Form 4: McCormick & Co. Officer Reports Acquisition of Phantom Stock
SEC Form 4 Filing
Sarah Piper, Chief Human Relations Officer at McCormick & Co., reports acquiring phantom stock units convertible to common stock.
Summary
- On April 8, 2024, Sarah Piper, Chief Human Relations Officer of McCormick & Co., reported a transaction involving derivative securities.
- Piper acquired 30.767 units of phantom stock, each representing the right to receive one share of Common Stock Voting.
- The price of the derivative security was $75.63.
- Following the transaction, Piper indirectly owns 1,996.97 derivative securities through a Non-Qualified Retirement Plan.
- Piper also directly owns 2,106.191 shares of Common Stock Voting.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it is a standard regulatory filing reporting an insider transaction. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Positives
- The acquisition of phantom stock aligns the officer's interests with the company's performance.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to monitor potential alignment of interests between management and shareholders.
Key Dates
| Date | Description |
|---|---|
| 04/08/2024 | Date of the transaction involving phantom stock acquisition. |
| 04/09/2024 | Date of signature by Attorney-in-fact, Jason E. Wynn. |
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