Kurzius updates McCormick (NYSE: MKC) 11.8% stake and 50,000-share sale
Rhea-AI Filing Summary
Lawrence E. Kurzius, Former Executive Chairman of McCormick & Company, filed Amendment No. 7 to his Schedule 13D reporting beneficial ownership of 1,944,120 shares of McCormick common stock, or 11.8% of the outstanding shares. This stake includes 1,569,277 shares that may be acquired within 60 days through vested stock options.
The filing confirms he has sole voting and dispositive power over all reported shares and no shared power. It also notes that on January 13, 2026 he exercised stock options to acquire 50,000 shares at an exercise price of $49.96 per share and then sold all 50,000 shares in an open-market transaction at $67.43 per share. Aside from this option exercise and sale, no other transactions in the past 60 days are reported.
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Insights
Kurzius updates his 11.8% McCormick stake and discloses a 50,000-share option exercise and sale.
The amendment shows Lawrence E. Kurzius continues to be a significant McCormick shareholder with 1,944,120 shares, representing 11.8% of the common stock. A large portion, 1,569,277 shares, comes from vested stock options exercisable within 60 days, indicating much of his exposure is tied to equity awards.
The filing highlights a specific recent transaction: on