MKC.NYSEMccormick & CO INC

Form 4: McCormick & Co. Executive Brendan M. Foley Reports Changes in Beneficial Ownership

Sentiment:

SEC Form 4 Filing

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Chairman, President, and CEO Brendan M. Foley reports changes in beneficial ownership of McCormick & Co. stock, including phantom stock acquired through a non-qualified retirement savings plan.

Summary

  • Brendan M. Foley, Chairman, President, and CEO of McCormick & Co., filed a Form 4 with the SEC.
  • The report details changes in his beneficial ownership of McCormick & Co. stock.
  • On March 10, 2025, Foley acquired 27.639 shares of phantom stock through the Non-Qualified Retirement Savings Plan at a price of $84.19 per share.
  • Following the transaction, Foley beneficially owns 108,652.016 shares of Common Stock Voting directly and 1,145.451 shares of Common Stock Non Voting directly.
  • He also indirectly owns 11,417.479 shares of phantom stock through the Non-Qualified Retirement Savings Plan.

Sentiment

Score: 5

Explanation: This is a routine filing reflecting standard compensation practices and does not inherently indicate positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates changes in the holdings of McCormick's CEO, which is relevant to investors tracking management's stake in the company.

Stakeholder Impact

  • Shareholders may be interested in tracking the ownership stake of key executives like the CEO.

Key Dates

DateDescription
03/10/2025Date of transaction: Acquisition of phantom stock.
03/11/2025Date of signature by Attorney-in-Fact.

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