Director at McCormick & Company (MKC) receives 2,598 RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
McCormick & Company director reports new stock-based award. Director Margaret M V Preston reported receiving 2,598 Restricted Stock Units on February 6, 2026 at a price of $0 per unit, representing a contingent right to receive the same number of McCormick common shares.
These Restricted Stock Units vest in full on February 15, 2027 and will be settled in an equal number of McCormick shares. After this report, Preston beneficially owned 82,142.195 shares of Common Stock – Voting and 6,235.263 shares of Common Stock – Non Voting, all held directly, plus the new 2,598 Restricted Stock Units.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
PRESTON MARGARET M V
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 2,598 | $0.00 | -- |
| holding | Phantom Stock | -- | -- | -- |
| holding | Common Stock - Voting | -- | -- | -- |
| holding | Common Stock - Non Voting | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 2,598 shares (Direct);
Phantom Stock — 0 shares (Indirect, Non Qualified Retirement Savings Plan);
Common Stock - Voting — 82,142.195 shares (Direct);
Common Stock - Non Voting — 6,235.263 shares (Direct)
Footnotes (1)
- 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 Restricted Stock Unit represents a contingent right to receive one share of Common Stock. The Restricted Stock Units vest in full on 2/15/2027 and are settled in an equal number of shares of McCormick stock.
FAQ
What insider transaction did McCormick & Company (MKC) report on February 6, 2026?
McCormick & Company reported that director Margaret M V Preston received 2,598 Restricted Stock Units on February 6, 2026 at a price of $0 per unit. These RSUs are a stock-based award that will convert into common shares when they vest and settle.
How many McCormick (MKC) Restricted Stock Units were granted to the director?
The director received 2,598 Restricted Stock Units. Each unit represents a contingent right to one share of McCormick Common Stock. When fully vested and settled, the grant would deliver 2,598 McCormick shares, increasing the director’s equity exposure to the company.
When do the McCormick (MKC) Restricted Stock Units granted on February 6, 2026 vest?
The Restricted Stock Units granted on February 6, 2026 vest in full on February 15, 2027. At vesting, they are settled in an equal number of McCormick shares, aligning the director’s compensation with long-term company performance and share value over that period.
What is the nature of the Phantom Stock referenced in the McCormick (MKC) filing?
The Phantom Stock represents a right tied to McCormick Common Stock within a Non-Qualified Retirement Savings Plan. Each phantom share corresponds to one voting common share and is payable in McCormick stock, linking retirement-related benefits to the company’s equity performance over time.