Form 4: McCormick Director Converts Phantom Stock to Common Shares

McCormick & Co. Director Jacques Tapiero reported the acquisition of common stock through the settlement of phantom stock units and dividend reinvestment.

Summary

• Director Jacques Tapiero acquired 792.356 shares of McCormick & Co. Common Stock Voting on January 2, 2026, at a price of $67.28 per share.
• This acquisition resulted from the settlement of an equal number of phantom stock units held in a Non Qualified Retirement Savings Plan.
• Tapiero also acquired 18.823 phantom stock units on October 27, 2025, through dividend reinvestment at $67.13 per unit.
• Following these transactions, Tapiero directly holds 31,590.364 shares of Common Stock Voting and 2,620 shares of Common Stock Non Voting.
• Indirectly, Tapiero holds 2,190.352 phantom stock units in a Non Qualified Retirement Savings Plan.

Sentiment

Score: 5

Explanation: The filing reports routine insider transactions (conversion of phantom stock and dividend reinvestment) which are neutral in sentiment, reflecting standard compensation practices rather than a strong positive or negative signal.

Positives

• The conversion of phantom stock to common shares indicates a vested interest in the company's equity by a director.
• Dividend reinvestment into phantom stock units suggests continued participation in the company's long-term incentive plans.

Future Outlook

The filing does not contain any forward-looking statements or guidance.

Industry Context

This Form 4 filing details routine insider transactions for a director of McCormick & Co., which is common practice for executives and directors participating in company compensation and retirement plans. It does not provide broader industry context.

Related Party Transactions

• Director Jacques Tapiero's acquisition of common stock and phantom stock units from McCormick & Co. constitutes a related party transaction as he is an insider.

Stakeholder Impact

• Shareholders: The transactions demonstrate a director's continued equity ownership and participation in company incentive plans, which can be viewed positively as aligning interests with shareholders.

Key Dates

Keywords

McCormick & Co, MKC, Insider Transaction, Form 4, Director Stock Acquisition, Phantom Stock, Common Stock, Dividend Reinvestment, Jacques Tapiero