McCormick HR chief awarded phantom stock units
Piper Sarah reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Piper Sarah reported acquisition or exercise transactions in this Form 4 filing.
McCormick & Co Inc Chief Human Relations Officer Sarah Piper reported a routine compensation-related transaction involving phantom stock. She received 54.358 shares of Phantom Stock on May 18, 2026, recorded as a grant or award and classified as an indirect holding through the company’s Non Qualified Retirement Savings Plan. Each phantom stock unit represents the right to receive one share of Common Stock – Voting, payable in stock under the plan’s terms. Following the transactions reported, she directly holds 9,037.94 shares of Common Stock – Voting and indirectly holds 4,547.118 phantom stock units linked to Common Stock – Voting.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 54.358 shares
Grant/Award
2 txns
Insider
Piper Sarah
Role
Chief Human Relations Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock | 54.358 | $46.70 | $3K |
| holding | Common Stock - Voting | -- | -- | -- |
Holdings After Transaction:
Phantom Stock — 4,547.118 contracts (Indirect, Non Qualified Retirement Savings Plan);
Common Stock - Voting — 9,037.94 shares (Direct)
Footnotes (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.
Key Figures
Phantom stock grant size: 54.358 units
Reference price per phantom unit: $46.70 per unit
Direct common shares after transaction: 9,037.94 shares
+2 more
5 metrics
Phantom stock grant size
54.358 units
Phantom Stock grant on May 18, 2026
Reference price per phantom unit
$46.70 per unit
Transaction price per share for Phantom Stock
Direct common shares after transaction
9,037.94 shares
Common Stock – Voting held directly after reported transactions
Phantom units after transaction
4,547.118 units
Phantom Stock units held indirectly after grant
Transaction date
May 18, 2026
Date of phantom stock grant and updated holdings
Key Terms
Phantom Stock, Non Qualified Retirement Savings Plan, Common Stock - Voting, Grant, award, or other acquisition
4 terms
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 shares of Common Stock - Voting 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."
Grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did McCormick (MKC) report for Sarah Piper?
McCormick reported that Chief Human Relations Officer Sarah Piper received a grant of 54.358 shares of Phantom Stock. These units are part of her compensation and are linked one-for-one to Common Stock – Voting under a retirement savings plan.
What is the size of Sarah Piper’s new phantom stock award at McCormick (MKC)?
Sarah Piper was awarded 54.358 phantom stock units, each tied to one share of Common Stock – Voting. The filing records a reference price of $46.70 per unit, reflecting the value used for this compensation entry.
How does McCormick’s (MKC) phantom stock work in this filing?
Each phantom stock unit represents the right to receive one share of Common Stock – Voting. According to the filing, these units are payable in shares of common stock in line with the terms of McCormick’s Non Qualified Retirement Savings Plan for participating executives.
Is the McCormick (MKC) Sarah Piper transaction a market buy or sell?
The transaction is a grant or award acquisition, not an open-market buy or sell. The Form 4 lists transaction code “A” for the phantom stock, indicating compensation-related acquisition through the company’s Non Qualified Retirement Savings Plan rather than trading in the market.
AI-generated analysis. How Rhea-AI works. Not financial advice.
