Form 4: McCormick & Co. CEO Brendan Foley Reports Changes in Beneficial Ownership

CEO Brendan Foley reports changes in beneficial ownership of McCormick & Co. stock, including phantom stock acquired through a non-qualified retirement savings plan.

Summary

• Brendan M Foley, Chairman, President & CEO of McCormick & Co Inc, filed a Form 4 with the SEC.
• The filing reports changes in his beneficial ownership of the company's securities.
• The reported transaction date is May 5, 2025.
• 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 11,571.793 shares of phantom stock through a Non-Qualified Retirement Savings Plan.
• 32.307 shares of phantom stock were acquired on May 5, 2025, at a price of $75.3 per share.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it's a standard SEC filing reporting changes in beneficial ownership. The acquisition of phantom stock is a positive sign, but the filing itself doesn't convey strong positive or negative sentiment.

Positives

• The acquisition of phantom stock through the retirement plan suggests continued alignment of the CEO's interests with the company's performance.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. This filing indicates changes in the CEO's holdings, which is relevant to investors monitoring management's alignment with shareholder interests.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the CEO's stake in the company.
• It assures stakeholders that the CEO's interests are aligned with the company's performance through stock ownership and participation in the retirement savings plan.

Key Dates

Keywords

Form 4, Beneficial Ownership, McCormick & Co, Brendan Foley, Phantom Stock, SEC Filing, MKC, Non-Qualified Retirement Savings Plan