Sanchez Ana 4

What Happened

• Ana Sanchez, President EMEA of McCormick & Co. (MKC), had restricted stock units (RSUs) convert to common shares on 2026-02-15 (transaction code M). The conversion resulted in 2,230 shares issued to her (no purchase price required).
• To satisfy tax obligations, shares were withheld/disposed (transaction code F): 1,582 shares withheld at $71.61 for $113,287, and 1,048 shares withheld at $71.61 for $75,047. Combined proceeds from the withholdings totaled $188,334.
• This is primarily an award/vesting event (not an open-market purchase); withholding to cover taxes is a routine administrative sale and not necessarily a signal about outlook.

Key Details

• Transaction date: 2026-02-15. Form 4 filed: 2026-02-18.
• Withholding/sale prices: $71.61 per share for the two withheld tranches.
• Shares reported issued/converted: 2,230 RSU shares (code M, acquired). Shares withheld/disposed for taxes: 1,582 and 1,048 (code F).
• Shares owned after transaction: not specified in the supplied filing excerpt.
• Footnotes of note:
  • F1: Shares withheld to satisfy taxes related to shares previously reported on 2026-01-21.
  • F2: These are Restricted Stock Units (RSUs); no purchase price required.
  • F3/F4: The RSUs were granted 2025-02-07 and vest in thirds beginning 2026-02-15, then annually through 2028.
• Filing timeliness: Form filed 2026-02-18; the filing does not indicate a late-reporting flag.

Context

• RSU conversions (code M) represent compensation vesting; no cash exercise was required. The subsequent withholding (code F) is a common "cashless" tax-withholding method—shares are surrendered to cover tax liabilities rather than the executive selling additional shares in the open market.
• Such administrative withholdings are routine and generally less informative about an insider’s view of the company than voluntary open-market purchases or planned sales.