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McCormick (MKC) CEO Brendan Foley receives phantom stock grant in savings plan

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

McCormick & Co. Chairman, President & CEO Brendan M. Foley reported a compensation-related award of phantom stock tied to company shares. He acquired 53.815 phantom stock units at a reference price of $46.5800 per unit under a Non Qualified Retirement Savings Plan, each representing one share of Common Stock - Voting. After this award, his phantom stock balance in the plan rose to 14,070.359 units held indirectly, alongside 130,344.016 voting shares and 1,388.460 non-voting shares held directly. The filing reflects ongoing equity-based compensation rather than an open-market trade.

Positive

  • None.

Negative

  • None.

Insights

Routine phantom stock award increases CEO’s deferred equity stake.

The filing shows Brendan M. Foley receiving 53.815 phantom stock units valued at $46.5800 each, credited under a Non Qualified Retirement Savings Plan. Phantom stock is a deferred equity-linked award, not a cash transaction or open-market purchase.

Each unit represents the right to one share of Common Stock - Voting, payable according to plan terms. Following this award, Foley holds 14,070.359 phantom units, plus substantial direct holdings of voting and non-voting stock, indicating continued alignment through equity-based compensation.

Insider Foley Brendan M
Role Chairman, President & CEO
Type Security Shares Price Value
Grant/Award Phantom Stock 53.815 $46.58 $3K
holding Common Stock - Voting -- -- --
holding Common Stock - Non Voting -- -- --
Holdings After Transaction: Phantom Stock — 14,070.359 shares (Indirect, Non Qualified Retirement Savings Plan); Common Stock - Voting — 130,344.016 shares (Direct); Common Stock - Non Voting — 1,388.46 shares (Direct)
Footnotes (1)
  1. F1. 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.
Phantom stock units granted 53.815 units Grant under Non Qualified Retirement Savings Plan on 2026-06-02
Reference price per phantom unit $46.5800 per unit Value used for phantom stock grant
Total phantom units after grant 14,070.359 units Phantom stock balance following transaction
Direct voting shares held 130,344.016 shares Common Stock - Voting held directly after transaction
Direct non-voting shares held 1,388.460 shares Common Stock - Non Voting held directly after transaction
Ownership type for phantom units Indirect Held through Non Qualified Retirement Savings Plan
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."
Common Stock - Voting financial
"Each share of phantom stock represents the right to receive one share of Common Stock - Voting."
Common Stock - Non Voting financial
"Common Stock - Non Voting"

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FAQ

What insider transaction did McCormick (MKC) report for Brendan M. Foley?
McCormick reported that Brendan M. Foley received 53.815 shares of phantom stock as a grant under a Non Qualified Retirement Savings Plan. This is a compensation-related equity award, not an open-market stock purchase or sale, and increases his deferred equity-linked holdings.

What is the value reference for Brendan Foley’s new phantom stock units at McCormick (MKC)?
The 53.815 phantom stock units were credited at a reference price of $46.5800 per unit. This price is used for accounting the grant within the Non Qualified Retirement Savings Plan and represents the underlying common stock valuation for the award.

How many phantom stock units does Brendan Foley hold after this McCormick (MKC) filing?
After the reported transaction, Brendan Foley holds 14,070.359 phantom stock units indirectly through the Non Qualified Retirement Savings Plan. Each unit represents the right to receive one share of McCormick Common Stock - Voting under the plan’s distribution terms.

How many McCormick (MKC) common shares does Brendan Foley hold directly after the Form 4?
Following the reported entries, Brendan Foley directly holds 130,344.016 shares of Common Stock - Voting and 1,388.460 shares of Common Stock - Non Voting. These direct positions are separate from his 14,070.359 phantom stock units held through the retirement savings plan.

Is Brendan Foley’s McCormick (MKC) phantom stock grant an open-market buy or sell?
No, the phantom stock entry is a grant categorized as a derivative acquisition with code “A.” It reflects a compensation or award under a Non Qualified Retirement Savings Plan, not an open-market stock purchase or sale involving cash exchanged in the market.
SEC Form 4
FORM 4UNITED 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*
Foley Brendan M
(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)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chairman, President & CEO
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/02/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock - Voting130,344.016D
Common Stock - Non Voting1,388.46D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Phantom Stock(1)06/02/2026A53.815 (1) (1)Common Stock - Voting53.815$46.5814,070.359INon Qualified Retirement Savings Plan
Explanation of Responses:
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.
Jason E. Wynn, Attorney-in-Fact06/03/2026
** Signature of Reporting PersonDate
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