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

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

Summary

• Sarah Piper, Chief Human Relations Officer at McCormick & Co., filed a Form 4 indicating changes in beneficial ownership.
• The report details the acquisition of 29.003 shares of phantom stock on March 25, 2025, at a price of $80.23 per share.
• These shares are payable in common stock according to the terms of the Non-Qualified Retirement Savings Plan.
• Following the transaction, Piper directly owns 3,259.98 shares of Common Stock Voting.
• Piper also indirectly owns 3,230.132 derivative securities through the Non Qualified Retirement Savings Plan.

Sentiment

Score: 6

Explanation: Neutral sentiment as it's a routine filing related to executive compensation. The acquisition of phantom stock can be seen as a positive sign, but it's not a major event.

Positives

• The acquisition of phantom stock suggests confidence in the company's future performance.

Industry Context

Executive compensation through stock and phantom stock is a common practice in publicly traded companies to align management's interests with those of shareholders.

Comparison to Industry Standards

• Many companies in the food and beverage industry, such as Nestle, Unilever, and Kraft Heinz, utilize similar stock-based compensation plans for their executives.
• These plans often include stock options, restricted stock units, and phantom stock to incentivize long-term performance and retention.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns executive interests with company performance.

Key Dates

Keywords

Form 4, Beneficial Ownership, Phantom Stock, McCormick & Co., Sarah Piper, Non-Qualified Retirement Savings Plan, MKC, Executive Compensation