McCormick (NYSE: MKC) 10% owner exercises 50,000 options and sells 50,000 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
McCormick & Company, Incorporated 10% owner Lawrence Erik Kurzius reported exercising options for 50,000 shares of voting common stock at an exercise price of $49.025 per share, with no cash purchase price required under the option terms. On the same day, he sold 50,000 shares of voting common stock in an open-market transaction at $71.63 per share. After these transactions, he directly owned 296,992 shares of voting common stock and 205,538 options representing rights to buy additional shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 50,000 shares ($3,581,500)
Net Sell
3 txns
Insider
Kurzius Lawrence Erik
Role
10% Owner
Sold
50,000 shs ($3.58M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Options - Right to Buy | 50,000 | $0.00 | -- |
| Exercise | Common Stock - Voting | 50,000 | $49.025 | $2.45M |
| Sale | Common Stock - Voting | 50,000 | $71.63 | $3.58M |
Holdings After Transaction:
Options - Right to Buy — 205,538 shares (Direct);
Common Stock - Voting — 346,992 shares (Direct)
Footnotes (1)
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FAQ
What insider transactions did McCormick (MKC) report on February 12, 2026?
McCormick (MKC) reported that 10% owner Lawrence Erik Kurzius exercised options for 50,000 shares and sold 50,000 shares. The sale was an open-market transaction at $71.63 per share, following an option exercise linked to an exercise price of $49.025 per share.
What option exercise did the McCormick (MKC) 10% owner report?
The 10% owner exercised options to acquire 50,000 shares of McCormick voting common stock. The derivative security had an exercise price of $49.025 per share, and a footnote states that no purchase price was required upon exercise of this option on February 12, 2026.
Who is the reporting person in this McCormick (MKC) Form 4 filing?
The reporting person is Lawrence Erik Kurzius, identified as a 10% owner of McCormick. The filing shows he is not listed as a director or officer in this context, and the form is filed by one reporting person with direct ownership of the reported securities.
What does the footnote about the McCormick (MKC) option exercise explain?
The footnote explains that the option was exercised with no purchase price required. This means that, although the option carried a stated exercise price of $49.025 per share, the insider did not pay a cash amount upon exercising it, according to the disclosure language.