[Form 4] MCCORMICK & CO INC Insider Trading Activity

Rhea-AI Filing Summary

McCormick & Co. insider Form 4: Sarah Piper, Chief Human Relations Officer, reported transactions dated 09/22/2025. The filing shows a disposition of 3,286.672 shares of Common Stock - Voting (listed as a D transaction) and an acquisition of 37.64 units of Phantom Stock on the same date. Each Phantom Stock unit represents the right to receive one share of Common Stock - Voting and is payable under the companys Non-Qualified Retirement Savings Plan. The Phantom Stock acquisition lists an attributable price of $64.63 per share and results in 3,711.578 shares beneficially owned indirectly under the plan following the reported transactions. The form is signed by Jason E. Wynn, Attorney-in-fact, on 09/24/2025.

Positive

• Acquisition recorded: 37.64 units of Phantom Stock acquired that are payable in Common Stock under the Non-Qualified Retirement Savings Plan
• Clear disclosure: Filing specifies the price per underlying share ($64.63) and resulting indirect beneficial ownership (3,711.578 shares)

Negative

• Disposition reported: 3,286.672 shares of Common Stock - Voting were disposed of on 09/22/2025
• Limited context: The filing does not state the reason for the disposition or whether it was part of a pre-planned sale

Insights

Securities Analyst

TL;DR: Officer reported a large open-market disposition and a small plan-based phantom stock accrual; net insider holdings remain material.

The filing documents a disposition of 3,286.672 common shares and a simultaneous accrual of 37.64 Phantom Stock units payable in common shares under the Non-Qualified Retirement Savings Plan. The Phantom Stock carries an attributable price of $64.63 and contributes to an indirect beneficial ownership total of 3,711.578 shares post-transaction. For investors, such Form 4 entries clarify insider activity and plan-based compensation flows but do not provide context on whether the disposition was part of a planned sale or for other purposes because the form lists only the transaction codes and resulting holdings.

Corporate Governance Expert

TL;DR: This disclosure reflects routine officer compensation and a reported share disposal; documentation complies with Section 16 reporting.

The report identifies the reporting person as the Chief Human Relations Officer and discloses both a sale/disposition of shares and an acquisition of Phantom Stock tied to the company's retirement plan. The explanatory note clarifies that each Phantom Stock unit equals one share of voting common stock payable under plan terms, indicating these derivative units are plan-based rather than market options. The filing includes the signature by an attorney-in-fact, consistent with authorized filing practice. No additional governance concerns or regulatory flags are stated in the document.

SEC Form 4

FORM 4

UNITED 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).

1. Name and Address of Reporting Person^*

Piper Sarah

(Last) (First) (Middle)

24 SCHILLING ROAD

SUITE 1

(Street)

HUNT VALLEY MD 21031

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
MCCORMICK & CO INC [ MKC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Human Relations Officer

3. Date of Earliest Transaction (Month/Day/Year)
09/22/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock - Voting								3,286.672	D

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Phantom Stock	(1)	09/22/2025		A		37.64		(1)	(1)	Common Stock - Voting	37.64	$64.63	3,711.578	I	Non 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.

	Jason E. Wynn, Attorney-in-fact	09/24/2025
	** Signature of Reporting Person	Date
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.

FAQ

What did the MKC Form 4 filed for Sarah Piper report?

The Form 4 reports a disposition of 3,286.672 shares of Common Stock - Voting and an acquisition of 37.64 Phantom Stock units on 09/22/2025.

How many shares does Sarah Piper beneficially own after the transactions in the filing?

The filing shows 3,711.578 shares beneficially owned indirectly under the Non-Qualified Retirement Savings Plan following the reported transactions.

What is Phantom Stock according to this Form 4?

The filing explains each Phantom Stock unit represents the right to receive one share of Common Stock - Voting and is payable under the company's Non-Qualified Retirement Savings Plan.

What price is associated with the Phantom Stock in the filing?

The Phantom Stock is reported with an attributable price of $64.63 per share.

Who signed the Form 4 for the reporting person?

The form is signed by Jason E. Wynn, Attorney-in-fact, dated 09/24/2025.