Form 4: McCormick & Co. Executive Repas Gregory Reports Stock Transactions
SEC Form 4 Filing
V.P. & Controller Gregory Repas reports acquisition and disposal of McCormick & Co. stock and restricted stock units on March 15, 2024.
Summary
- Gregory Repas, V.P. & Controller of McCormick & Co., filed a Form 4 detailing changes in beneficial ownership.
- On March 15, 2024, Repas acquired and disposed of common stock and restricted stock units.
- The transactions involved the vesting of restricted stock units and the subsequent disposal of shares to cover tax obligations.
- Repas's direct ownership of McCormick & Co. common stock after the reported transactions is 3,438 shares.
- The restricted stock units vest in thirds over a three-year period.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions by an executive, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. This filing indicates standard compensation practices involving stock and restricted stock units.
Key Dates
| Date | Description |
|---|---|
| 03/31/2021 | Date of grant for 135 Restricted Stock Units vesting in thirds beginning March 15, 2022. |
| 03/15/2022 | First vesting date for Restricted Stock Units granted on March 31, 2021. |
| 03/30/2022 | Date of grant for 159 Restricted Stock Units vesting in thirds beginning March 15, 2023. |
| 03/15/2023 | First vesting date for Restricted Stock Units granted on March 30, 2022. |
| 03/29/2023 | Date of grant for 266 Restricted Stock Units vesting in thirds beginning March 15, 2024. |
| 03/15/2024 | Date of transactions: acquisition and disposal of shares and vesting of restricted stock units. |
| 03/19/2024 | Date of Form 4 filing. |
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