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

Chief Human Relations Officer Sarah Piper reports acquiring phantom stock convertible to common stock in McCormick & Co. through a non-qualified retirement plan.

Summary

• On April 22, 2024, Sarah Piper, Chief Human Relations Officer of McCormick & Co. (MKC), reported a transaction involving derivative securities.
• Piper acquired 31.154 shares of phantom stock at a price of $74.69 each.
• These shares are payable in shares of Common Stock Voting in accordance with the terms of the Non-Qualified Retirement Savings Plan.
• Following the transaction, Piper directly owns 2,106.191 shares of Common Stock Voting and indirectly owns 2,028.124 derivative securities through a Non Qualified Retirement Plan.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing. It doesn't convey any particular positive or negative sentiment about the company's performance or prospects.

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 phantom stock and not a direct sale or purchase of common stock on the open market.

Key Dates