THOMAS TERRY S 4

What Happened

• Terry S. Thomas, a director of McCormick & Co. (MKC), had 2,222 restricted stock units (RSUs) convert into 2,222 shares on February 15, 2026 (reported as a derivative exercise/conversion). The filing also reports a matching disposition of 2,222 derivative shares the same date. No purchase price or dollar value is reported.

Key Details

• Transaction date: 2026-02-15; Form 4 filed: 2026-02-18 (timely).
• Shares acquired on conversion: 2,222; Shares disposed: 2,222.
• Price: N/A (RSUs—no purchase price required).
• Shares owned after transaction: not specified in the provided details of this summary.
• Footnotes:
  • F1: These were Restricted Stock Units; no purchase price required.
  • F2: The RSUs entitle the reporting person to receive an annual distribution of common stock equal to 100% of the grant.
  • F3: The RSUs were originally granted on February 7, 2025.
• Transaction code: M (exercise/conversion of a derivative security). Disposal coding indicates the filing reports a disposition of derivative shares; the filing does not specify the reason (e.g., sale, tax withholding).

Context

• This filing reports conversion of RSUs into shares rather than an open-market purchase or a discretionary sale by the insider. Conversions and immediate dispositions of the same number of shares are commonly used to satisfy tax withholding or to sell distributed shares, but the Form 4 here does not state the specific purpose. Such award-related conversions are routine compensation events and are different from outright purchases (which can be interpreted as a stronger bullish signal).