Form 4: McCormick & Co. Director Jacques Tapiero Reports Stock Transactions

Director Jacques Tapiero reported acquiring and disposing of McCormick & Co. stock and phantom stock through dividend reinvestment and a non-qualified retirement savings plan.

Summary

• On July 22, 2024, Jacques Tapiero, a director of McCormick & Co. (MKC), acquired 159.928 shares of common stock at $73.29 per share through dividend reinvestment.
• Following this transaction, Tapiero directly owns 28,067.436 shares of common stock.
• Tapiero also acquired 15.294 units of phantom stock through dividend reinvestment at a price of $73.43, bringing the total indirect holdings in phantom stock to 2,689.031 units through a Non-Qualified Retirement Savings Plan.
• On September 5, 2024, Tapiero acquired 162.572 units of phantom stock at $83.04, bringing the total indirect holdings in phantom stock to 2,851.603 units through a Non-Qualified Retirement Savings Plan.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The transactions are routine and reflect participation in company-sponsored plans, indicating a degree of confidence but not necessarily a strong bullish signal.

Positives

• The director's participation in dividend reinvestment plans and retirement savings plans indicates confidence in the company's long-term prospects.

Industry Context

Insider transactions are routinely monitored to gauge executive sentiment and potential future performance of the company. Dividend reinvestments and participation in retirement plans are generally viewed positively.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they are related to insider trading activity.

Key Dates