Form 4: McCormick & Co. President & CEO Brendan M. Foley Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Brendan M. Foley, President & CEO of McCormick & Co., reports changes in beneficial ownership of company stock and phantom stock as of February 23, 2024.
Summary
- Brendan M. Foley, President & CEO of McCormick & Co., filed a Form 4 with the SEC on February 27, 2024.
- The report details changes in his beneficial ownership of McCormick & Co. securities.
- As of the latest transaction, Foley directly owns 99,130.411 shares of Common Stock Voting and 1,129.463 shares of Common Stock Non Voting.
- He also indirectly owns 8,878.562 derivative securities (Phantom Stock) through the Non-Qualified Retirement Savings Plan.
- On February 23, 2024, Foley acquired 1,378.273 shares of Phantom Stock at a price of $68.08.
Sentiment
Score: 5
Explanation: This is a routine filing, indicating standard insider activity. It doesn't inherently suggest positive or negative sentiment, but rather provides information for investors to interpret.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests between management and shareholders.
Stakeholder Impact
- Shareholders can use this information to understand the alignment of management's interests with their own.
- The filing provides transparency into insider transactions, which can influence investor confidence.
Key Dates
| Date | Description |
|---|---|
| 02/23/2024 | Date of transaction involving Phantom Stock acquisition. |
| 02/27/2024 | Date of Form 4 filing with the SEC. |
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