Foley Brendan M 4

What Happened

• Brendan M. Foley, Chairman, President & CEO of McCormick & Co., was granted 68,855 derivative shares on February 6, 2026. The award is reported as an acquisition at $0.00 (derivative grant), reflecting a compensation award rather than a market purchase.
• The grant consists of phantom stock / restricted stock units that represent the right to receive one share of McCormick common stock per unit. These awards are payable in shares under the company’s Non‑Qualified Retirement Savings Plan.

Key Details

• Transaction date: 2026-02-06; Form 4 filed: 2026-02-09 (filed within the SEC’s two-business-day window).
• Reported acquisition price: $0.00 (award/grant, not a cash purchase).
• Shares acquired: 68,855 derivative units (phantom stock / RSUs).
• Shares owned after transaction: not specified in the provided excerpt.
• Footnotes:
  • F1 — Each phantom share equals the right to one common share and is payable in common stock under the Non‑Qualified Retirement Savings Plan.
  • F2 — The RSU represents a contingent right to receive one common share.
  • F3 — RSUs vest in thirds over three years, with vesting dates beginning Feb 15, 2027; Feb 15, 2028; and Feb 15, 2029.

Context

• This was a compensation award (grant of derivative units), not an open‑market buy or sale. Such grants are common executive compensation and do not by themselves indicate immediate buying or selling sentiment.
• Because the units are payable in shares and vest over multiple years, the economic benefit to the insider is deferred and tied to future vesting events.