Form 4: McCormick Director Increases Holdings Through Routine Stock and Phantom Stock Acquisitions

McCormick & Co. Director Jacques Tapiero reported an increase in his beneficial ownership of company common stock and phantom stock through dividend reinvestment and a non-qualified retirement savings plan.

Summary

• Jacques Tapiero, a Director at McCormick & Co. Inc. (MKC), reported changes in his beneficial ownership of company securities.
• On April 21, 2025, Mr. Tapiero acquired 171.455 shares of Common Stock Voting at a price of $74.5263 per share through dividend reinvestment.
• Following this transaction, his direct beneficial ownership of Common Stock Voting increased to 30,617.754 shares.
• He also directly holds 2,620 shares of Common Stock Non Voting.
• On April 21, 2025, Mr. Tapiero acquired 15.031 shares of Phantom Stock at a price of $74.67 per share, also through dividend reinvestment.
• On June 3, 2025, an additional 136.332 shares of Phantom Stock were acquired at a price of $73.35 per share, as part of a Non-Qualified Retirement Savings Plan.
• Each share of phantom stock represents the right to receive one share of Common Stock Voting, payable in accordance with the terms of the Non-Qualified Retirement Savings Plan.
• His indirect beneficial ownership of Phantom Stock now totals 2,508.053 shares and 2,645.285 shares, both held through the Non-Qualified Retirement Savings Plan.

Sentiment

Score: 7

Explanation: The filing indicates a director's increased beneficial ownership in the company, primarily through routine dividend reinvestment and a retirement savings plan, which generally signals continued alignment with shareholder interests and confidence in the company's long-term prospects.

Positives

• The director's increased beneficial ownership, even through routine mechanisms like dividend reinvestment and retirement plans, indicates continued alignment with shareholder interests and confidence in the company.

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, common across all industries, indicating a director's changes in beneficial ownership of company securities. It does not provide broader industry trends or competitive analysis.

Stakeholder Impact

• Shareholders may view the director's increased holdings as a positive sign of confidence in the company's future performance and stability.

Key Dates

Keywords

McCormick & Co., MKC, Form 4, Insider Transaction, Director Holdings, Stock Acquisition, Phantom Stock, Dividend Reinvestment, Beneficial Ownership