Repas Gregory 4

What Happened
Gregory Repas, Vice President & Controller of McCormick & Co. (MKC), had restricted stock units (RSUs) convert/vest on February 15, 2026 (reported Feb 18, 2026). The filing shows 557 shares resulting from exercise/conversion of derivative awards and a total of 876 shares were withheld/disposed to cover tax withholding. The withheld shares were reported at $71.61 per share, totaling $50,485 and $12,245 in two withholding transactions (combined ≈ $62,730). This is a routine compensation/vesting event with tax-withholding sales rather than an open-market investment or divestiture for trading reasons.

Key Details

• Transaction date: February 15, 2026; Form 4 filed February 18, 2026.
• Vest/Conversion: 557 shares listed as exercise/conversion of derivative (RSUs).
• Tax withholding/sales: 705 shares withheld at $71.61 ($50,485) and 171 shares withheld at $71.61 ($12,245); total withheld ≈ $62,730.
• Shares owned after transaction: Not specified in the supplied filing data.
• Relevant footnotes from the filing:
  • F1: Shares withheld were for taxes on shares previously reported on 1/21/2026 under McCormick’s Long-Term Incentive Plan.
  • F2: These are Restricted Stock Units (no purchase price).
  • F3: RSUs vest in thirds over three years beginning Feb 15, 2026 (then 2027 and 2028).
  • F4: The RSUs were granted Feb 7, 2025.
• Filing timeliness: The filing covers 2/15/2026 transactions and was filed 2/18/2026; no late-filing flag was provided in the supplied data.

Context
This appears to be a standard RSU vesting and tax-withholding transaction. RSUs convert to shares (an A/M-type event) and companies commonly withhold or sell a portion to satisfy tax obligations—this is routine and does not necessarily signal insider sentiment about the stock. The filing shows both the conversion and the shares surrendered for taxes; it is not an open-market sale or a new purchase.