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
- On March 11, 2025, Sarah Piper, Chief Human Relations Officer of McCormick & Co. Inc., reported a transaction involving derivative securities.
- Piper acquired 27.975 units of phantom stock, each representing the right to receive one share of McCormick's Common Stock Voting.
- The price of the derivative security was $83.18.
- Following the transaction, Piper indirectly holds 3,201.129 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: The document is a neutral regulatory filing, reporting an insider transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
This is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the holdings of company executives.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it involves phantom stock and doesn't represent a significant change in ownership.
Key Dates
| Date | Description |
|---|---|
| 03/11/2025 | Date of transaction: Sarah Piper acquired phantom stock. |
| 03/13/2025 | Date of report signature. |
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