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

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 May 20, 2025, Piper acquired 32.782 units of phantom stock, each representing the right to receive one share of McCormick & Co. common stock.
• The phantom stock was acquired at a price of $74.21 per unit.
• Following the transaction, Piper directly owns 3,259.98 shares of common stock and indirectly owns 3,360.25 derivative securities through the Non-Qualified Retirement Savings Plan.

Sentiment

Score: 5

Explanation: Neutral sentiment as it's a standard regulatory filing reporting an executive's stock transaction.

Positives

• The acquisition of phantom stock aligns the executive's interests with those of the shareholders.
• The phantom stock is payable in shares of Common Stock Voting in accordance with the terms of the Non-Qualified Retirement Savings Plan.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding executive compensation and alignment of interests.

Key Dates

Keywords

Form 4, phantom stock, derivative securities, insider trading, McCormick & Co., Sarah Piper, MKC, Non-Qualified Retirement Savings Plan