McCormick (MKC) CEO updates holdings with new shares and phantom stock
Rhea-AI Filing Summary
McCormick & Co. Inc. Chairman, President & CEO reported routine updates to his ownership in company equity. On 04/21/2025, 07/21/2025, and 10/27/2025, he acquired small amounts of Common Stock – Non Voting through dividend reinvestment, increasing this holding to 1,373.457 shares held directly. He also reports 108,838.016 shares of Common Stock – Voting held directly.
In addition, on 12/30/2025 he acquired 35.524 units of phantom stock under a Non-Qualified Retirement Savings Plan, bringing his total to 12,394.927 phantom stock units held indirectly. Each phantom stock unit represents the right to receive one share of Common Stock – Voting in accordance with the plan’s terms.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock | 35.524 | $68.48 | $2K |
| Other | Common Stock - Non Voting | 7 | $66.295 | $464.07 |
| Other | Common Stock - Non Voting | 7 | $71.42 | $499.94 |
| Other | Common Stock - Non Voting | 6 | $75.12 | $450.72 |
| holding | Common Stock - Voting | -- | -- | -- |
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.
FAQ
What insider transactions did McCormick (MKC) report in this Form 4?
The filing shows the Chairman, President & CEO acquired small amounts of Common Stock – Non Voting on 04/21/2025, 07/21/2025, and 10/27/2025 through dividend reinvestment, and also acquired 35.524 phantom stock units on 12/30/2025 under a retirement savings plan.
What is the nature of the McCormick (MKC) dividend reinvestment transactions?
The filing explains that certain acquisitions of Common Stock – Non Voting are due to dividend reinvestment, meaning cash dividends were automatically used to purchase additional shares on 04/21/2025, 07/21/2025, and 10/27/2025.
What are phantom stock units reported by McCormick (MKC)'s CEO?
The insider holds phantom stock units in a Non-Qualified Retirement Savings Plan. Each phantom stock unit represents the right to receive one share of Common Stock – Voting, payable in shares according to the plan’s terms, with 12,394.927 units beneficially owned after the latest transaction.
Are the McCormick (MKC) phantom stock holdings direct or indirect?
The filing states that the 12,394.927 phantom stock units are held indirectly through a Non Qualified Retirement Savings Plan, while the common stock positions are reported as directly owned.