Foley Brendan M 4

What Happened
Brendan M. Foley, Chairman, President & CEO of McCormick & Co. (MKC), acquired a mix of common shares and phantom-stock units in mid-January and received a phantom-stock award in late February 2026. Transactions reported: purchases on Jan 12–14 totaling about 167.76 shares bought at prices between $66.84 and $68.42 (combined value ≈ $11,226), plus a derivative entry of 88.76 phantom shares at $66.84 (≈ $5,933), and a 427.9-share phantom stock award on Feb 25 at $69.03 (≈ $29,538). Total acquired (actual + phantom) ≈ 594.7 shares with an aggregate value ≈ $40.8K. These filings are acquisitions (not sales), which are typically seen as insider purchases/awards rather than dispositions.

Key Details

• Transaction dates & prices:
  • 2026-01-12: 8 shares @ $67.29 = $538 (acquired; code J)
  • 2026-01-12: 88.76 phantom shares @ $66.84 = $5,933 (acquired; derivative; code J)
  • 2026-01-13: 0.003 shares @ $67.16 ≈ $0 (acquired; code J)
  • 2026-01-14: 66 shares @ $67.90 = $4,481 (acquired; code J)
  • 2026-01-14: 4 shares @ $68.42 = $274 (acquired; code J)
  • 2026-02-25: 427.9 phantom shares award @ $69.03 = $29,538 (acquired; code A)
• Total acquired ≈ 594.7 shares/phantom shares; aggregate value ≈ $40.8K.
• Shares owned after the transactions: not specified in the provided excerpt of the filing.
• Footnotes:
  • F1: Dividend reinvestment (some J-coded acquisitions appear to be from dividend reinvestment).
  • F2: Phantom stock = right to receive one share of Common Stock — payable in shares per the Non‑Qualified Retirement Savings Plan.
• Filing timeliness: The Form 4 was filed on 2026-02-26 for transactions occurring Jan 12–Feb 25; the Jan transactions were reported late (filed well after the usual two-business-day window).

Context
Transaction codes: J = other acquisition/disposition (often dividend reinvestment or similar mechanics); A = grant/award. The Jan entries include small share purchases and phantom-share entries (derivative units). The Feb 25 entry is an award of phantom stock under a retirement/savings plan and is payable in shares per the plan terms. These are acquisitions/awards (not sales); purchases and awards by executives can be of interest to retail investors but do not by themselves prove a change in company prospects. The filing’s late reporting for the January trades is noted; delayed filings can affect the timeliness of disclosure but do not change the underlying transactions.