Form 4: McCormick & Co. CEO Brendan Foley Reports Stock Transactions
SEC Form 4 Filing
Chairman, President, and CEO of McCormick & Co., Brendan M. Foley, reports the disposition of shares for tax purposes and holdings of common and phantom stock.
Summary
- Brendan M. Foley, Chairman, President, and CEO of McCormick & Co., filed a Form 4 detailing changes in beneficial ownership.
- On February 18, 2025, 8,721 shares of common stock were disposed of to cover taxes related to the Long-Term Incentive Plan at a price of $76.96 per share.
- Following the transaction, Foley directly owns 108,652.016 shares of common stock voting and 1,145.451 shares of common stock non-voting.
- Foley also indirectly owns 9,856.448 shares of phantom stock through the Non-Qualified Retirement Savings Plan, each representing the right to receive one share of Common Stock Voting.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates activity related to executive compensation and tax obligations.
Stakeholder Impact
- The transaction may have a minor impact on shareholders due to the change in ownership, but it is primarily related to executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 02/18/2025 | Date of stock transaction (disposal of shares for tax purposes). |
| 01/29/2025 | Date of shares previously reported for McCormick's Long-Term Incentive Plan. |
| 02/19/2025 | Date of signature by Attorney-in-Fact, Jason E. Wynn. |
Keywords
Form 4, Beneficial Ownership, McCormick & Co, MKC, Brendan Foley, Stock Transaction, Phantom Stock, Long-Term Incentive Plan
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