McCormick (NYSE: MKC) director receives 2,222 common shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
McCormick & Co. director Maritza Gomez Montiel reported the exercise of 2,222 Restricted Stock Units into an equal number of voting common shares on February 15, 2026. The RSUs required no purchase price and were originally granted on February 7, 2025.
Following this conversion, she directly holds 9,160 shares of voting common stock and 5,000 shares of non-voting common stock. The footnotes indicate the RSUs are subject to deferred receipt and entitle her to an annual distribution of common stock equal to 100% of the grant.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,222 shares exercised/converted
Mixed
3 txns
Insider
Montiel Maritza Gomez
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 2,222 | $0.00 | -- |
| Exercise | Common Stock - Voting | 2,222 | $0.00 | -- |
| holding | Common Stock - Non Voting | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common Stock - Voting — 9,160 shares (Direct);
Common Stock - Non Voting — 5,000 shares (Direct)
Footnotes (1)
- Subject to deferred receipt. Restricted Stock Units; No purchase price required. The reported Restricted Stock Units entitles the Reporting Person to receive an annual distribution of common stock equal to 100% of the grant. The Restricted Stock Units granted on February 7, 2025.
FAQ
What insider transaction did McCormick (MKC) report for Maritza Gomez Montiel?
McCormick (MKC) reported that director Maritza Gomez Montiel exercised 2,222 Restricted Stock Units into voting common stock on February 15, 2026. This was a derivative exercise/conversion, not an open-market purchase or sale, and required no cash payment per share.
Were Maritza Gomez Montiel’s McCormick (MKC) RSUs subject to any special conditions?
Yes. The footnotes state the RSUs are subject to deferred receipt and required no purchase price. They also indicate the reported Restricted Stock Units entitle her to receive an annual distribution of common stock equal to 100% of the grant, per the grant terms.
When were the McCormick (MKC) Restricted Stock Units originally granted to the director?
The Restricted Stock Units were granted on February 7, 2025. The Form 4 notes that these RSUs later resulted in the February 15, 2026 exercise and conversion into 2,222 shares of voting common stock, consistent with the original award terms.