Schwartz Jeffery D 4

What Happened
Jeffery D. Schwartz, Vice President and General Counsel of McCormick & Co. (MKC), exercised options on February 3, 2026, resulting in 10,000 underlying shares being issued (reported value $499,600). To satisfy tax withholding, 8,720 of those shares were withheld/disposed (reported value $550,319). After the transaction Schwartz retained a net of 1,280 common shares from this exercise. A related entry shows the option instrument itself was extinguished as part of the exercise.

Key Details

• Transaction date: 2026-02-03; Form filed: 2026-02-05 (appears timely).
• Option exercise (code M): 10,000 shares; reported acquisition value $499,600 (price shown $49.96).
• Tax withholding (code F): 8,720 shares withheld/disposed at $63.11 per share; reported value $550,319.
• Net shares retained from this exercise: 1,280 (10,000 exercised − 8,720 withheld).
• Footnote: "Option exercised; no purchase price required." A separate line shows the option/derivative was surrendered/converted (reported at $0.00).
• Filing does not state total McCormick shares owned following the transaction beyond the net retained from this exercise.

Context
This was an option exercise with shares withheld to cover tax obligations (a cashless/net share settlement). Such withholding is routine tax-related disposition and does not necessarily signal a buy/sell sentiment. The filing shows the option was exercised and the underlying option instrument extinguished; no open-market purchase or discretionary sale of additional shares was reported.