (MKC) director Jacques Tapiero report on this Form 4?
What happened to Jacques Tapiero’s Restricted Stock Units in McCormick (MKC)?
How are McCormick (MKC) phantom stock units treated for Jacques Tapiero?
AI-generated analysis. How Rhea-AI works. Not financial advice.