Piper Sarah 4

What Happened

• Sarah Piper, Chief Human Relations Officer of McCormick & Co. (MKC), was granted 6,313 shares (reported as $0.00 per share) on 2026-01-19. The grant is an award of phantom stock under McCormick’s Long-Term Incentive Program (LTIP) for the three-year performance cycle ending Nov 30, 2025. This is an award (transaction code A), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-01-19; Filing date (Form 4): 2026-01-21 (filed within the typical 2-business-day window).
• Price reported: $0.00 per share (award/grant).
• Shares received: 6,313 phantom shares (payable in common stock per plan terms).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnotes: F1 — Award granted under McCormick’s LTIP for the Dec 1, 2022–Nov 30, 2025 performance cycle. F2 — Each phantom share represents the right to receive one share of voting common stock and is payable in shares under the Non‑Qualified Retirement Savings Plan.
• Transaction type: Award/grant of phantom stock (code A); not a sale or purchase.

Context

• Phantom stock awards are a form of deferred equity compensation and typically convert into actual shares (or their cash equivalent) according to plan rules; here the filing states they are payable in voting common stock. Such awards reflect company compensation practices and performance-based pay for executives and do not necessarily signal a personal market view by the insider.