Form 4: McCormick & Co. Executive Reports Acquisition of Phantom Stock

Sarah Piper, Chief Human Relations Officer at McCormick & Co., reports acquiring phantom stock units convertible to common stock through a non-qualified retirement savings plan.

Summary

• On April 7, 2025, Sarah Piper, Chief Human Relations Officer of McCormick & Co., reported a transaction involving derivative securities.
• Piper acquired 32.91 units of phantom stock, each representing the right to receive one share of McCormick's Common Stock Voting.
• The phantom stock was acquired through the Non-Qualified Retirement Savings Plan.
• The price of the derivative security was $73.92.
• Following the reported transaction, Piper indirectly owns 3,263.042 derivative securities.
• Piper also directly owns 3,259.98 shares of Common Stock Voting.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing, reporting a routine transaction. It doesn't inherently convey positive or negative sentiment.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company executives and their holdings in the company's stock.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it involves phantom stock and is part of executive compensation.

Key Dates

Keywords

Form 4, McCormick & Co, Sarah Piper, Phantom Stock, Derivative Securities, Non-Qualified Retirement Savings Plan, Insider Trading, MKC