Piper Sarah 4

What Happened

• Sarah Piper, Chief Human Relations Officer at McCormick & Co. (MKC), acquired small amounts of MKC stock through dividend reinvestment. On 2026-01-12 she acquired 28.415 shares at $66.84 each (value ~$1,899; marked as a derivative acquisition) and on 2026-01-13 she acquired 15.7 shares at $67.16 each (value ~$1,054). Combined, the transactions added about 44.115 shares worth roughly $2,953. These are purchases (routine dividend reinvestment), not open-market buys or sales.

Key Details

• Transaction dates and prices:
  • 2026-01-12: 28.415 shares @ $66.84 — $1,899 (listed as derivative acquisition)
  • 2026-01-13: 15.700 shares @ $67.16 — $1,054
• Footnote: F1 = Dividend Reinvestment (automatic use of dividends to buy additional shares).
• Transaction code J = "Other acquisition or disposition" (used here for dividend reinvestment).
• Shares owned after the transactions: Not specified in the provided filing.
• Filing timeliness: Form 4 was filed 2026-02-04 for transactions on Jan 12–13, which appears to be a late filing (Form 4 is typically due within two business days of the transaction).

Context

• Dividend reinvestment is an automatic, routine program that uses cash dividends to purchase additional company shares; such transactions are common and do not necessarily signal a change in an insider’s view of the company. The Jan 12 entry being marked as a "derivative" simply reflects the reporting category used for that specific reinvestment and does not imply an options exercise or open-market trade.