Form 4: McCormick & Co. Director Kurzius Exchanges Voting for Non-Voting Shares

Director Lawrence Erik Kurzius reports exchanging 25,000 shares of McCormick & Co. voting common stock for 25,000 shares of non-voting common stock on July 10, 2024.

Summary

• On July 10, 2024, Lawrence Erik Kurzius, a director at McCormick & Company, Incorporated, exchanged 25,000 shares of voting common stock for 25,000 shares of non-voting common stock.
• The transaction did not change the total number of shares beneficially owned by Mr. Kurzius, but altered the composition of his holdings.
• Following the transaction, Mr. Kurzius directly owns 199,258 shares of voting common stock.
• Mr. Kurzius also indirectly owns shares through an IRA, a 401(k) Retirement Plan, and several GRATs (Grantor Retained Annuity Trusts).

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing, reporting a routine transaction. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are standard disclosures required by the SEC for corporate insiders, providing transparency into their transactions in the company's stock. This specific transaction reflects a change in the type of shares held by the director, but not the overall amount.

Stakeholder Impact

• The transaction is unlikely to have a significant impact on stakeholders as it is an internal exchange of shares by a director.

Key Dates