McCormick (NYSE: MKC) director exercises 5,000 options and receives 2,598 RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
McCormick & Co. director Michael D. Mangan reported several equity transactions in company stock. On 02/05/2026 he exercised options to acquire 5,000 shares of Common Stock - Voting at $49.96 per share, increasing his directly held voting stake to 43,029 shares, plus 4,234 shares of Common Stock - Non Voting.
That same day, he disposed of 3,751 voting shares at $66.58. Separately, on 02/06/2026 he received a grant of 2,598 Restricted Stock Units, each representing a right to one share of McCormick common stock, which vest in full on 02/15/2027 and will be settled in an equal number of shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
5,000 shares exercised/converted
Mixed
5 txns
Insider
MANGAN MICHAEL D
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 2,598 | $0.00 | -- |
| Exercise | Options - Right to Buy | 5,000 | $0.00 | -- |
| Exercise | Common Stock - Voting | 5,000 | $49.96 | $250K |
| Tax Withholding | Common Stock - Voting | 3,751 | $66.58 | $250K |
| holding | Common Stock - Non Voting | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 2,598 shares (Direct);
Options - Right to Buy — 5,000 shares (Direct);
Common Stock - Voting — 46,780 shares (Direct);
Common Stock - Non Voting — 4,234 shares (Direct)
Footnotes (1)
- Options exercised; no purchase price required. The Restricted Stock Unit represents a contingent right to receive one share of Common Stock. The Restricted Stock Units vest in full on 2/15/2027 and are settled in an equal number of shares of McCormick stock.
FAQ
What insider transactions did McCormick (MKC) director Michael D. Mangan report?
Mangan reported exercising options for 5,000 shares of McCormick Common Stock - Voting at $49.96 and disposing of 3,751 voting shares at $66.58. He also reported holding 4,234 Non Voting shares after these transactions.
What option exercise did McCormick (MKC) director Mangan report?
Mangan exercised Options - Right to Buy covering 5,000 shares of McCormick Common Stock - Voting at an exercise price of $49.96. The filing notes the options were exercised with $0 derivative security price, consistent with the footnote explaining no purchase price was required.
What Restricted Stock Units did McCormick (MKC) grant to Michael D. Mangan?
On 02/06/2026, Mangan received 2,598 Restricted Stock Units, each representing a contingent right to one share of McCormick Common Stock. These RSUs vest in full on 02/15/2027 and will be settled in an equal number of McCormick shares when vested.
How are Mangan’s McCormick (MKC) derivative holdings structured after these transactions?
Following the reported activity, Mangan holds 5,000 Options - Right to Buy McCormick Common Stock - Voting and 2,598 Restricted Stock Units. Each RSU provides a right to receive one McCormick share when fully vested on 02/15/2027.