Gabriel Marcos Mendes 4

What Happened

• Gabriel Marcos Mendes, Executive Vice President & CFO of McCormick & Co. (MKC), had 3,792 restricted stock units (RSUs) convert to common shares on February 15, 2026. To cover tax withholding, 922 shares ($66,024) and 1,262 shares ($90,372) were surrendered, leaving a net increase of 1,608 shares to his holdings.
• The withholding price used for the tax-related share surrender was $71.61 per share. The filing shows the conversion/exercise of the RSU award and the share-withholding transactions to satisfy tax liabilities — this is administrative/compensation-related rather than an open-market purchase or targeted sale.

Key Details

• Transaction date: February 15, 2026; Form 4 filed February 18, 2026 (reporting period 2/15/2026).
• Conversion: 3,792 RSUs converted to common shares (reported as exercise/conversion, code M).
• Shares withheld for taxes (code F): 922 shares ($66,024) and 1,262 shares ($90,372); total withheld value ≈ $156,396 at $71.61/share.
• Net change: +1,608 shares retained by Mendes after withholding.
• Footnotes: Shares withheld to satisfy tax obligations on RSUs previously reported (grant date Feb 7, 2025). RSUs vest in thirds over 2/15/2026–2/15/2028; no purchase price required.
• Filing timeliness: Filed on 2/18/2026 for a 2/15/2026 transaction — not shown as late in the provided data.

Context

• This was a conversion/vesting event for RSUs with shares withheld to cover taxes (a common, routine settlement method). Code M indicates exercise/conversion of a derivative instrument (here, RSUs converting into stock); code F indicates share surrender for tax withholding.
• These transactions are compensation-related and do not necessarily signal a change in the insider’s market view. The net addition of 1,608 shares is modest relative to company float and should be interpreted as routine vesting/administration unless accompanied by other open-market buys or sells.