Sheppard Valarie L 4

What Happened
Director Valarie L. Sheppard acquired 2.47 shares of McCormick & Co. (MKC) on January 13, 2026, at $67.16 per share, for a total value of about $166. The transaction is coded as "J" (other acquisition/disposition) and is footnoted as a dividend reinvestment — an automatic purchase using dividends rather than an open-market buy.

Key Details

• Transaction date and price: 2026-01-13 at $67.16 per share.
• Shares acquired: 2.47; total value ≈ $166.
• Footnote: F1 = Dividend Reinvestment (purchase was via the DRIP).
• Shares owned after transaction: Not specified in the provided filing.
• Filing timeliness: Form filed on 2026-02-04 (22 days after the transaction); this is later than the typical 2-business-day Form 4 deadline.

Context
Dividend reinvestments are routine, automatic transactions that convert cash dividends into additional shares and generally do not signal a deliberate new investment decision by the insider. The purchase is small in dollar terms and should be viewed as a routine dividend-driven acquisition rather than a strong bullish indicator.