Form 4: McCormick & Co. Director Tapiero Reports Acquisition of Phantom Stock
SEC Form 4 Filing
Director Jacques Tapiero reports acquisition of phantom stock convertible to McCormick & Co. voting common stock.
Summary
- On March 6, 2024, Jacques Tapiero, a director of McCormick & Co. Inc., reported a transaction involving phantom stock.
- Tapiero acquired 197.628 shares of phantom stock at a price of $68.31 each.
- These shares are convertible to Common Stock Voting.
- Following the transaction, Tapiero directly owns 26,500.436 shares of Common Stock Voting and 2,620 shares of Common Stock Non Voting.
- Tapiero also indirectly owns 2,478.906 derivative securities through a Non Qualified Retirement Savings Plan.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of insider trading activity. It doesn't inherently indicate positive or negative sentiment.
Industry Context
This is a routine disclosure of insider transactions, which are common and legal as long as they comply with SEC regulations. It provides transparency into the actions of company insiders.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it involves phantom stock and a relatively small number of shares.
- It provides transparency to shareholders regarding insider activity.
Key Dates
| Date | Description |
|---|---|
| 03/06/2024 | Date of transaction involving phantom stock |
| 03/07/2024 | Date of signature on the Form 4 filing |
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