Director Vernon W. Anthony converts 2,222 RSUs at McCormick (MKC)
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
McCormick & Co Inc director Vernon W. Anthony exercised restricted stock units into common shares. On February 15, 2026, 2,222 Restricted Stock Units were converted with no purchase price, resulting in the acquisition of 2,222 shares of voting common stock.
Following this derivative exercise, Anthony directly holds 14,048 shares of McCormick voting common stock. The footnotes state the Restricted Stock Units required no purchase price and entitle him to receive an annual distribution of common stock equal to 100% of the grant, originally awarded on February 7, 2025.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,222 shares exercised/converted
Mixed
2 txns
Insider
VERNON W ANTHONY
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 2,222 | $0.00 | -- |
| Exercise | Common Stock - Voting | 2,222 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common Stock - Voting — 14,048 shares (Direct)
Footnotes (1)
- 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) director Vernon W. Anthony report?
Vernon W. Anthony reported exercising 2,222 Restricted Stock Units into McCormick voting common stock. The transaction occurred on February 15, 2026, involved no purchase price, and reflects a derivative exercise or conversion rather than an open-market stock purchase or sale.
Were the McCormick (MKC) Restricted Stock Units exercised by Vernon W. Anthony purchased for cash?
No cash was paid to exercise these Restricted Stock Units. The footnotes specify that no purchase price was required, meaning the 2,222 units converted into common stock without a cash outlay, consistent with typical equity-based compensation arrangements for company directors.
When were the McCormick (MKC) Restricted Stock Units originally granted to Vernon W. Anthony?
The Restricted Stock Units were granted on February 7, 2025. According to the footnotes, these units entitle the reporting person to receive an annual distribution of McCormick common stock equal to 100% of the grant, which later converted into shares on February 15, 2026.
Does the McCormick (MKC) Form 4 show a stock sale by Vernon W. Anthony?
The Form 4 does not show any stock sale. It reports a derivative exercise or conversion of 2,222 Restricted Stock Units into McCormick voting common stock, categorized as an acquisition-type transaction rather than an open-market sale or purchase of existing shares.
What type of security did Vernon W. Anthony convert into McCormick (MKC) common stock?
He converted Restricted Stock Units into McCormick voting common stock. The filing classifies the transaction under code M, described as the exercise or conversion of a derivative security, resulting in 2,222 common shares being added to his directly held position on February 15, 2026.