BRAMMAN ANNE L 4
Research Summary
AI-generated summary
McCormick (MKC) Director Anne Bramman Receives RSU Award
What Happened
Anne L. Bramman, a director of McCormick & Co., was granted 2,598 restricted stock units (RSUs) on 2026-02-06. The filing records the acquisition price as $0 because these are derivative awards (not an open-market purchase). The RSUs represent a contingent right to receive one share of common stock per unit and will be settled in shares when they vest.
Key Details
- Transaction date: 2026-02-06; Filing date: 2026-02-09 (Form 4, Accession 0000063754-26-000090).
- Security: 2,598 Restricted Stock Units (derivative award); reported acquisition price $0.00.
- Vesting/settlement: RSUs vest in full on 2027-02-15 and are settled in an equal number of McCormick shares (Footnotes F1–F2).
- Shares owned after transaction: Not disclosed in the provided filing excerpt.
- Transaction type/code: A = Award/Grant (derivative).
- No indication in the excerpt of tax withholding, 10b5-1 plan, or late filing; only the filing date is shown.
Context
This was a standard compensation grant to a director—an award rather than a market purchase or sale—so it reflects company compensation practices rather than a direct buy/sell signal from the insider. RSU grants are common for aligning executive/director incentives with shareholder returns; they only convert into actual shares if/when they vest.