Form 4: McCormick & Co. Director Kurzius Reports Stock Transactions

Director Lawrence Erik Kurzius reports disposition of shares for tax purposes and beneficial ownership of common and phantom stock.

Summary

• On February 18, 2025, Lawrence Erik Kurzius, a director at McCormick & Co. Incorporated, reported a transaction involving the disposition of 30,550 shares of common stock to cover taxes related to a previous long-term incentive plan.
• The shares were disposed of at a price of $76.96 per share.
• Following the transaction, Kurzius directly owns 246,345 shares of common stock.
• Kurzius also indirectly owns shares through various retirement and GRAT (Grantor Retained Annuity Trust) plans.
• These include 14,455.4952 shares in a 401(k) Retirement Plan, 6,574 shares each in the 2023 GRAT G and 2023 GRAT H, 5,903 shares each in the 2024 GRAT I and 2024 GRAT J, and 14,060 shares in the 2025 GRAT K.
• Additionally, Kurzius indirectly owns 31,625.995 shares of phantom stock through a Non-Qualified Retirement Savings Plan, each representing the right to receive one share of common stock.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.

Industry Context

This filing is a routine disclosure of insider transactions, which are common and expected for directors and officers of publicly traded companies. It provides transparency into the trading activities of company insiders.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it is a routine sale of shares for tax purposes by a company director.
• It provides transparency to shareholders regarding insider transactions.

Key Dates

Keywords

Form 4, insider trading, beneficial ownership, Lawrence Erik Kurzius, McCormick & Co, MKC, stock transaction, director