McCormick & Co (NYSE: MKC) grants phantom stock to HR chief
Filing Impact
Filing Sentiment
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
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)
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Key Figures
Phantom stock units granted: 47.2270 units
Grant price per phantom unit: $53.7500 per unit
Phantom stock units after grant: 4751.3940 units
+2 more
5 metrics
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
Key Terms
Phantom Stock, Non-Qualified Retirement Savings Plan, Common Stock - Voting, grant/award acquisition
4 terms
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"
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.
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.