Form 4: McCormick & Co. Executive Sarah Piper Reports Stock and Phantom Stock Transactions

Chief Human Relations Officer Sarah Piper reports acquisition of common stock and phantom stock through dividend reinvestment.

Summary

• On April 22, 2024, Sarah Piper, Chief Human Relations Officer of McCormick & Co. Inc., acquired 11.766 shares of common stock at $75.1824 per share.
• The transaction was a dividend reinvestment.
• Following the transaction, Piper directly owns 2,117.957 shares of common stock.
• Piper also acquired 11.23 units of phantom stock through dividend reinvestment at a price of $74.69.
• Following the transaction, Piper indirectly owns 2,039.354 units of phantom stock through a Non-Qualified Retirement Plan.

Sentiment

Score: 5

Explanation: Neutral sentiment as the document simply reports transactions without indicating positive or negative performance.

Positives

• The acquisition of shares through dividend reinvestment indicates a continued investment in the company by the executive.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they represent routine dividend reinvestments.

Key Dates