McCormick (NYSE: MKC) grants 6,313 shares to HR chief
Rhea-AI Filing Summary
McCormick & Company’s Chief Human Relations Officer, Sarah Piper, reported an equity award of company stock. On January 19, 2026, she acquired 6,313 shares of McCormick Common Stock - Voting at a price of $0 per share, granted under McCormick's Long-Term Incentive Program for the three-year performance cycle from December 1, 2022 through November 30, 2025. Following this award, she directly holds 9,615.34 shares of McCormick Common Stock - Voting. The filing also notes phantom stock interests under a Non-Qualified Retirement Savings Plan, where each phantom share represents the right to receive one share of Common Stock in accordance with the plan’s terms.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock - Voting | 6,313 | $0.00 | -- |
| holding | Phantom Stock | -- | -- | -- |
Footnotes (1)
- Shares awarded pursuant to McCormick's Long-Term Incentive Program (LTIP) for the three (3) year performance cycle beginning on December 1, 2022 and ending on November 30, 2025. 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
What insider transaction did McCormick (MKC) report for Sarah Piper?
McCormick (MKC) reported that Chief Human Relations Officer Sarah Piper received an award of 6,313 shares of Common Stock - Voting on January 19, 2026 at a grant price of $0 per share under the company’s long-term incentive program.
What role does Sarah Piper hold at McCormick (MKC)?
Sarah Piper is an officer of McCormick, serving as the company’s Chief Human Relations Officer, according to the Form 4 disclosure.
Was the McCormick (MKC) stock award to Sarah Piper a purchase or a grant?
The Form 4 shows transaction code "A" for the 6,313 shares of Common Stock - Voting, indicating an acquisition by award rather than an open-market purchase, with a reported price of $0 per share.
What does the phantom stock referenced in the McCormick (MKC) Form 4 represent?
The filing explains that each share of phantom stock represents the right to receive one share of McCormick Common Stock - Voting, payable in accordance with the terms of the Non-Qualified Retirement Savings Plan.