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 convertible to McCormick & Co. common stock through a non-qualified retirement savings plan.
Summary
- On August 12, 2024, Sarah Piper, Chief Human Relations Officer of McCormick & Co. Inc., acquired 30.426 shares of phantom stock.
- These shares are convertible to Common Stock Voting and were acquired through a Non-Qualified Retirement Savings Plan.
- The price of the derivative security was $76.48.
- Following the transaction, Piper indirectly owns 2,310.61 derivative securities.
- Piper also directly owns 2,130.094 shares of Common Stock Voting.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing. It doesn't contain information that would significantly sway investor sentiment positively or negatively.
Industry Context
This is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company executives.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it involves internal compensation mechanisms.
Key Dates
| Date | Description |
|---|---|
| 08/12/2024 | Date of transaction: Sarah Piper acquired phantom stock. |
| 08/13/2024 | Date of report signature. |
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