Director at McCormick (NYSE: MKC) exercises 2,222 restricted stock units into shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
MCCORMICK & CO INC director Anne L. Bramman reported an equity award conversion. On February 15, 2026, she exercised 2,222 Restricted Stock Units at a price of $0.0000 per unit, converting them into 2,222 shares of Common Stock - Voting through a derivative exercise.
After this transaction, her directly held Common Stock position totaled 8,926.542 shares. The Restricted Stock Units require no purchase price, are subject to deferred receipt, and entitle her to receive an annual distribution of common stock equal to 100% of the grant, which was granted on February 7, 2025.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,222 shares exercised/converted
Mixed
2 txns
Insider
BRAMMAN ANNE L
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 2,222 | $0.00 | -- |
| Exercise | Common Stock - Voting | 2,222 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common Stock - Voting — 8,926.542 shares (Direct)
Footnotes (1)
- Subject to deferred receipt. Restricted Stock Units; No purchase price required. 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 insider transaction did MKC director Anne L. Bramman report?
Anne L. Bramman reported exercising 2,222 Restricted Stock Units into 2,222 shares of MCCORMICK & CO INC Common Stock. The transaction occurred on February 15, 2026, through a derivative exercise, rather than an open-market purchase or sale, at a stated price of $0.0000 per unit.
Were any cash purchases or sales of MKC stock involved in this Form 4?
No cash purchases or sales were involved. The filing shows a derivative exercise of 2,222 Restricted Stock Units into 2,222 Common Stock shares at a transaction price of $0.0000 per share. The footnotes state no purchase price is required for these Restricted Stock Units.
What are the terms of the MCCORMICK (MKC) Restricted Stock Units reported?
The Restricted Stock Units are subject to deferred receipt and require no purchase price. They entitle Anne L. Bramman to receive an annual distribution of common stock equal to 100% of the grant, and they were originally granted on February 7, 2025, according to the footnotes.
What transaction code is used in Anne L. Bramman’s MKC Form 4 and what does it mean?
The Form 4 uses transaction code “M,” which in this context is described as an exercise or conversion of a derivative security. Here, it reflects converting 2,222 Restricted Stock Units into 2,222 shares of MCCORMICK & CO INC Common Stock on February 15, 2026.