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

Chief Human Relations Officer of McCormick & Co., Sarah Piper, reports the acquisition of phantom stock units under the company's Non-Qualified Retirement Savings Plan.

Summary

• On July 2, 2024, Sarah Piper, Chief Human Relations Officer at McCormick & Co., acquired 33.128 units of phantom stock.
• These phantom stock units are associated with the company's Non-Qualified Retirement Savings Plan.
• Each phantom stock unit represents the right to receive one share of McCormick & Co.'s Common Stock Voting.
• The price of the derivative security is $70.24.
• Following the transaction, Piper directly owns 2,117.957 shares of Common Stock Voting and indirectly owns 2,205.02 derivative securities through the Non-Qualified Retirement Savings Plan.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, indicating a neutral sentiment. It reports a routine transaction related to executive compensation.

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 of company stock and related derivatives.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders.
• It provides transparency to shareholders regarding executive compensation and alignment of interests.

Key Dates