Form 4: McCormick & Co. Director Kurzius Reports Stock Transactions
SEC Form 4 Filing
Director Lawrence Erik Kurzius reports transactions involving McCormick & Co. stock, including acquisitions and disposals, as per a Form 4 filing.
Summary
- Lawrence Erik Kurzius, a director at McCormick & Co., filed a Form 4 detailing changes in beneficial ownership of the company's stock.
- On March 15, 2025, 1,734 shares of common stock were acquired at $0, and 1,734 restricted stock units were vested.
- On March 14, 2025, 642 shares of common stock were disposed of at a price of $80.18.
- Following these transactions, Kurzius directly owns 247,437 shares of common stock.
- Kurzius also indirectly owns shares through various retirement and GRAT plans, including 14,455.4952 shares in a 401(k) Retirement Plan.
- He also indirectly owns 31,625.995 shares of phantom stock through a Non-Qualified Retirement Savings Plan.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by a company director. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Future Outlook
The restricted stock units vest in thirds over a three-year period beginning March 15, 2025, March 15, 2026 and March 15, 2027.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. This filing indicates the director's transactions in McCormick & Co. stock.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies and their insiders.
- The information provided is consistent with regulatory requirements for disclosing changes in beneficial ownership.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the trading activities of a company director.
- It can influence investor sentiment depending on the nature and volume of transactions.
Key Dates
| Date | Description |
|---|---|
| 03/14/2025 | Transaction date: Disposal of 642 shares of common stock at $80.18. |
| 03/15/2025 | Transaction date: Acquisition of 1,734 shares of common stock at $0 due to vesting of restricted stock units. |
| 03/15/2025 | Restricted Stock Units vest in thirds over a three-year period beginning March 15, 2025. |
| 03/18/2025 | Date of signature for the Form 4 filing. |
| 03/15/2026 | Second vesting date for Restricted Stock Units. |
| 03/15/2027 | Final vesting date for Restricted Stock Units. |
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