Form 4: McCormick & Company Director Lawrence Kurzius Reports Intra-Plan Stock Transfer

Lawrence Erik Kurzius, a Director and 10% Owner of McCormick & Company, Inc. (MKC), reported an intra-plan transfer of 15,654.06 shares of common stock from his 401(k) Retirement Plan.

Summary

• Lawrence Erik Kurzius, a Director and 10% Owner of McCormick & Company, Inc. (MKC), reported a transaction on June 4, 2025.
• The transaction involved the disposition of 15,654.06 shares of Common Stock Voting from the McCormick & Company, Inc. 401(k) Retirement Plan.
• This disposition was executed as an intra-plan transfer, with the shares valued at $73.14 each at the time of the transaction.
• Following this transaction, the reporting person's beneficial ownership in the 401(k) Retirement Plan for Common Stock Voting is 0 shares.
• Mr. Kurzius continues to directly own 247,437 shares of Common Stock Voting.
• Additionally, Mr. Kurzius indirectly holds shares through various Grantor Retained Annuity Trusts (GRATs): 6,574 shares via 2023 GRAT G, 6,574 shares via 2023 GRAT H, 5,903 shares via 2024 GRAT I, 5,903 shares via 2024 GRAT J, and 14,060 shares via 2025 GRAT K.

Sentiment

Score: 5

Explanation: The sentiment is neutral. An intra-plan transfer is a routine personal financial management action and does not inherently signal positive or negative company performance or outlook, although it does represent a reduction in direct beneficial ownership within a specific plan.

Negatives

• The disposition of 15,654.06 shares of common stock from the 401(k) Retirement Plan, even if an intra-plan transfer, represents a reduction in the insider's direct beneficial ownership of company stock within that specific vehicle.

Risks

• While an intra-plan transfer is often for personal portfolio rebalancing, any disposition of company stock by a director and 10% owner could be interpreted by some investors as a minor signal regarding the insider's direct exposure to the company's equity.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This filing is a routine insider transaction report and does not provide information directly related to broader industry trends or competitive landscape for McCormick & Company. It reflects an individual's management of personal stock holdings.

Related Party Transactions

• The reporting person holds shares indirectly through various Grantor Retained Annuity Trusts (GRATs), specifically 2023 GRAT G, 2023 GRAT H, 2024 GRAT I, 2024 GRAT J, and 2025 GRAT K, which are related party structures for beneficial ownership.

Stakeholder Impact

• Shareholders may note the change in the director's beneficial ownership structure, particularly the reduction of shares held within the 401(k) plan, though the overall impact on market sentiment is likely minimal given the nature of an intra-plan transfer.

Key Dates

Keywords

McCormick & Company, MKC, Form 4, Insider Transaction, Beneficial Ownership, Stock Transfer, Lawrence Kurzius, 401(k) Plan, Corporate Governance