Form 4: McCormick & Co. President & CEO Brendan M. Foley Reports Acquisition of Phantom Stock

President and CEO of McCormick & Co., Brendan M. Foley, reports the acquisition of phantom stock units convertible to voting common stock.

Summary

• Brendan M. Foley, President & CEO of McCormick & Co. Inc., filed a Form 4 on August 27, 2024, reporting a transaction.
• The transaction involved the acquisition of 29.392 units of phantom stock, each representing the right to receive one share of Common Stock Voting, on August 26, 2024.
• These phantom stock units were acquired through the Non-Qualified Retirement Savings Plan at a price of $79.17 per unit.
• Following the reported transaction, Foley beneficially owns 9,477.919 derivative securities (phantom stock) indirectly through the Non Qualified Retirement Savings Plan.
• Foley also directly owns 99,222.133 shares of voting common stock and 1,140.63 shares of non-voting common stock.

Sentiment

Score: 6

Explanation: Neutral sentiment as it's a routine filing. The acquisition of phantom stock could be seen as slightly positive, but it's not a major event.

Positives

• The acquisition of phantom stock by the CEO could be interpreted as a positive sign, indicating confidence in the company's future performance.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the CEO's holdings in the company.

Key Dates