Form 4: McCormick & Co. Director Reports Changes in Beneficial Ownership

Director Jacques Tapiero reports changes in beneficial ownership of McCormick & Co. stock, including acquisitions of restricted stock units and settlement of phantom stock units.

Summary

• Jacques Tapiero, a director of McCormick & Co. Inc., filed a Form 4 detailing changes in beneficial ownership.
• The report indicates transactions involving common stock, phantom stock units, and restricted stock units.
• Tapiero directly owns 29,102.299 shares of voting common stock and 2,620 shares of non-voting common stock.
• He also indirectly owns 2,372.886 shares of voting common stock through a Non-Qualified Retirement Savings Plan.
• On February 7, 2025, Tapiero acquired 2,222 restricted stock units, which vest in full on February 15, 2026, and will be settled in an equal number of McCormick stock shares.
• 706.94 phantom stock units were settled for an equal number of McCormick Common Stock Voting on February 23, 2025.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral.

Industry Context

This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their transactions in company stock.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the transactions of a company director.

Key Dates

Keywords

beneficial ownership, Form 4, McCormick & Co., director, stock, restricted stock units, phantom stock, MKC