McCormick director adds 269 phantom stock units
A McCormick & Co. director increased her phantom stock position via dividend reinvestment and reported updated direct voting and non-voting share holdings.
Rhea-AI Filing Summary
MCCORMICK & CO INC (MKC) director Margaret M. V. Preston reported an acquisition of derivative interests in company stock through a retirement plan. On July 20, 2026, she acquired 269.397 phantom stock units linked to McCormick common stock via dividend reinvestment in a Non Qualified Retirement Savings Plan, bringing that indirect phantom stock position to 29,588.762 units. On the same date, she also reported direct holdings of 84,364.195 shares of Common Stock – Voting and 6,235.263 shares of Common Stock – Non Voting.
Positive
- None.
Negative
- None.
Insider Trade Summary
Other: 269.397 shares
Other
3 txns
Insider
PRESTON MARGARET M V
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Phantom Stock F1 | 269.397 | $52.24 | $14K |
| holding | Common Stock - Voting | -- | -- | -- |
| holding | Common Stock - Non Voting | -- | -- | -- |
Holdings After Transaction:
Phantom Stock — 29,588.762 contracts (Indirect, Non Qualified Retirement Savings Plan);
Common Stock - Voting — 84,364.195 shares (Direct);
Common Stock - Non Voting — 6,235.263 shares (Direct)
Footnotes (1)
- F1. Dividend Reinvestment
Key Figures
Phantom stock units acquired: 269.397 units
Phantom stock price: $52.24 per unit
Phantom stock units held indirectly: 29,588.762 units
+2 more
5 metrics
Phantom stock units acquired
269.397 units
Dividend reinvestment on July 20, 2026
Phantom stock price
$52.24 per unit
Price reported for 269.397 phantom stock units on July 20, 2026
Phantom stock units held indirectly
29,588.762 units
Total phantom stock following July 20, 2026 transaction in Non Qualified Retirement Savings Plan
Common Stock – Voting held directly
84,364.195 shares
Direct holdings reported as of July 20, 2026
Common Stock – Non Voting held directly
6,235.263 shares
Direct holdings reported as of July 20, 2026
Key Terms
Phantom Stock, Non Qualified Retirement Savings Plan, Common Stock - Non Voting
3 terms
Phantom Stock financial
"The security title reported is Phantom Stock linked to Common Stock - Voting"
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
"Phantom stock units are held indirectly through a Non Qualified Retirement Savings Plan"
Common Stock - Non Voting financial
"The director also reports holdings of Common Stock - Non Voting"
FAQ
What did the McCormick (MKC) director report acquiring in this Form 4?
The director reported acquiring 269.397 phantom stock units on July 20, 2026, through dividend reinvestment in a Non Qualified Retirement Savings Plan, with each unit linked to McCormick Common Stock – Voting.
How many phantom stock units linked to MKC does the director hold after this transaction?
After the July 20, 2026 transaction, the director holds 29,588.762 phantom stock units indirectly through a Non Qualified Retirement Savings Plan.
What are the director’s direct holdings of McCormick (MKC) Common Stock after the reported date?
As of July 20, 2026, the director reports direct ownership of 84,364.195 shares of Common Stock – Voting and 6,235.263 shares of Common Stock – Non Voting.
What price per unit is associated with the phantom stock acquired for MKC?
The reported price for the July 20, 2026 phantom stock acquisition is $52.24 per unit, applied to 269.397 phantom stock units obtained through dividend reinvestment.
Was a Rule 10b5-1 trading plan involved in this McCormick (MKC) Form 4 filing?
No. The filing indicates no Rule 10b5-1 trading plan was affirmed for the reported transactions.
Is the phantom stock held directly by the McCormick (MKC) director?
No. The 29,588.762 phantom stock units are reported as held indirectly through a Non Qualified Retirement Savings Plan, not as directly owned shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.