Sheppard Valarie L 4

What Happened

• Valarie L. Sheppard, a director of McCormick & Co. (MKC), had 2,222 restricted stock units (RSUs converted/treated as a derivative conversion) that were converted into 2,222 shares on February 15, 2026. The Form 4 also reports a same-day disposition of 2,222 shares. No purchase price or transaction value is reported for either the acquisition or the disposition (price listed as N/A).

Key Details

• Transaction date: 2026-02-15 (reported on Form 4 filed 2026-02-18).
• Transaction code: M (exercise or conversion of a derivative instrument).
• Shares converted/acquired: 2,222 RSU-derived shares; Shares disposed: 2,222.
• Price/value: Not reported (N/A) for both acquisition and disposition.
• Shares owned after transaction: Not provided in the supplied data.
• Relevant 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.
• Filing timeliness: No late filing flag is indicated in the provided data.

Context

• This filing reflects a conversion of RSUs to common stock (a non-cash award vesting/conversion) followed by an immediate disposition of the same number of shares. The Form 4 does not specify the method of disposition (sale, transfer, or shares used for tax withholding), nor does it show monetary proceeds. Conversions of RSUs and same-day disposals are common for vesting awards but do not by themselves indicate the insider’s view of the company’s prospects.