McCormick director acquires 209.816 phantom units
MKC director Jacques Tapiero added phantom stock units and reports substantial direct holdings of both voting and non-voting common shares.
Rhea-AI Filing Summary
MCCORMICK & CO INC (MKC) director Jacques Tapiero reported acquisitions of derivative interests linked to the company’s stock. On September 2, 2026, he received 185.874 shares of phantom stock at $53.80 per unit under a Non-Qualified Retirement Savings Plan, each unit representing one share of Common Stock - Voting. On July 20, 2026, 23.942 phantom stock units at $52.24 were acquired through dividend reinvestment. As of July 20, 2026, he also held 33,818.054 shares of Common Stock - Voting and 2,620 shares of Common Stock - Non Voting directly. No Rule 10b5-1 trading plan is reported.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Tapiero Jacques
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock F2 | 185.874 | $53.80 | $10K |
| Other | Phantom Stock F1 | 23.942 | $52.24 | $1K |
| holding | Common Stock - Voting | -- | -- | -- |
| holding | Common Stock - Non Voting | -- | -- | -- |
Holdings After Transaction:
Phantom Stock — 2,815.397 contracts (Indirect, Non Qualified Retirement Savings Plan);
Common Stock - Voting — 33,818.054 shares (Direct);
Common Stock - Non Voting — 2,620 shares (Direct)
Footnotes (2)
- F1. Dividend Reinvestment
- F2. 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.
Key Figures
Phantom stock grant: 185.874 units at $53.80
Dividend reinvestment phantom stock: 23.942 units at $52.24
Direct Common Stock - Voting holdings: 33,818.054 shares
+2 more
5 metrics
Phantom stock grant
185.874 units at $53.80
Grant/award acquisition on September 2, 2026 under Non-Qualified Retirement Savings Plan
Dividend reinvestment phantom stock
23.942 units at $52.24
Other acquisition on July 20, 2026 described as Dividend Reinvestment
Direct Common Stock - Voting holdings
33,818.054 shares
Shares of Common Stock - Voting held directly as of July 20, 2026
Direct Common Stock - Non Voting holdings
2,620 shares
Shares of Common Stock - Non Voting held directly as of July 20, 2026
Total phantom stock acquired
209.816 units
Sum of phantom stock acquisitions on July 20, 2026 and September 2, 2026
Key Terms
Phantom Stock, Non-Qualified Retirement Savings Plan, Dividend Reinvestment, Common Stock - Voting, +1 more
5 terms
Phantom Stock financial
"Each share of phantom stock represents the right to receive one share"
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
"payable in shares of Common Stock - Voting in accordance with the terms"
Dividend Reinvestment financial
"Dividend Reinvestment"
Dividend reinvestment is when the money earned from a company's profit sharing, called dividends, is automatically used to buy more shares of that company instead of being received as cash. This process helps investors grow their holdings over time without extra effort, much like using earned interest to buy more of a savings account. It encourages long-term investment growth by continuously increasing the amount of shares owned.
Common Stock - Voting financial
"Each share of phantom stock represents the right to receive one share"
Common Stock - Non Voting financial
"Common Stock - Non Voting directly"
FAQ
What insider transactions did MKC director Jacques Tapiero report on this Form 4?
He reported acquiring 185.874 phantom stock units on September 2, 2026 at $53.80 each and 23.942 phantom stock units on July 20, 2026 at $52.24 each, with the July transaction described as dividend reinvestment.
How much McCormick (MKC) phantom stock does Jacques Tapiero acquire in this filing?
The filing reports acquisitions of a total of 209.816 phantom stock units, consisting of 185.874 units on September 2, 2026 and 23.942 units on July 20, 2026, each unit representing the right to receive one share of Common Stock - Voting.
What direct common stock holdings does Jacques Tapiero report in MKC?
As of July 20, 2026, he reports holding 33,818.054 shares of Common Stock - Voting and 2,620 shares of Common Stock - Non Voting directly, separate from the phantom stock interests held through the Non-Qualified Retirement Savings Plan.
What does the phantom stock reported by MKC represent for Jacques Tapiero?
Each share of phantom stock represents the right to receive one share of Common Stock - Voting. These phantom shares are payable in Common Stock - Voting in accordance with the terms of the company’s Non-Qualified Retirement Savings Plan.
Were Jacques Tapiero’s MKC insider transactions made under a Rule 10b5-1 trading plan?
The filing indicates no Rule 10b5-1 trading plan: the document-level checkbox for Rule 10b5-1 plans is marked as not affirmed, and the footnotes do not describe any pre-arranged trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
