Montiel Maritza Gomez 4

What Happened
Maritza Gomez Montiel, a director of McCormick & Co. (MKC), reported an exercise/conversion of derivative awards on February 15, 2026. The filing shows an acquisition of 2,222 shares and a simultaneous disposition of 2,222 shares under transaction code M (exercise/conversion of a derivative). No purchase price or dollar values are reported (price = N/A).

Key Details

• Transaction date: February 15, 2026; Form 4 filed February 18, 2026 (reporting period 2026-02-15).
• Transaction code: M = Exercise or conversion of a derivative security.
• Reported amounts: 2,222 shares Acquired and 2,222 shares Disposed; price listed as N/A.
• Shares owned after the transaction: not specified in the filing excerpt.
• Footnotes: F1 = subject to deferred receipt; F2 = Restricted Stock Units (no purchase price); F3 = RSUs entitle the reporting person to receive an annual distribution of common stock equal to 100% of the grant; F4 = RSUs were granted February 7, 2025.
• The filing does not state a monetary value or the reason for the simultaneous disposition.

Context

• Code M indicates a conversion or exercise of derivative awards (here tied to Restricted Stock Units). RSUs are grants (not purchases) and per the footnotes no cash purchase price was required.
• "Subject to deferred receipt" suggests the shares may not be immediately delivered; the filing does not provide settlement details.
• Because the filing shows equal amounts acquired and disposed (2,222 shares), the reported net change to beneficial ownership appears to be zero based on the lines shown, though total holdings after the transaction are not listed in this excerpt.