Form 4: McCormick & Co. Executive Sarah Piper Reports Changes in Beneficial Ownership

Chief Human Relations Officer Sarah Piper reports changes in beneficial ownership of McCormick & Co. stock, including phantom stock acquired through a non-qualified retirement plan.

Summary

• Sarah Piper, Chief Human Relations Officer of McCormick & Co., filed a Form 4 to report changes in her beneficial ownership of the company's stock.
• The report details the acquisition of 65.262 shares of phantom stock on May 28, 2024, through the Non-Qualified Retirement Savings Plan.
• Each share of phantom stock represents the right to receive one share of Common Stock Voting.
• The price of the derivative security (phantom stock) was $71.31.
• Following the reported transaction, Piper directly owns 2,117.957 shares of Common Stock Voting and indirectly owns 2,104.616 derivative securities (phantom stock) through the Non Qualified Retirement Plan.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing. It doesn't inherently indicate positive or negative sentiment, but rather provides information about insider transactions.

Industry Context

Form 4 filings are standard practice and provide transparency into the trading activities of company insiders, which is important for maintaining market confidence.

Stakeholder Impact

• Shareholders can use this information to understand insider sentiment and potential future stock performance.

Key Dates