Form 4: McCormick & Co. President & CEO Brendan M. Foley Reports Changes in Beneficial Ownership
SEC Filing
President and CEO of McCormick & Co., Brendan M. Foley, reports changes in beneficial ownership of company stock, including acquisitions of phantom stock.
Summary
- Brendan M. Foley, President & CEO of McCormick & Co. Inc., filed a Form 4 with the SEC on October 9, 2024.
- The report details changes in his beneficial ownership of McCormick & Co. securities.
- Foley directly owns 99,222.133 shares of Common Stock Voting and 1,140.63 shares of Common Stock Non Voting.
- He also indirectly owns 9,562.969 derivative securities in the form of Phantom Stock through a Non Qualified Retirement Savings Plan.
- On October 7, 2024, Foley acquired 29.313 shares of Phantom Stock at a price of $79.38 per share.
Sentiment
Score: 5
Explanation: Neutral sentiment as the document is a standard regulatory filing detailing changes in beneficial ownership.
Positives
- The acquisition of phantom stock may indicate a positive outlook by the CEO.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives.
Stakeholder Impact
- Shareholders may be interested in the trading activity of company executives as an indicator of company performance.
Key Dates
| Date | Description |
|---|---|
| 10/07/2024 | Date of transaction involving phantom stock acquisition |
| 10/09/2024 | Date of Form 4 filing |
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