Form 4: McCormick & Co. Director Reports Stock Transactions
SEC Form 4 Filing
Director Michael D. Mangan reports acquisition of voting common stock and holdings in restricted stock units.
Summary
- On March 15, 2024, Michael D. Mangan, a director of McCormick & Co. Inc., reported a transaction involving the acquisition of 1,255 shares of voting common stock.
- Following the transaction, Mangan directly owns 40,436 shares of voting common stock and 4,234 shares of non-voting common stock.
- The transaction also involved restricted stock units, entitling Mangan to an annual distribution of common stock equal to 100% of the grant.
- The restricted stock units were granted on March 29, 2023.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for directors of publicly traded companies.
Stakeholder Impact
- The transaction may have a minor impact on shareholders due to the change in ownership.
Key Dates
| Date | Description |
|---|---|
| 03/29/2023 | Date of Restricted Stock Units grant |
| 03/15/2024 | Date of stock transaction |
| 03/19/2024 | Date of report signature |
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