Form 4: McCormick & Co. President & CEO Brendan M. Foley Reports Changes in Beneficial Ownership

Brendan M. Foley, President & CEO of McCormick & Co., reports changes in beneficial ownership of company stock, including the acquisition of phantom stock units.

Summary

• Brendan M. Foley, the President & CEO of McCormick & Co., filed a Form 4 with the SEC on June 18, 2024.
• The report details changes in his beneficial ownership of McCormick & Co. stock.
• Foley directly owns 99,175.859 shares of Common Stock Voting and 1,138.279 shares of Common Stock Non Voting.
• He also indirectly owns 9,269.215 derivative securities through a Non-Qualified Retirement Savings Plan.
• On June 17, 2024, Foley acquired 33.49 units of Phantom Stock, each representing the right to receive one share of Common Stock Voting, at a price of $69.48.
• These shares are payable in shares of Common Stock Voting in accordance with the terms of the Non-Qualified Retirement Savings Plan.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting changes in beneficial ownership, which is neutral in sentiment.

Positives

• The report indicates continued investment in the company by its President & CEO through the acquisition of phantom stock.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. This filing is specific to McCormick & Co. and its executive, Brendan M. Foley.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the stock ownership of the company's President & CEO.

Key Dates