Form 4: McCormick & Co. CEO Acquires Phantom Stock as Part of Retirement Plan

McCormick & Co. Chairman, President & CEO, Brendan M Foley, acquired 32.932 shares of phantom stock on June 16, 2025, through the company's Non-Qualified Retirement Savings Plan.

Summary

• Brendan M Foley, Chairman, President & CEO of McCormick & Co Inc (MKC), reported an acquisition of phantom stock.
• The transaction occurred on June 16, 2025.
• Mr. Foley acquired 32.932 shares of phantom stock at a price of $73.87 per share.
• Each share of phantom stock represents the right to receive one share of Common Stock Voting.
• These shares are payable in Common Stock Voting in accordance with the terms of the Non-Qualified Retirement Savings Plan.
• Following this transaction, Mr. Foley beneficially owns 11,739.979 shares of phantom stock indirectly through the Non-Qualified Retirement Savings Plan.
• Additionally, Mr. Foley directly owns 108,652.016 shares of Common Stock Voting and 1,145.454 shares of Common Stock Non Voting.

Sentiment

Score: 5

Explanation: The filing is a routine disclosure of an executive's acquisition of phantom stock as part of a compensation plan, indicating no significant positive or negative sentiment beyond standard corporate governance.

Positives

• The acquisition of phantom stock by the Chairman, President & CEO indicates continued executive participation in the company's long-term incentive and retirement plans, aligning management interests with shareholder value.

Future Outlook

The document is a disclosure of an insider transaction and does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Management Comments

• The acquisition of phantom stock by Chairman, President & CEO Brendan M Foley is a routine transaction consistent with the terms of the company's Non-Qualified Retirement Savings Plan, reflecting ongoing executive participation in long-term compensation arrangements.

Industry Context

This Form 4 filing is a standard regulatory disclosure of an insider's equity transaction. It reflects an executive's participation in a company-sponsored retirement savings plan, which is a common practice across industries to align executive incentives with long-term company performance. It does not provide insights into broader industry trends or competitive positioning.

Related Party Transactions

• The acquisition of phantom stock by Brendan M Foley, a key executive, from McCormick & Co. Inc. is a related party transaction, specifically an executive compensation arrangement through the Non-Qualified Retirement Savings Plan.

Stakeholder Impact

• Shareholders: The transaction indicates continued alignment of executive interests with shareholder value through participation in equity-based compensation plans.
• Employees, Customers, Suppliers, Creditors: No direct impact on these stakeholders is indicated by this specific filing.

Key Dates

Keywords

McCormick & Co, MKC, Brendan M Foley, SEC Form 4, Insider Transaction, Phantom Stock, Executive Compensation, Stock Ownership, Retirement Plan