McCormick (NYSE: MKC) major holder exercises options, sells 205,538 shares
Rhea-AI Filing Summary
McCormick & Co Inc ten percent owner Lawrence Erik Kurzius reported an option exercise-and-sale on common stock. He exercised 205,538 options for voting common stock at an exercise price of $49.025 per share, then sold 205,538 shares of common stock at $52.6871 per share in open-market or private transactions. The derivative position tied to these options, which were originally exercisable until March 29, 2027, is now reported as fully exercised.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and Sale: 205,538 shares ($753K approx. pre-tax spread)
Exercise and Sale
3 txns
Insider
Kurzius Lawrence Erik
Role
10% Owner
Sold
205,538 shs ($10.83M)
Approx. gross sale proceeds
$10.83M
Approx. exercise cost
$10.08M
Approx. pre-tax spread
$753K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Options - Right to Buy F1 | 205,538 | $0.00 | $0.00 |
| Exercise | Common Stock - Voting | 205,538 | $49.025 | $10.08M |
| Sale | Common Stock - Voting | 205,538 | $52.6871 | $10.83M |
Holdings After Transaction:
Options - Right to Buy — 0 shares (Direct);
Common Stock - Voting — 296,992 shares (Direct)
Footnotes (1)
- F1. Option exercised; no purchase price required.
Key Figures
Options exercised: 205,538 shares
Option exercise price: $49.025 per share
Shares sold: 205,538 shares
+2 more
5 metrics
Options exercised
205,538 shares
Options - Right to Buy exercised into Common Stock - Voting on August 10, 2026
Option exercise price
$49.025 per share
Exercise price for Options - Right to Buy into Common Stock - Voting
Shares sold
205,538 shares
Common Stock - Voting sold on August 10, 2026
Sale price
$52.6871 per share
Reported price for sale of Common Stock - Voting
Option expiration
March 29, 2027
Original expiration date of the exercised Options - Right to Buy
Key Terms
Options - Right to Buy, Common Stock - Voting, Exercise or conversion of derivative security
3 terms
Options - Right to Buy financial
"security_title is listed as Options - Right to Buy"
Common Stock - Voting financial
"underlying_security_title is Common Stock - Voting"
Exercise or conversion of derivative security financial
"transaction_code_description states Exercise or conversion of derivative security"
FAQ
What did McCormick (MKC) insider Lawrence Erik Kurzius report on this Form 4?
Kurzius reported an exercise and sale of McCormick voting common stock. He exercised 205,538 options and sold 205,538 shares on August 10, 2026, fully exercising this specific option grant.
How many McCormick (MKC) options did Kurzius exercise and at what price?
He exercised 205,538 options for McCormick voting common stock at an exercise price of $49.025 per share. A footnote states the option was exercised with no purchase price required to be paid in cash.
What happened to Kurzius’s McCormick (MKC) option position after these transactions?
The option covering 205,538 shares, originally expiring on March 29, 2027, is now reported with 0 derivative shares remaining following the exercise, indicating this grant has been fully exercised.
AI-generated analysis. How Rhea-AI works. Not financial advice.