Kurzius Lawrence Erik 4

What Happened

• Lawrence Kurzius, reported as a 10% owner of McCormick & Co. (MKC), exercised options and sold shares on Feb 12, 2026. He exercised 50,000 option shares at an exercise price of $49.02 (listed value $2,451,250) and sold 50,000 shares in an open-market transaction at $71.63 for gross proceeds of $3,581,500. The filing also shows a separate 50,000-share derivative conversion reported at $0 (see footnote).

Key Details

• Transaction date: 2026-02-12 (filed 2026-02-13 — appears timely).
• Exercise: 50,000 shares @ $49.02 = $2,451,250 (acquired).
• Sale: 50,000 shares @ $71.63 = $3,581,500 (disposed).
• Derivative conversion: 50,000 shares @ $0 reported as disposed (footnote F1: "Option exercised; no purchase price required").
• Shares owned after the transactions: not provided in the supplied data.
• Filing accession: 0000063754-26-000110.

Context

• This pattern (exercise of options followed by an immediate sale) is often a cashless exercise — exercising options and selling shares right away to cover costs or taxes. Such transactions are common and are not by themselves a clear bullish signal. As a 10% owner, Kurzius is a large insider rather than necessarily a company executive; treat the trade as insider disclosure rather than a direct endorsement of company prospects.