McCormick CEO awarded new phantom stock units
Foley Brendan M reported acquisition or exercise transactions in this Form 4 filing.
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
| 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 | -- | -- | -- |
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
Key Terms
Phantom Stock financial
Non Qualified Retirement Savings Plan financial
Common Stock - Voting financial
Common Stock - Non Voting financial
transaction code J financial
FAQ
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What insider transaction did McCormick (MKC) CEO Brendan Foley report?
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How does phantom stock work in McCormick (MKC)’s Non‑Qualified Retirement Savings Plan?
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