Phantom stock award boosts McCormick (MKC) HR chief holdings
Filing Impact
Filing Sentiment
Form Type
4
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 equity compensation award. She received 54.496 shares of phantom stock at a reference price of $46.5800 per share under the company’s Non Qualified Retirement Savings Plan.
Each phantom stock share represents the right to receive one share of Common Stock - Voting, payable in shares according to the plan’s terms. Following these updates, she holds 9,037.9400 shares of Common Stock - Voting directly and 4,601.6140 phantom stock units indirectly through the retirement plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Piper Sarah
Role
Chief Human Relations Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock | 54.496 | $46.58 | $3K |
| holding | Common Stock - Voting | -- | -- | -- |
Holdings After Transaction:
Phantom Stock — 4,601.614 shares (Indirect, Non Qualified Retirement Savings Plan);
Common Stock - Voting — 9,037.94 shares (Direct, null)
Footnotes (1)
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Key Figures
Phantom stock granted: 54.496 shares
Phantom stock reference price: $46.5800 per share
Phantom stock holdings after award: 4,601.6140 units
+1 more
4 metrics
Phantom stock granted
54.496 shares
Grant to Chief Human Relations Officer on 2026-06-02
Phantom stock reference price
$46.5800 per share
Price for newly granted phantom stock units
Phantom stock holdings after award
4,601.6140 units
Indirect holdings in Non Qualified Retirement Savings Plan
Direct common stock holdings
9,037.9400 shares
Common Stock - Voting held directly after reported transactions
Key Terms
Phantom Stock, Non Qualified Retirement Savings Plan, Common Stock - Voting
3 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."
FAQ
What insider transaction did McCormick (MKC) report for Sarah Piper?
McCormick reported that Chief Human Relations Officer Sarah Piper received 54.496 shares of phantom stock. This award is part of deferred compensation and represents future rights to Common Stock - Voting under the company’s Non Qualified Retirement Savings Plan.
How many phantom stock units does Sarah Piper hold after this McCormick (MKC) filing?
After the reported award, Sarah Piper holds 4,601.6140 phantom stock units. These units are tied to McCormick’s Common Stock - Voting and are payable in shares according to the Non Qualified Retirement Savings Plan’s terms.
What does McCormick (MKC) phantom stock represent for Sarah Piper?
Each unit of McCormick’s phantom stock represents the right to receive one share of Common Stock - Voting. The shares are delivered according to the Non Qualified Retirement Savings Plan, effectively deferring part of the executive’s compensation in stock-linked units.
Was the McCormick (MKC) Form 4 transaction a market buy or sell by Sarah Piper?
The Form 4 shows a grant of phantom stock, coded as an award (A), not a market purchase or sale. It reflects compensation in deferred stock units rather than an open-market trade in McCormick shares.