McCormick & Co Inc CEO Acquires Phantom Stock via Retirement Plan
MCCORMICK & CO INC
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Filing Summary
š Form 4 Filing Alert: MCCORMICK & CO INC ($MKC) š¤ Insider: Foley Brendan M (Chairman, President & CEO) š Transaction Date: 2026-09-08 š Type: Phantom Stock Acquisition (Code A) š° Shares: 48.30 @ $51.90 (~$2,506.77) š¼ Beneficial Ownership After: 14,537.757 Phantom Shares (Indirect via Non-Qualified Retirement Savings Plan) š Direct Common Stock Holdings: 130,344.016 Voting Shares | 1,770 Non-Voting Shares
Comprehensive Analysis
Executive Summary
On September 9, 2026, McCormick & Co Inc ($MKC) filed a Form 4 disclosing a transaction by Brendan M. Foley, the company's Chairman, President & CEO.
Transaction Breakdown
- Security: Phantom Stock
- Date: September 8, 2026
- Transaction Code:
A(Grant, award, or other acquisition) - Shares Acquired: 48.30 shares
- Price per Share: $51.90
- Total Transaction Value: $2,506.77
- Nature of Ownership: Indirect, held through a Non-Qualified Retirement Savings Plan
- Post-Transaction Phantom Holdings: 14,537.757 shares
Additional Direct Holdings
In addition to the derivative holding, the insider maintains substantial direct equity ownership:
- Common Stock - Voting: 130,344.016 shares
- Common Stock - Non Voting: 1,770 shares
Market Impact & Significance
This transaction represents a routine, automated non-qualified retirement plan contribution/match rather than a discretionary open-market buy or sell. Due to the small dollar amount ($2,506.77) and programmatic nature, this transaction has Low trading significance.
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