Form 4: McCormick CEO Foley Boosts Phantom Stock Holdings

McCormick & Co. CEO Brendan M. Foley reported an acquisition of phantom stock and updated his beneficial ownership of common stock.

Summary

• Brendan M. Foley, Chairman, President & CEO of McCormick & Co. Inc. (MKC), filed a Form 4 statement.
• The filing details changes in beneficial ownership as of September 22, 2025.
• Foley acquired 37.64 units of phantom stock at a price of $64.63 per unit.
• Each phantom stock unit represents the right to receive one share of Common Stock Voting.
• Following the reported transactions, Foley directly owns 108,652.016 shares of Common Stock Voting and 1,145.457 shares of Common Stock Non Voting.
• Foley indirectly owns 12,058.348 shares of phantom stock through a Non-Qualified Retirement Savings Plan.

Sentiment

Score: 6

Explanation: The filing is a routine disclosure of executive ownership changes, including the acquisition of phantom stock, which aligns executive interests with shareholder value. This is generally viewed as a neutral to slightly positive signal.

Positives

• Acquisition of phantom stock by the CEO indicates continued alignment of management's interests with shareholder value through equity-linked compensation.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: Increased alignment of the CEO's interests with shareholder value through equity-linked compensation.

Key Dates

Recommendation

This Form 4 filing is a routine disclosure of an executive's beneficial ownership changes, including the acquisition of phantom stock as part of a compensation plan. It does not contain information that would fundamentally alter the investment thesis for McCormick & Co. Inc. and therefore does not warrant a change in existing investment recommendations.

Keywords

McCormick, MKC, Brendan Foley, Insider Trading, Form 4, Phantom Stock, Executive Compensation, Beneficial Ownership, Common Stock