Director at McCormick (NYSE: MKC) gains 2,222 shares through RSU exercise
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
MCCORMICK & CO INC director Michael Aaron Conway reported an exercise and conversion of restricted stock units into common shares. On February 15, 2026, 2,222 Restricted Stock Units were converted at a price of $0.00 per unit, reflecting that no purchase price was required.
The transaction delivered 2,222 shares of Common Stock - Voting, increasing his directly held common stock to 18,852 shares after the transaction. The footnotes state these Restricted Stock Units entitle him to receive an annual distribution of common stock equal to 100% of the grant and were originally granted on February 7, 2025.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,222 shares exercised/converted
Mixed
2 txns
Insider
Conway Michael Aaron
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 2,222 | $0.00 | -- |
| Exercise | Common Stock - Voting | 2,222 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common Stock - Voting — 18,852 shares (Direct)
Footnotes (1)
- Restricted Stock Units; No purchase price required. The reported Restricted Stock Units entitles the Reporting Person to receive an annual distribution of common stock equal to 100% of the grant. The Restricted Stock Units granted on February 7, 2025.
FAQ
What insider transaction did MKC director Michael Aaron Conway report?
Michael Aaron Conway reported exercising 2,222 Restricted Stock Units, converting them into 2,222 shares of McCormick & Co common stock. This was recorded as a derivative exercise/conversion at a price of $0.00 per unit, rather than an open-market stock purchase or sale.
Were McCormick (MKC) Restricted Stock Units exercised for cash in this filing?
No cash was paid to exercise the Restricted Stock Units in this filing. The Form 4 notes a transaction price of $0.00 per unit and specifies that no purchase price was required, meaning the director received shares without an out-of-pocket payment for the conversion.
What do the Restricted Stock Units in the MKC Form 4 entitle the director to receive?
The Restricted Stock Units entitle the director to receive an annual distribution of McCormick common stock equal to 100% of the grant. In this case, 2,222 units converted into 2,222 shares, aligning with the footnote describing the distribution terms tied to the original grant.
When were the McCormick (MKC) Restricted Stock Units originally granted to the director?
The Restricted Stock Units reported in this Form 4 were granted on February 7, 2025. The subsequent exercise and conversion into 2,222 common shares occurred on February 15, 2026, as part of the director’s equity-based compensation arrangements disclosed in the filing.
Does this McCormick (MKC) Form 4 show any insider stock sales?
The Form 4 does not report any stock sales by the director. Both transactions are coded as exercises or conversions (code M), indicating the acquisition of shares through Restricted Stock Units rather than open-market selling or disposing of existing McCormick common shares.