Form 4: McCormick & Co. Director Thomas Terry S. Reports Stock Unit Activity
SEC Form 4 Filing
Director Thomas Terry S. of McCormick & Co. reports the vesting of restricted stock units into common stock on March 15, 2025.
Summary
- On March 15, 2025, Thomas Terry S., a director at McCormick & Co. (MKC), reported a transaction involving restricted stock units.
- The transaction involved the vesting of 1,344 restricted stock units, which converted into 1,344 shares of common stock.
- Following the transaction, Thomas Terry S. directly owns 1,733.695 shares of McCormick & Co. common stock.
- The restricted stock units were granted on March 27, 2024, and entitle the reporting person to an annual distribution of common stock equal to 100% of the grant.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing regarding stock unit vesting, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the vesting of previously granted equity compensation.
Stakeholder Impact
- The transaction has a minor dilutive effect on existing shareholders due to the issuance of new shares.
Key Dates
| Date | Description |
|---|---|
| 03/27/2024 | Date the Restricted Stock Units were granted |
| 03/15/2025 | Date of transaction: vesting of restricted stock units |
| 03/18/2025 | Date of Form 4 signature |
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