PRESTON MARGARET M V 4

What Happened

• Margaret M. V. Preston, a director of McCormick & Co. (MKC), reported the exercise/conversion of a derivative on Feb 15, 2026 that resulted in the acquisition of 2,222 shares and a simultaneous disposition of 2,222 shares. No per-share price or total dollar value is reported in the filing (marked N/A).

Key Details

• Transaction date: 2026-02-15; Form 4 filed: 2026-02-18.
• Transaction type/code: Exercise or conversion of derivative (code M).
• Shares acquired: 2,222; shares disposed: 2,222.
• Price/value: Not reported (N/A) in the filing, so cash value cannot be determined here.
• Shares owned after transaction: Not specified in the provided data.
• Relevant footnotes from the filing:
  • F1: Subject to deferred receipt.
  • F2: Restricted Stock Units; no purchase price required.
  • F3: Phantom stock units convert to voting common stock per the Non‑Qualified Retirement Savings Plan.
  • F4: The reported RSUs entitle the reporting person to receive an annual distribution of common stock equal to 100% of the grant.
  • F5: The RSUs were originally granted on February 7, 2025.
• Timeliness: Filing date is 2026-02-18 for a 2026-02-15 transaction; the filing does not indicate lateness status in the provided data.

Context

• This was a derivative conversion/exercise rather than an open‑market buy or sale. The paired acquisition and immediate disposition of the same number of shares commonly reflects plan mechanics such as tax withholding or a sell‑to‑cover arrangement, but the Form 4 here does not specify the reason. Because no cash purchase was made, this is not a straightforward "buy" signal for investors.