Form 4: McCormick & Co. Executive Sarah Piper Reports Acquisition of Phantom Stock
SEC Form 4 Filing
Chief Human Relations Officer Sarah Piper reports acquiring phantom stock units convertible to McCormick & Co. common stock.
Summary
- Sarah Piper, Chief Human Relations Officer at McCormick & Co., filed a Form 4 indicating a transaction involving derivative securities.
- On March 10, 2025, Piper acquired 27.639 units of phantom stock, each representing the right to receive one share of Common Stock Voting.
- The price of the derivative security is $84.19.
- Following the reported transaction, Piper indirectly owns 3,173.155 derivative securities through the Non-Qualified Retirement Savings Plan.
- Piper also directly owns 3,118.98 shares of Common Stock Voting.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing, indicating a neutral sentiment. It reflects standard insider trading activity.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests between management and shareholders.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| 03/10/2025 | Date of transaction: acquisition of phantom stock. |
| 03/11/2025 | Date of signature by Attorney-in-fact. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.