Tapiero Jacques 4

What Happened
Jacques Tapiero, a director of McCormick & Co. (MKC), reported derivative-related transactions that converted company phantom stock units and reinvested dividends into common shares. The filing shows a 5.69-share derivative exercise/conversion at $61.10 per share (value $348) and a separate other acquisition (dividend reinvestment) of 21.42 shares at $66.84 per share (value $1,432). Combined reported value of these acquisitions is about $1,780. These were not open-market purchases but conversions/settlements of plan/derivative units.

Key Details

• Transaction dates and prices:
  • 2026-02-02 — Exercise/conversion of derivative: 5.69 shares at $61.10 each (reported value $348).
  • 2026-01-12 — Other acquisition (dividend reinvestment): 21.42 shares at $66.84 each (reported value $1,432).
  • 2026-02-02 — A matching exercise/conversion disposition for 5.69 shares at $61.10 (reported value $348) also appears in the filing; see footnote for clarification.
• Shares owned after the transaction: Not disclosed in this Form 4.
• Footnotes of note:
  • F1: Dividend reinvestment (applies to the 21.42-share entry).
  • F2: Each Phantom Stock Unit equals one share economically; on Feb 2, 2026, 5.690 units were settled for an equal number of McCormick common shares.
• Filing timeliness: The filing does not include a timeliness flag in the provided data.

Context

• These transactions are derivative-plan events (phantom stock settlement and dividend reinvestment), not open-market buys or discretionary insider sales — such plan-driven conversions are routine and often reflect company compensation or dividend plans rather than a directional trade by the insider.
• The filing shows both acquisition and a corresponding disposition entry for the 5.69 shares on Feb 2; footnote F2 indicates those units were settled into common stock.