STOCK TITAN

Director at McCormick (NYSE: MKC) exercises 2,222 RSUs into shares

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
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 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)
  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.
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*
Tapiero Jacques

(Last) (First) (Middle)
24 SCHILLING ROAD
SUITE 1

(Street)
HUNT VALLEY MD 21031

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
MCCORMICK & CO INC [ MKC ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
02/15/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
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)
Code V Amount (A) or (D) Price
Common Stock - Voting 02/15/2026 M 2,222 A (1) 33,818.054 D
Common Stock - Non Voting 2,620 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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Phantom Stock (2) (2) (2) Common Stock - Voting 0 2,206.082 I Non Qualified Retirement Savings Plan
Restricted Stock Units (1) 02/15/2026 M 2,222 (3) (3) Common Stock - Voting 2,222 (4) 0 D
Explanation of Responses:
1. Restricted Stock Units; No purchase price required.
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.
3. The reported Restricted Stock Units entitles the Reporting Person to receive an annual distribution of common stock equal to 100% of the grant.
4. The Restricted Stock Units granted on February 7, 2025.
Jason E. Wynn, Attorney-in-fact 02/18/2026
** 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.

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.

How many McCormick (MKC) shares does Jacques Tapiero own after the reported transactions?

After the transactions, Jacques Tapiero directly owns 33,818.054 shares of Common Stock - Voting and 2,620 shares of Common Stock - Non Voting. These positions reflect his post-transaction holdings as disclosed in the Form 4 filing.

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.

Did Jacques Tapiero buy or sell McCormick (MKC) shares on the open market?

The Form 4 shows an exercise of 2,222 Restricted Stock Units into voting common shares, not an open-market purchase or sale. The transaction used a derivative exercise/conversion with no purchase price required for the Restricted Stock Units.