McCormick (MKC) CFO Gabriel Mendes granted 15,739 restricted stock units in equity award
Rhea-AI Filing Summary
McCormick & Company Executive VP & CFO Gabriel Marcos Mendes received a new equity award in the form of Restricted Stock Units (RSUs). On February 6, 2026, he was granted 15,739 RSUs at a price of $0 per unit, each representing a contingent right to receive one share of McCormick common stock.
The RSUs vest in three equal installments on February 15, 2027, February 15, 2028, and February 15, 2029, aligning the award with multi-year performance and service. Following this grant, Mendes beneficially owned 11,325 shares of McCormick voting common stock directly, separate from the RSU award.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 15,739 | $0.00 | -- |
| holding | Common Stock - Voting | -- | -- | -- |
Footnotes (1)
- The Restricted Stock Unit represents a contingent right to receive one share of Common Stock The Restricted Stock Units vest in thirds over a three year period beginning on February 15, 2027, February 15, 2028 and February 15, 2029.
FAQ
What insider transaction did McCormick (MKC) report for its CFO on February 6, 2026?
McCormick reported that Executive VP & CFO Gabriel Marcos Mendes received 15,739 Restricted Stock Units on February 6, 2026. These RSUs were awarded at a price of $0 per unit and each unit represents a contingent right to receive one share of McCormick common stock.
How many Restricted Stock Units did McCormick (MKC) grant to Executive VP & CFO Gabriel Marcos Mendes?
Gabriel Marcos Mendes received 15,739 Restricted Stock Units from McCormick. Each RSU represents a contingent right to receive one share of McCormick common stock, providing equity-based compensation that vests over several years, subject to the vesting schedule disclosed in the filing.
What is the vesting schedule for the 15,739 Restricted Stock Units granted by McCormick (MKC)?
The 15,739 Restricted Stock Units vest in three equal installments over three years. Vesting begins on February 15, 2027, with additional tranches vesting on February 15, 2028, and February 15, 2029, aligning the award with a multi-year time horizon.
What does each Restricted Stock Unit granted by McCormick (MKC) to its CFO represent?
Each Restricted Stock Unit represents a contingent right to receive one share of McCormick common stock. The units do not immediately deliver shares; instead, shares are delivered as the RSUs vest over the specified three-year schedule starting in 2027.
Was the McCormick (MKC) CFO’s Restricted Stock Unit grant reported as a purchase or sale?
The Restricted Stock Unit transaction was coded as an “A” transaction, indicating an acquisition of derivative securities. It reflects an equity award granted at $0 per unit, rather than an open-market purchase or sale of McCormick common stock by the executive.