McCormick (MKC) director converts phantom stock into 792 voting shares
Rhea-AI Filing Summary
McCormick & Co Inc director reported routine equity-related transactions involving company stock and phantom stock units. On January 2, 2026, 792.356 phantom stock units held in a nonqualified retirement savings plan were settled for an equal number of shares of McCormick Common Stock - Voting at a price of $67.28 per share. After this transaction, the reporting person beneficially owned 31,590.364 shares of McCormick Common Stock - Voting directly and 2,620 shares of Common Stock - Non Voting directly.
The filing also notes earlier phantom stock activity on October 27, 2025, including 18.823 phantom stock units credited at a reference price of $67.13, all within the company’s Non Qualified Retirement Savings Plan. The phantom stock units are described as the economic equivalent of one share of McCormick Common Stock - Voting, and dividend reinvestment is identified as a factor in these plan-related changes.
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FAQ
What insider transaction did McCormick (MKC) report in this Form 4?
The filing shows a director settled 792.356 phantom stock units in a nonqualified retirement savings plan into an equal number of McCormick Common Stock - Voting shares at $67.28 per share on January 2, 2026.
How many McCormick (MKC) shares does the reporting person own after this transaction?
Following the reported transactions, the insider beneficially owned 31,590.364 shares of McCormick Common Stock - Voting and 2,620 shares of Common Stock - Non Voting, both held directly.
What is the nature of the phantom stock units reported for McCormick (MKC)?
The filing explains that each phantom stock unit is the economic equivalent of one share of McCormick Common Stock - Voting, held within a Non Qualified Retirement Savings Plan.
What transactions involving phantom stock did the McCormick (MKC) director report?
The director reported 18.823 phantom stock units credited on October 27, 2025 at a reference price of $67.13, and the settlement of 792.356 phantom stock units into voting common shares on January 2, 2026.
What relationship does the reporting person have to McCormick (MKC)?
The reporting person is identified as a Director of McCormick & Co Inc, filing individually as one reporting person.
Does this McCormick (MKC) Form 4 involve non-voting stock?
Yes. In addition to voting common stock, the Form 4 shows the insider directly beneficially owning 2,620 shares of McCormick Common Stock - Non Voting after the reported transactions.