Tapiero Jacques 4

What Happened

Jacques Tapiero, a director of McCormick & Co., received a grant of 166.861 units of phantom stock on 2026-03-11. The award is reported as a derivative acquisition with an attributable value of $10,000 based on a per-unit price of $59.93. This was an award (not an open-market purchase or sale).

The units are phantom stock — a form of deferred/phantom equity — that represent the right to receive one share of McCormick common stock per unit under the company’s Non‑Qualified Retirement Savings Plan. The filing does not show an immediate cash purchase or sale.

Key Details

• Transaction date: 2026-03-11; filing date: 2026-03-12 (timely Form 4 filing).
• Transaction type: Award/Grant (derivative acquisition, code A).
• Units granted: 166.861 phantom shares at $59.93 per unit; aggregate value reported $10,000.
• Payment/settlement: Phantom stock units are payable in shares of Common Stock — Voting under the Non‑Qualified Retirement Savings Plan (footnote F1). Timing of payout not specified in the filing.
• Shares owned after transaction: Not reported in the provided filing excerpt.
• No 10b5-1 plan, tax-withholding, or late filing flag was indicated in this report.

Context

Phantom stock awards are a common form of long-term or retirement compensation for directors and employees; they give the holder a claim to future shares or cash tied to the company’s stock value and do not represent an immediate open‑market purchase. Because this is a grant rather than a purchase or sale, it should not be interpreted as a direct buy/Sell signal by the insider.