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McCormick (MKC) CEO Foley granted phantom stock units in retirement plan

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Foley Brendan M reported acquisition or exercise transactions in this Form 4 filing.

McCormick & Co. Chairman, President & CEO Brendan M. Foley reported a compensation-related award of 48.15 phantom stock units on Common Stock - Voting at a reference price of $52.06 per share. These units, held in a Non-Qualified Retirement Savings Plan, brought his phantom stock balance to 14,171.63 units. As of the same date, he also directly held 1,754 shares of Common Stock - Non Voting and 130,344.016 shares of Common Stock - Voting, reflecting prior increases from dividend reinvestment and employee stock purchase participation rather than open-market trades.

Positive

  • None.

Negative

  • None.
Insider Foley Brendan M
Role Chairman, President & CEO
Type Security Shares Price Value
Grant/Award Phantom Stock 48.15 $52.06 $3K
holding Common Stock - Voting -- -- --
holding Common Stock - Non Voting -- -- --
Holdings After Transaction: Phantom Stock — 14,171.63 shares (Indirect, Non Qualified Retirement Savings Plan); Common Stock - Voting — 130,344.016 shares (Direct, null); Common Stock - Non Voting — 1,754 shares (Direct, null)
Footnotes (1)
  1. Reporting Person's common stock - nonvoting shares were increased by 355 shares through past dividend reinvestment and ESPP. 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.
Phantom stock grant 48.15 units at $52.06 Phantom Stock grant on Common Stock - Voting
Phantom stock balance 14,171.63 units Total phantom stock after grant
Common Stock - Voting holdings 130,344.016 shares Direct holdings after reported transactions
Common Stock - Non Voting holdings 1,754 shares Direct holdings after dividend reinvestment and ESPP
Dividend/ESPP increase 355 shares Increase in nonvoting shares via reinvestment and ESPP
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 - Non Voting financial
"Reporting Person's common stock - nonvoting shares were increased by 355 shares through past dividend reinvestment and ESPP."
Common Stock - Voting financial
"Each share of phantom stock represents the right to receive one share of Common Stock - Voting."
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Foley Brendan M
(Last)(First)(Middle)
24 SCHILLING ROAD
SUITE 1
(Street)
HUNT VALLEY MARYLAND 21031
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
MCCORMICK & CO INC [ MKC ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
Chairman, President & CEO
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/29/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock - Voting130,344.016D
Common Stock - Non Voting1,754(1)D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Phantom Stock(2)06/29/2026A48.15 (2) (2)Common Stock - Voting48.15$52.0614,171.63INon Qualified Retirement Savings Plan
Explanation of Responses:
1. Reporting Person's common stock - nonvoting shares were increased by 355 shares through past dividend reinvestment and ESPP.
2. 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.
Jeffery D. Schwartz, Attorney-in-Fact07/01/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did McCormick (MKC) report for Brendan Foley?

Brendan Foley received 48.15 phantom stock units tied to McCormick Common Stock - Voting. This was a grant under a Non-Qualified Retirement Savings Plan, not an open-market trade, and increased his phantom stock balance to 14,171.63 units.

Is Brendan Foley buying or selling McCormick (MKC) shares in this Form 4?

The filing shows no open-market buying or selling by Brendan Foley. It reports a grant of 48.15 phantom stock units and updates to his reported holdings, which primarily reflect compensation and prior reinvestment activity, not discretionary stock trades.

How many McCormick (MKC) shares does Brendan Foley hold after this filing?

After the reported transactions, Brendan Foley directly holds 1,754 shares of Common Stock - Non Voting and 130,344.016 shares of Common Stock - Voting. He also holds 14,171.63 phantom stock units, which are payable in shares under the company’s retirement plan.

What is the phantom stock reported in the McCormick (MKC) Form 4?

The phantom stock consists of units where each unit represents one share of Common Stock - Voting. These 48.15 new units, at a reference price of $52.06, are credited under McCormick’s Non-Qualified Retirement Savings Plan and are ultimately payable in actual shares.

Did dividend reinvestment affect Brendan Foley’s McCormick (MKC) holdings?

Yes. A footnote states his Common Stock - Non Voting position rose by 355 shares through past dividend reinvestment and participation in an employee stock purchase plan. These increases reflect program activity rather than separate open-market purchases.