Form 4: McCormick CEO Increases Stake with Stock Acquisitions

McCormick & Co. CEO Brendan M. Foley reported acquisitions of common stock and phantom stock, increasing his beneficial ownership.

Summary

• Brendan M. Foley, Chairman, President & CEO of McCormick & Co Inc (MKC), reported changes in his beneficial ownership of company securities.
• Foley acquired 202 shares of non-voting common stock on December 8, 2025, at a price of $64.11 per share through McCormick's Employee Stock Purchase Plan.
• He also acquired 70.873 shares of phantom stock on December 17, 2025, at a price of $68.65 per share, which are payable in voting common stock under the Non-Qualified Retirement Savings Plan.
• Following these transactions, Foley directly owns 108,838.016 shares of voting common stock and 1,353.457 shares of non-voting common stock.
• Indirectly, he beneficially owns 12,359.402 shares of phantom stock through the Non-Qualified Retirement Savings Plan.

Sentiment

Score: 7

Explanation: The sentiment is moderately positive as the CEO is increasing his stake in the company, which generally signals confidence. However, these are relatively small acquisitions and appear to be part of routine compensation plans, not a significant open-market purchase, thus not warranting a very high score.

Positives

• The CEO's acquisition of additional shares, both common stock and phantom stock, indicates continued confidence in the company's future prospects and aligns management's interests with those of shareholders.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

This insider transaction report reflects a routine change in beneficial ownership for a key executive within the consumer staples sector. Such transactions are common and generally reflect individual compensation plans or personal investment decisions rather than broader industry trends.

Related Party Transactions

• Acquisition of 202 non-voting shares through McCormick's Employee Stock Purchase Plan.
• Acquisition of 70.873 phantom stock shares under the Non-Qualified Retirement Savings Plan.

Stakeholder Impact

• Shareholders: Increased alignment of management's interests with shareholders due to increased beneficial ownership by the CEO.
• Employees: The Employee Stock Purchase Plan and Non-Qualified Retirement Savings Plan are benefits for employees, including executives, fostering a sense of ownership.

Key Dates

Keywords

McCormick & Co, MKC, Brendan M. Foley, Insider Transaction, Form 4, Stock Acquisition, Beneficial Ownership, CEO, Employee Stock Purchase Plan, Phantom Stock