Form 4: McCormick & Co. Officer Reports Acquisition of Phantom Stock

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

Summary

• Sarah Piper, Chief Human Relations Officer of McCormick & Co., filed a Form 4 disclosing a transaction involving derivative securities.
• On November 4, 2024, Piper acquired 29.794 units of phantom stock, each representing the right to receive one share of Common Stock Voting.
• The phantom stock was acquired through the Non-Qualified Retirement Savings Plan.
• The price of the derivative security is $78.18.
• Following the transaction, Piper directly owns 2,141.469 shares of Common Stock Voting and indirectly owns 2,497.373 derivative securities through the Non Qualified Retirement Savings Plan.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, indicating a neutral sentiment.

Positives

• The acquisition of phantom stock aligns the officer's interests with those of the shareholders.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates an acquisition of phantom stock, a common form of executive compensation.

Stakeholder Impact

• The acquisition of phantom stock aligns the officer's interests with those of the shareholders, potentially incentivizing performance.

Key Dates