Piper Sarah 4

What Happened

• Sarah Piper, Chief Human Relations Officer at McCormick & Co. (MKC), had 2,230 derivative awards converted/acquired on Feb 15, 2026 (code M). To cover tax withholding related to vested awards, 3,056 shares and 742 shares were surrendered (codes F) at $71.61 per share, producing cash value of $218,840 and $53,135 respectively (combined $271,975).
• This was not an open-market sale or a purchase for investment — it reflects award vesting/conversion and routine withholding to satisfy tax obligations.

Key Details

• Transaction date: 2026-02-15; Filing date: 2026-02-18 (filing appears timely).
• Derivative conversion/exercise: 2,230 shares acquired (code M); the filing also shows a related derivative disposition entry for 2,230 shares (mechanics of conversion/delivery).
• Shares withheld for taxes: 3,056 shares and 742 shares (total 3,798) at $71.61 per share; total value withheld = $271,975.
• Shares owned after transaction: Not disclosed in this Form 4.
• Notable footnotes: withholding was for taxes on shares reported earlier (F1); awards are Restricted Stock Units/phantom stock payable in shares (F2–F3); RSUs vest in thirds beginning Feb 15, 2026 (F4); RSUs were from the Feb 7, 2025 grant (F5).

Context

• This appears to be a routine vesting/conversion event (first tranche of RSUs vesting) with shares surrendered to cover taxes — commonly seen with equity compensation and not necessarily a personal cash sale or market-timing signal.
• For retail investors, purchases by insiders tend to be more informative than routine vesting/withholding; this filing documents compensation mechanics rather than an investment decision.