Form 4: McCormick & Co. Executive Gregory Repas Reports Acquisition of Stock Options and Restricted Stock Units

Gregory Repas, V.P. & Controller at McCormick & Co., reports acquiring stock options and restricted stock units on March 27, 2024.

Summary

• Gregory Repas, V.P. & Controller of McCormick & Co. INC, filed a Form 4 on March 29, 2024.
• The filing reports transactions that occurred on March 27, 2024.
• Repas acquired 3,332 stock options with an exercise price of $76.03.
• These options become exercisable in thirds on the first three grant anniversaries.
• Repas also acquired 859 restricted stock units (RSUs), each representing a contingent right to receive one share of Common Stock.
• The RSUs vest in thirds beginning March 15, 2025, March 15, 2026, and March 15, 2027.
• Following these transactions, Repas directly owns 3,332 stock options and 859 restricted stock units, as well as 3,438 shares of Common Stock Voting.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing related to executive compensation. It doesn't inherently convey positive or negative sentiment about the company's performance.

Future Outlook

The restricted stock units vest in thirds over a three-year period beginning March 15, 2025, suggesting a continued employment horizon for the reporting person.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.

Stakeholder Impact

• The acquisition of stock options and restricted stock units by a company executive can be seen as a positive sign, aligning the executive's interests with those of the shareholders.

Key Dates