McCormick (NYSE: MKC) CEO receives phantom stock grant, holds over 130K shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Foley Brendan M reported acquisition or exercise transactions in this Form 4 filing.
MCCORMICK & CO INC Chairman, President & CEO Brendan M. Foley received a grant of 53.678 phantom stock units at $46.70 per unit under a Non‑Qualified Retirement Savings Plan. Each phantom unit represents the right to receive one share of Common Stock - Voting, bringing his plan balance to 14,016.544 phantom units.
The filing also notes a small "other" transaction involving 5 shares of Common Stock - Non Voting, after which Foley directly holds 1,388.460 non‑voting shares and 130,344.016 voting common shares. These are routine compensation and administrative updates rather than open‑market trades.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Foley Brendan M
Role
Chairman, President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock | 53.678 | $46.70 | $3K |
| Other | Common Stock - Non Voting | 5 | $51.34 | $256.70 |
| holding | Common Stock - Voting | -- | -- | -- |
Holdings After Transaction:
Phantom Stock — 14,016.544 shares (Indirect, Non Qualified Retirement Savings Plan);
Common Stock - Non Voting — 1,388.46 shares (Direct, null);
Common Stock - Voting — 130,344.016 shares (Direct, null)
Footnotes (1)
- Dividend Reinvestment. 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: 53.678 units at $46.70
Phantom stock balance: 14,016.544 units
Voting shares held: 130,344.016 shares
+2 more
5 metrics
Phantom stock grant
53.678 units at $46.70
Non-Qualified Retirement Savings Plan award on 2026-05-18
Phantom stock balance
14,016.544 units
Phantom stock units following latest award
Voting shares held
130,344.016 shares
Common Stock - Voting held directly after transactions
Non-voting shares held
1,388.460 shares
Common Stock - Non Voting held directly after code J event
Non-voting code J shares
5.000 shares at $51.34
Other acquisition or disposition on 2026-04-28
Key Terms
Phantom Stock, Non Qualified Retirement Savings Plan, Common Stock - Voting, Common Stock - Non Voting, +1 more
5 terms
Phantom Stock financial
"Security title listed as "Phantom Stock" with units tied to common stock."
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
"Nature of ownership noted as "Non Qualified Retirement Savings Plan"."
Common Stock - Voting financial
"Underlying security title identified as "Common Stock - Voting"."
Common Stock - Non Voting financial
"Security title for separate class is "Common Stock - Non Voting"."
transaction code J financial
"Non-derivative entry uses code J, described as other acquisition or disposition."
FAQ
What insider transaction did McCormick (MKC) CEO Brendan Foley report?
Brendan Foley reported a grant of 53.678 phantom stock units at $46.70 each under a Non‑Qualified Retirement Savings Plan. These units track McCormick common stock value and are payable in voting shares under plan terms.
What is the size of Brendan Foley’s phantom stock holdings in McCormick (MKC)?
After the latest grant, Brendan Foley holds 14,016.544 phantom stock units tied to McCormick’s voting common stock. Each unit represents the right to receive one voting share under the Non‑Qualified Retirement Savings Plan.
How does phantom stock work in McCormick (MKC)’s Non‑Qualified Retirement Savings Plan?
Each phantom stock unit represents the right to receive one share of McCormick Common Stock - Voting. Units are payable in voting shares according to the Non‑Qualified Retirement Savings Plan’s terms, aligning executive retirement benefits with shareholder value.