Form 4: McCormick CEO Foley Boosts Phantom Stock Holdings

McCormick & Co. Chairman, President & CEO Brendan M. Foley reported an acquisition of phantom stock and updated his direct and indirect beneficial ownership.

Summary

• Brendan M. Foley, Chairman, President & CEO of McCormick & Co. (MKC), filed a Form 4 detailing changes in his beneficial ownership.
• The filing reports an acquisition of 38.377 shares of phantom stock on March 10, 2026.
• Each share of phantom stock represents the right to receive one share of Common Stock Voting.
• The phantom stock was acquired at a price of $63.39 per share and is payable in Common Stock Voting in accordance with the Non-Qualified Retirement Savings Plan.
• Following this transaction, Foley directly owns 130,056.016 shares of Common Stock Voting and 1,383.46 shares of Common Stock Non Voting.
• Foley indirectly owns 12,949.963 shares of phantom stock through the Non-Qualified Retirement Savings Plan.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a moderately positive signal, as an acquisition of phantom stock by a top executive generally indicates continued confidence in the company's performance and aligns management's interests with shareholders.

Positives

• Chairman, President & CEO Brendan M. Foley acquired 38.377 shares of phantom stock, indicating continued participation in the company's equity plans and potential confidence in future performance.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that insider transactions, particularly acquisitions, can sometimes signal management's confidence in the company's future prospects, aligning executive interests with shareholders.

Related Party Transactions

• Acquisition of phantom stock through the company's Non-Qualified Retirement Savings Plan.

Stakeholder Impact

• Shareholders: May view the executive's increased equity interest as a positive sign of alignment with shareholder value.

Key Dates

Recommendation

The acquisition of phantom stock by the Chairman, President & CEO, Brendan M. Foley, indicates continued executive confidence and alignment with shareholder interests. While the transaction size is modest, it reinforces a 'hold' recommendation for existing investors, suggesting no immediate negative signals from top management.

Keywords

McCormick, MKC, insider trading, Form 4, phantom stock, executive compensation, beneficial ownership