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

Chief Human Relations Officer of McCormick & Co., Sarah Piper, reports acquiring phantom stock units convertible to common stock.

Summary

• Sarah Piper, Chief Human Relations Officer at McCormick & Co., filed a Form 4.
• The report details the acquisition of 33.787 units of phantom stock on June 4, 2024, at a price of $68.87 per unit.
• These phantom stock units are convertible into shares of Common Stock Voting.
• Following the transaction, Piper indirectly owns 2,138.403 derivative securities through a Non-Qualified Retirement Plan.
• Piper also directly owns 2,117.957 shares of Common Stock Voting.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing. It doesn't inherently indicate positive or negative sentiment, but rather reports a transaction.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track management's sentiment and actions regarding their company's stock.

Stakeholder Impact

• The transaction provides stakeholders with insight into the actions of a key executive.

Key Dates