Form 4: McCormick & Co. Executive Schwartz Reports Stock Disposal for Tax Obligations

Jeffery D. Schwartz, Vice President and General Counsel of McCormick & Co., reports disposing of 6,404 shares of common stock to cover tax obligations related to the company's Long-Term Incentive Plan.

Summary

• On February 18, 2025, Jeffery D. Schwartz, Vice President and General Counsel of McCormick & Co., disposed of 6,404 shares of common stock.
• The disposal was conducted to cover tax obligations related to shares previously reported on January 29, 2025, under McCormick's Long-Term Incentive Plan.
• The price per share for the transaction was $76.96.
• Following the transaction, Schwartz directly owns 69,958 shares of common stock and 246 shares of non-voting common stock.

Sentiment

Score: 5

Explanation: The document describes a routine transaction related to executive compensation and tax obligations, which is neutral in sentiment.

Industry Context

Executive stock transactions are a normal part of corporate governance and compensation practices. Disposals to cover tax obligations are common, especially after vesting of equity awards.

Stakeholder Impact

• The transaction has a minimal direct impact on shareholders, as it is a standard procedure for covering tax obligations.

Key Dates

Keywords

Form 4, insider trading, stock disposal, Jeffery D. Schwartz, McCormick & Co., MKC, Long-Term Incentive Plan, tax obligations, executive compensation