MKC Form 4: Officer Disposes 3,286.672 Shares, Gains 37.64 Phantom Units
McCormick & Co. insider Form 4: Sarah Piper, Chief Human Relations Officer, reported transactions dated 09/22/2025.
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
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.
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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock | 37.64 | $64.63 | $2K |
| holding | Common Stock - Voting | -- | -- | -- |
Footnotes (1)
- F1. 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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did the MKC Form 4 filed for Sarah Piper report?
What is Phantom Stock according to this Form 4?
What price is associated with the Phantom Stock in the filing?
Who signed the Form 4 for the reporting person?
AI-generated analysis. How Rhea-AI works. Not financial advice.
