Form 4: McCormick & Co. President & CEO Brendan M. Foley Reports Stock Acquisitions

Brendan M. Foley, President & CEO of McCormick & Co., reports acquisitions of common stock and phantom stock through dividend reinvestment and a non-qualified retirement savings plan.

Summary

• On July 22, 2024, Brendan M. Foley acquired 46.274 shares of common stock (voting) at $73.29 per share and 2.351 shares of common stock (non-voting) at $73.29 per share through dividend reinvestment.
• On the same date, Foley also acquired 53.205 units of phantom stock, representing the right to receive common stock (voting), at a price of $73.43 per unit through dividend reinvestment.
• On July 29, 2024, Foley acquired 30.569 units of phantom stock at $76.12 per unit through a non-qualified retirement savings plan.
• Following these transactions, Foley directly owns 99,222.133 shares of common stock (voting) and 1,140.63 shares of common stock (non-voting).
• Foley also indirectly owns 9,418.103 units of phantom stock through a non-qualified retirement savings plan.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It reflects routine transactions by an executive, which doesn't necessarily indicate a strong positive or negative outlook for the company.

Positives

• The CEO's continued investment in the company's stock, through dividend reinvestment and participation in the retirement savings plan, could be seen as a positive signal.

Industry Context

Form 4 filings are routine disclosures for corporate insiders and provide transparency into their trading activities. These filings are closely watched by investors for signals about management's confidence in the company's prospects.

Stakeholder Impact

• The transactions may have a minor positive impact on shareholder sentiment due to the CEO's continued investment in the company.

Key Dates