McCormick (MKC) director updates holdings with dividend reinvestment and phantom stock awards
Rhea-AI Filing Summary
McCormick & Company director reports routine share and phantom stock activity. A company director filed a Form 4 showing the acquisition of 180.254 shares of McCormick common stock – voting – on 07/22/2025, coded as a "J" transaction and described as dividend reinvestment. These shares were acquired at a price of $71.3165 per share, bringing the director’s directly held voting common stock to 30,798.008 shares. The director also directly holds 2,620 shares of non-voting common stock.
In addition, the filing reports derivative holdings in the form of phantom stock tied to McCormick’s Non-Qualified Retirement Savings Plan. On 07/22/2025, 16.828 phantom stock units were credited at a reference price of $70.74, and on 12/03/2025, 155.958 phantom stock units were credited at $64.12. After these transactions, the director beneficially owns 2,807.928 phantom stock units in one plan account and 2,963.886 phantom stock units in another, each representing the right to receive an equal number of voting common shares under the plan’s terms.
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FAQ
What insider transaction did McCormick (MKC) disclose in this Form 4?
The Form 4 reports that a McCormick director acquired 180.254 shares of common stock – voting – on 07/22/2025 through a transaction coded "J," which is explained as dividend reinvestment.
How many McCormick (MKC) shares does the reporting director own after this transaction?
Following the reported transaction, the director beneficially owns 30,798.008 shares of McCormick common stock – voting – as a direct holding, plus 2,620 shares of common stock – non-voting.
What are the phantom stock units reported for McCormick (MKC)?
The director holds phantom stock units under McCormick’s Non-Qualified Retirement Savings Plan. Each phantom stock unit represents the right to receive one share of McCormick common stock – voting, paid in accordance with the plan’s terms.
How many phantom stock units tied to McCormick (MKC) does the director own?
After the reported activity, the director beneficially owns 2,807.928 phantom stock units in one plan account and 2,963.886 phantom stock units in another, each linked to McCormick common stock – voting.
At what prices were the McCormick (MKC) shares and phantom stock units recorded?
The 180.254 voting common shares were acquired at $71.3165 per share. Phantom stock units were credited at $70.74 per unit on 07/22/2025 and $64.12 per unit on 12/03/2025.
Does this McCormick (MKC) Form 4 indicate use of a trading plan?
The form includes a checkbox for transactions made under a Rule 10b5-1(c) trading plan, but the provided excerpt does not indicate that this box was marked for the reported transactions.