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McCormick & Co (NYSE: MKC) grants phantom stock to HR chief

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Piper Sarah reported acquisition or exercise transactions in this Form 4 filing.

McCormick & Co. Chief Human Relations Officer Sarah Piper received a grant of 47.2270 phantom stock units on July 13, 2026 at $53.7500 per unit under a Non-Qualified Retirement Savings Plan. Each unit represents the right to receive one share of Common Stock - Voting and is payable in stock under the plan’s terms.

Following this award, Piper holds 4751.3940 phantom stock units indirectly through the plan and 9037.9400 shares of Common Stock - Voting directly.

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Insider Piper Sarah
Role Chief Human Relations Officer
Type Security Shares Price Value
Grant/Award Phantom Stock 47.227 $53.75 $3K
holding Common Stock - Voting -- -- --
Holdings After Transaction: Phantom Stock — 4,751.394 shares (Indirect, Non Qualified Retirement Savings Plan); Common Stock - Voting — 9,037.94 shares (Direct)
Footnotes (1)
  1. [object Object]
Phantom stock units granted 47.2270 units Grant to Chief Human Relations Officer Sarah Piper on 2026-07-13
Grant price per phantom unit $53.7500 per unit Price for phantom stock grant on 2026-07-13
Phantom stock units after grant 4751.3940 units Total phantom stock under Non-Qualified Retirement Savings Plan after transaction
Common shares held directly 9037.9400 shares Direct holdings of Common Stock - Voting following reported transactions
Derivative transactions reported 1 Number of derivative-type transactions (phantom stock) in this Form 4
Phantom Stock financial
"Each share of phantom stock represents the right to receive one share"
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
"Shares of Phantom Stock are payable in shares in accordance with the terms of the Non-Qualified Retirement Savings Plan"
Common Stock - Voting financial
"Each share of phantom stock represents the right to receive one share of Common Stock - Voting"
grant/award acquisition financial
"Transaction code A is described as a grant, award, or other acquisition"
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FAQ

What insider transaction did McCormick (MKC) report for Sarah Piper?

McCormick reported that CHRO Sarah Piper received a grant of 47.2270 phantom stock units at $53.7500 per unit on July 13, 2026 under a Non-Qualified Retirement Savings Plan, tied to the company’s Common Stock - Voting.

How many phantom stock units does Sarah Piper hold after the latest McCormick (MKC) Form 4?

After the reported grant, Sarah Piper holds 4751.3940 phantom stock units indirectly through McCormick’s Non-Qualified Retirement Savings Plan. Each unit represents the right to receive one share of Common Stock - Voting, payable in stock under the plan’s terms.

What does the phantom stock award for McCormick (MKC) executive Sarah Piper represent?

Each phantom stock unit awarded to Sarah Piper represents the right to receive one share of Common Stock - Voting. These units are payable in shares in accordance with the terms of McCormick’s Non-Qualified Retirement Savings Plan, functioning as deferred equity compensation.

What are Sarah Piper’s direct common share holdings in McCormick (MKC)?

Following the reported transactions, Sarah Piper directly holds 9037.9400 shares of McCormick Common Stock - Voting. This common stock position is separate from her indirect phantom stock units held through the Non-Qualified Retirement Savings Plan.

Is the McCormick (MKC) phantom stock grant to Sarah Piper an open-market purchase or a compensation award?

The 47.2270 phantom stock units reported for Sarah Piper are a grant/award acquisition, not an open-market purchase. The Form 4 classifies the transaction under code A, indicating a compensation-related grant linked to the company’s retirement savings plan.

How is Sarah Piper’s phantom stock in McCormick (MKC) held according to the Form 4?

Sarah Piper’s phantom stock is held indirectly through a Non-Qualified Retirement Savings Plan. The Form 4 notes that these units are payable in McCormick Common Stock - Voting in accordance with the plan’s terms, providing deferred equity-based exposure.
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Piper Sarah

(Last)(First)(Middle)
24 SCHILLING ROAD
SUITE 1

(Street)
HUNT VALLEY MARYLAND 21031

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
MCCORMICK & CO INC [ MKC ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Human Relations Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
07/13/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock - Voting9,037.94D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Phantom Stock(1)07/13/2026A47.227 (1) (1)Common Stock - Voting47.227$53.754,751.394INon Qualified Retirement Savings Plan
Explanation of Responses:
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.
Jeffery D. Schwartz, Attorney-in-fact07/15/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)