Form 4: McCormick Director Lawrence Kurzius Reports Routine Phantom Stock Transactions and Holdings

McCormick & Company Director Lawrence Erik Kurzius filed a Form 4 detailing an intra-plan transfer of phantom stock and dividend reinvestment, adjusting his indirect holdings.

Summary

• Lawrence Erik Kurzius, a Director at McCormick & Company, Inc. (MKC), filed a Form 4 disclosing changes in his beneficial ownership.
• The filing reports an intra-plan transfer on June 2, 2025, where 31,816.591 phantom stock units were disposed from a Non-Qualified Retirement Savings Plan, resulting in zero beneficial ownership of these specific units post-transaction.
• Additionally, 190.596 phantom stock units were acquired through dividend reinvestment on April 21, 2025, at a price of $74.67 per unit.
• Following these transactions, Mr. Kurzius directly owns 247,437 shares of Common Stock Voting.
• Indirect holdings include 14,455.4952 shares in a 401(k) Retirement Plan, 6,574 shares in 2023 GRAT G, 6,574 shares in 2023 GRAT H, 5,903 shares in 2024 GRAT I, 5,903 shares in 2024 GRAT J, and 14,060 shares in 2025 GRAT K.

Sentiment

Score: 5

Explanation: The filing reports routine insider transactions (dividend reinvestment and intra-plan transfer) which are neutral in sentiment and do not indicate significant positive or negative developments for the company.

Positives

• Acquisition of 190.596 phantom stock units through dividend reinvestment indicates continued participation in the company's equity compensation and dividend programs.

Negatives

• Disposition of 31,816.591 phantom stock units via an intra-plan transfer, while administrative, reduces the reporting person's indirect beneficial ownership in that specific plan.

Future Outlook

NA

Industry Context

This filing is a routine disclosure of insider transactions for McCormick & Company, a global leader in spices, seasonings, and flavors. It reflects individual executive compensation and investment activities rather than broader industry trends or strategic shifts.

Stakeholder Impact

• Shareholders: Minimal direct impact as the transactions are administrative and do not reflect a change in the company's fundamentals or a significant shift in insider confidence.
• Employees, Customers, Suppliers, Creditors: No direct impact from this type of filing.

Key Dates

Keywords

McCormick & Company, MKC, Lawrence Erik Kurzius, SEC Form 4, Insider Trading, Phantom Stock, Dividend Reinvestment, Intra-plan Transfer, Director Holdings, Beneficial Ownership