Form 4: McCormick & Co. CEO Brendan Foley Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Chairman, President, and CEO of McCormick & Co., Brendan M. Foley, reports changes in beneficial ownership of company stock and phantom stock units.
Summary
- Brendan M. Foley, Chairman, President, and CEO of McCormick & Co., filed a Form 4 with the SEC.
- The filing reports changes in his beneficial ownership of McCormick & Co. stock and derivative securities.
- These changes include dividend reinvestments and acquisitions of phantom stock units through the Non-Qualified Retirement Savings Plan.
- As of the report, Foley directly owns 108,652.016 shares of Common Stock Voting and 1,145.451 shares of Common Stock Non Voting.
- He also indirectly owns 10,311.297 phantom stock units and 11,389.841 phantom stock units through the Non Qualified Retirement Savings Plan.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting changes in beneficial ownership, which is neutral in sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Comparison to Industry Standards
- Comparing Foley's holdings and transactions to those of executives at similar companies like Nestle, Unilever, and Kraft Heinz would provide a benchmark for assessing his level of investment in McCormick.
- Reviewing the types of compensation packages offered to executives at these companies, including the use of phantom stock and retirement savings plans, would offer further context.
- Analyzing the frequency and size of insider transactions at these peer companies could reveal broader trends in executive compensation and stock ownership.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the CEO's stake in the company.
- It offers insights into executive compensation and alignment with shareholder interests.
Key Dates
| Date | Description |
|---|---|
| 02/27/2025 | Date of transaction involving phantom stock dividend reinvestment. |
| 02/28/2025 | Date of transaction involving acquisition of phantom stock units. |
| 03/04/2025 | Date of signature on the Form 4 filing. |
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