McCormick (NYSE: MKC) CFO exercises RSUs; 288 shares withheld for taxes

Rhea-AI Filing Summary

McCormick & Co. Executive VP & CFO Gabriel Marcos Mendes reported routine equity compensation activity. On March 15, 2026, he exercised restricted stock units that converted into 869 shares of Common Stock - Voting in total, at a conversion price of $0.00 per share.

To satisfy tax obligations on these vesting awards, 288 common shares were withheld and delivered at a price of $58.48 per share, classified as tax-withholding dispositions rather than open-market sales. Following these transactions, Mendes directly owns 13,514 shares of Common Stock - Voting and no restricted stock units are shown as remaining in this filing.

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

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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^*

Gabriel Marcos Mendes

(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)
	Executive VP & CFO

3. Date of Earliest Transaction (Month/Day/Year)
03/15/2026

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	03/15/2026		M		240	A	$0(1)	13,173	D
Common Stock - Voting	03/15/2026		F		79	D	$58.48	13,094	D
Common Stock - Voting	03/15/2026		M		629	A	$0(1)	13,723	D
Common Stock - Voting	03/15/2026		F		209	D	$58.48	13,514	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
Restricted Stock Units	(1)	03/15/2026		M			240	(2)	(2)	Common Stock - Voting	240	$0(3)	0	D
Restricted Stock Units	(1)	03/15/2026		M			629	(4)	(4)	Common Stock - Voting	629	$0(5)	631	D

Explanation of Responses:

1. Restricted Stock Units; No purchase price required.

2. The Restricted Stock Units vest in thirds over a three-year period beginning March 15, 2024, March 15, 2025 and March 15, 2026.

3. The Restricted Stock Units granted on March 29, 2023.

4. The Restricted Stock Units vest in thirds over a three-year period beginning March 15, 2025, March 15, 2026 and March 15, 2027.

5. The Restricted Stock Units granted on March 27, 2024.

	Jason E. Wynn, Attorney-in-Fact	03/17/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transactions did McCormick (MKC) CFO Gabriel Mendes report?

Gabriel Mendes reported exercises of restricted stock units that converted into 869 shares of McCormick Common Stock – Voting. These transactions reflect equity awards vesting and converting into stock, not open-market purchases. Part of the resulting shares was used to cover related tax obligations.

How many McCormick (MKC) shares did the CFO receive from RSU exercises?

The CFO’s restricted stock unit exercises produced 869 common shares of McCormick & Co. stock. These shares came from derivative exercises coded “M,” with a stated conversion price of $0.00, consistent with vested equity awards that do not require a cash purchase from the executive.

How many McCormick (MKC) shares were withheld for the CFO’s taxes?

A total of 288 common shares were withheld for tax obligations related to the vesting and conversion of restricted stock units. These dispositions were reported under code “F” at $58.48 per share and represent tax payments, not discretionary open-market share sales.

What are Gabriel Mendes’ McCormick (MKC) holdings after these transactions?

After the reported transactions, Gabriel Mendes directly holds 13,514 McCormick common shares. This post-transaction balance reflects both the RSU conversions into stock and the shares withheld to cover taxes, providing context on the scale of his continuing equity stake.

Were the McCormick (MKC) CFO’s transactions open-market buys or sells?

No, the transactions were RSU conversions and tax withholdings. The Form 4 shows derivative exercises coded “M” and tax-withholding dispositions coded “F,” meaning shares were issued from vested awards and some were delivered for taxes, rather than bought or sold on the open market.

How do the McCormick (MKC) CFO’s RSU vesting schedules work?

The restricted stock units vest in equal thirds over three-year periods. One grant begins vesting on March 15, 2024, 2025 and 2026, while another vests in thirds starting March 15, 2025, 2026 and 2027, aligning share delivery with these specified vesting dates.