Form 4: McCormick & Co. Executive Andrew Foust Reports Stock Transactions
SEC Form 4
Andrew Foust, President, Americas at McCormick & Co., reports the vesting and subsequent disposal of restricted stock units on March 15, 2024.
Summary
- On March 15, 2024, Andrew Foust, President, Americas at McCormick & Co., engaged in transactions involving common stock and restricted stock units.
- Foust acquired shares through the vesting of restricted stock units and simultaneously disposed of shares to cover tax obligations.
- The transactions involved both voting and non-voting common stock.
- Following these transactions, Foust directly owns 5,227.783 shares of voting common stock and 318.432 shares of non-voting common stock.
- Foust also holds derivative securities in the form of 1,066 restricted stock units.
Sentiment
Score: 5
Explanation: This is a neutral event. It's a standard reporting of insider transactions related to stock options and tax obligations.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC when company insiders, like Andrew Foust, trade their company's stock. It provides transparency to the market regarding the transactions of company executives.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they are related to executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/31/2021 | Restricted Stock Units granted |
| 03/15/2022 | First vesting date for some Restricted Stock Units |
| 03/30/2022 | Restricted Stock Units granted |
| 03/15/2023 | Second vesting date for some Restricted Stock Units |
| 03/29/2023 | Restricted Stock Units granted |
| 03/15/2024 | Date of reported transactions: vesting of restricted stock units and disposal of shares for tax obligations; Third vesting date for some Restricted Stock Units |
| 03/19/2024 | Date of signature on the Form 4 filing |
| 03/15/2025 | Future vesting date for some Restricted Stock Units |
| 03/15/2026 | Future vesting date for some Restricted Stock Units |
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