Foust Andrew 4
Research Summary
AI-generated summary
McCormick (MKC) President Americas Andrew Foust Receives Award
What Happened Andrew Foust, President, Americas for McCormick & Co. (MKC), was granted 13,378 restricted stock units (RSUs) on February 6, 2026. The RSUs are derivative awards (reported as acquisition at $0.00 per share) and therefore involved no cash purchase price. Each RSU represents a contingent right to receive one share of McCormick common stock.
Key Details
- Transaction date: 2026-02-06; Form 4 filed: 2026-02-09.
- Grant type/code: A (award/grant) — derivative units reported as $0.00 per share.
- Quantity: 13,378 RSUs; reported transaction value: $0 (award/derivative).
- Vesting: RSUs vest in three equal annual installments on Feb 15, 2027; Feb 15, 2028; and Feb 15, 2029 (per footnotes).
- Shares owned after transaction: Not specified in the provided filing.
- No indication of a 10b5-1 plan, tax-withholding sale, or late-filing flag in the supplied details.
Context RSU grants are compensation awards and do not involve an open-market purchase or sale; they become actual shares only as they vest. Such awards are common for executives as long-term incentive pay and do not, by themselves, signal immediate buying or selling intent.