MANGAN MICHAEL D 4

What Happened

• Michael D. Mangan, a director of McCormick & Co. (MKC), reported the exercise/conversion of derivative securities (code M) on February 15, 2026. The filing shows 2,222 shares acquired through conversion and a simultaneous disposition of 2,222 derivative shares. No purchase price or total dollar value is reported (N/A).

Key Details

• Transaction date: 2026-02-15; Form 4 filed: 2026-02-18.
• Transaction code: M (exercise or conversion of derivative securities).
• Shares: 2,222 acquired (conversion) and 2,222 disposed (derivative); price: N/A; total value: N/A.
• Shares owned after the transaction: not specified in the provided excerpt.
• Footnotes: F1 = Restricted Stock Units (no purchase price); 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 granted on Feb 7, 2025.
• Timeliness: The Form 4 was filed three calendar days after the transaction (filed on 2/18 for a 2/15 transaction), which is one business day past the typical two-business-day filing deadline.

Context

• The filing indicates conversion of RSUs rather than an open-market buy or a straightforward sale. Conversions of RSUs are routine equity award events (vesting/distribution) and do not necessarily signal a change in the director’s market view. Because no price or cash value is reported, the filing does not disclose any proceeds or withholding details.