Tapiero Jacques 4

What Happened Jacques Tapiero, a director of McCormick & Co. (MKC), had a derivative exercise/conversion reported for February 15, 2026. The Form 4 shows an acquisition of 2,222 shares via exercise/conversion (transaction code M) and a simultaneous disposition of 2,222 shares on the same date. No per-share or total dollar prices are reported in the filing (listed as N/A).

Key Details

• Transaction date(s): February 15, 2026; Form 4 filed February 18, 2026.
• Transaction type/code: M = Exercise or conversion of a derivative; both an acquisition and a matching disposition of 2,222 shares are reported.
• Price: Not reported in the filing (N/A).
• Shares owned after transaction: Not disclosed in the provided filing data.
• Footnotes included in the filing:
  • F1: Restricted Stock Units; no purchase price required.
  • F2: Phantom stock converts to one share of common stock in accordance with the Non‑Qualified Retirement Savings Plan.
  • F3: Reported RSUs entitle the reporting person to an annual distribution of common stock equal to 100% of the grant.
  • F4: The Restricted Stock Units referenced were granted Feb 7, 2025.
• Timeliness: The filing shows the transaction date as Feb 15 and was filed Feb 18; the report contains no late‑filing flag in the provided data.

Context

• Transaction code M denotes an exercise or conversion of a derivative instrument (e.g., options, phantom stock conversion). This filing shows the same number of shares acquired and disposed on the same date, meaning the shares were not retained by the reporting person after this transaction.
• The filing does not state the reason for the disposition (e.g., sale to cover taxes, net settlement, or transfer), and no dollar values are provided. For retail investors, purchases are often more indicative of a bullish signal than exercises followed by immediate dispositions.