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 common stock in McCormick & Co. through a non-qualified retirement savings plan.
Summary
- On July 15, 2024, Sarah Piper, Chief Human Relations Officer of McCormick & Co. Inc., acquired 31.985 shares of phantom stock.
- These shares are payable in Common Stock Voting in accordance with the terms of the Non-Qualified Retirement Savings Plan.
- The price of the derivative security is $72.75.
- Following the transaction, Piper beneficially owns 2,237.01 derivative securities indirectly through the Non-Qualified Retirement Savings Plan.
- Piper also directly owns 2,117.957 shares of Common Stock Voting.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, indicating a neutral sentiment. It simply reports a transaction.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company executives regarding their holdings in the company's stock.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it reflects an executive's compensation and investment in the company.
Key Dates
| Date | Description |
|---|---|
| 07/15/2024 | Date of transaction: Sarah Piper acquired phantom stock. |
| 07/16/2024 | Date of report signature. |
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