Form 4: McCormick & Co. Executive Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Sarah Piper, Chief Human Relations Officer at McCormick & Co., reports changes in beneficial ownership of company stock, including phantom stock units.
Summary
- On August 26, 2024, Sarah Piper, Chief Human Relations Officer of McCormick & Co., filed a Form 4 to report changes in beneficial ownership.
- The report details the acquisition of 29.392 units of phantom stock, each representing the right to receive one share of Common Stock Voting.
- These phantom stock units were acquired under the Non-Qualified Retirement Savings Plan.
- The price of the derivative security is $79.17.
- Following the reported transaction, Piper directly owns 2,130.094 shares of Common Stock Voting and indirectly owns 2,340.005 derivative securities through the Non Qualified Retirement Savings Plan.
Sentiment
Score: 5
Explanation: Neutral sentiment as it is a standard reporting of insider transactions.
Positives
- The reporting of transactions is in compliance with SEC regulations.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- Provides transparency to shareholders regarding executive compensation and stock ownership.
Key Dates
| Date | Description |
|---|---|
| 08/26/2024 | Date of transaction involving phantom stock acquisition. |
| 08/27/2024 | Date of signature by Jason E. Wynn, Attorney-in-fact. |
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