Form 4: McCormick & Co. Director Tapiero Reports Acquisition of Phantom Stock

Director Jacques Tapiero reports acquiring phantom stock convertible to McCormick & Co. voting common stock through a non-qualified retirement savings plan.

Summary

• On March 7, 2025, Jacques Tapiero, a director of McCormick & Co. Inc., acquired 121.036 shares of phantom stock.
• Each share of phantom stock represents the right to receive one share of McCormick & Co. voting common stock.
• The phantom stock was acquired through a Non-Qualified Retirement Savings Plan.
• The price of the derivative security was $82.62.
• Following the transaction, Tapiero indirectly owns 2,493.922 derivative securities.
• Tapiero also directly owns 30,446.299 shares of voting common stock and 2,620 shares of non-voting common stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it's a standard regulatory filing detailing an insider transaction. It doesn't inherently indicate positive or negative sentiment about the company's performance.

Positives

• The acquisition of phantom stock by a director could be seen as a positive sign, indicating confidence in the company's future performance.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in 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 insider transaction.
• It provides transparency to shareholders regarding the actions of company directors.

Key Dates

Keywords

Form 4, insider trading, phantom stock, director, Jacques Tapiero, McCormick & Co., MKC, Non-Qualified Retirement Savings Plan