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 June 17, 2024, Sarah Piper, Chief Human Relations Officer of McCormick & Co. (MKC), reported a transaction involving phantom stock.
- Piper acquired 33.491 shares of phantom stock at a price of $69.48 per share.
- These shares are payable in common stock voting in accordance with the terms of the Non-Qualified Retirement Savings Plan.
- Following the transaction, Piper beneficially owns 2,171.894 derivative securities.
- Piper also directly owns 2,117.957 shares of common stock voting.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it's a standard regulatory filing regarding an insider transaction. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives receiving stock-based compensation. It provides transparency into the holdings of company insiders.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding executive compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| 06/17/2024 | Date of transaction: Sarah Piper acquired phantom stock. |
| 06/18/2024 | Date of report filing. |
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