McCormick (MKC) grants CEO Brendan Foley 68,855 RSUs vesting through 2029
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
McCormick & Co. reported an equity grant to its top executive. Chairman, President & CEO Brendan M. Foley received an award of 68,855 Restricted Stock Units on February 6, 2026, at a stated price of $0 per unit. Each unit represents a contingent right to receive one share of voting common stock.
The Restricted Stock Units are scheduled to vest in three equal installments on February 15, 2027, February 15, 2028 and February 15, 2029. After this grant, Foley directly holds 68,855 Restricted Stock Units, 128,972.016 shares of voting common stock, and 1,371.457 shares of non‑voting common stock, along with an interest in phantom stock under a non‑qualified retirement savings plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Foley Brendan M
Role
Chairman, President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 68,855 | $0.00 | -- |
| holding | Phantom Stock | -- | -- | -- |
| holding | Common Stock - Voting | -- | -- | -- |
| holding | Common Stock - Non Voting | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 68,855 shares (Direct);
Phantom Stock — 0 shares (Indirect, Non Qualified Retirement Savings Plan);
Common Stock - Voting — 128,972.016 shares (Direct);
Common Stock - Non Voting — 1,371.457 shares (Direct)
Footnotes (1)
- 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. 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 February 6, 2026?
McCormick reported an equity award to its Chairman, President & CEO Brendan M. Foley on February 6, 2026. He received 68,855 Restricted Stock Units, each representing a contingent right to one share of voting common stock, at a stated price of $0 per unit.
How many Restricted Stock Units did McCormick (MKC) grant to CEO Brendan Foley?
Brendan M. Foley was granted 68,855 Restricted Stock Units. Each unit gives a contingent right to receive one share of McCormick voting common stock, providing stock-based compensation tied to future vesting rather than immediate share ownership on the grant date.
When do Brendan Foley’s McCormick (MKC) Restricted Stock Units vest?
The Restricted Stock Units vest in three equal installments over three years. Vesting begins on February 15, 2027, with additional tranches on February 15, 2028 and February 15, 2029, aligning the CEO’s potential share delivery with a multi‑year timeframe.
What McCormick (MKC) common stock holdings did Brendan Foley report?
Brendan M. Foley reported direct ownership of 128,972.016 shares of voting common stock and 1,371.457 shares of non‑voting common stock. These positions are separate from his 68,855 Restricted Stock Units, which represent future contingent rights rather than current outstanding shares.
What is the phantom stock mentioned in the McCormick (MKC) Form 4 filing?
The phantom stock represents units in a Non‑Qualified Retirement Savings Plan. Each phantom share corresponds to the right to receive one share of McCormick voting common stock, payable in shares according to the plan’s terms, functioning as deferred, plan‑based equity compensation.
What role does Brendan M. Foley hold at McCormick (MKC) in this filing?
Brendan M. Foley is identified as McCormick’s Chairman, President & CEO. The Form 4 records his equity-based compensation, including newly granted Restricted Stock Units and his reported holdings of voting and non‑voting common stock as of the reported transaction date.