MCCORMICK & CO INC·4

Mar 17, 11:43 AM ET

Foust Andrew 4

4 · MCCORMICK & CO INC · Filed Mar 17, 2026

Research Summary

AI-generated summary of this filing

Updated

McCormick (MKC) President Andrew Foust Receives RSUs; 177 Shares Withheld

What Happened
Andrew Foust, President, Americas of McCormick & Co. (MKC), had 533 restricted stock units (RSUs convert/vest) on March 15, 2026. The RSUs converted into 533 common shares (no purchase price). To satisfy tax withholding, 177 of those shares were surrendered (disposed) at $58.48 per share totaling $10,351. That leaves a net delivery of 356 shares to Foust (533 − 177), worth about $20,819 based on the $58.48 per-share figure reported.

Key Details

  • Transaction date: March 15, 2026; Form 4 filed March 17, 2026 (timely; filed within two business days).
  • Vest/Conversion: 533 RSUs converted to 533 shares (code M; no exercise price).
  • Tax withholding: 177 shares withheld/Disposed (code F) at $58.48 each for ~$10,351.
  • Net shares received: 356 shares (approx. $20,819 at $58.48).
  • Footnotes: RSUs require no purchase price (F1); these RSUs vest in thirds on March 15, 2024, 2025 and 2026 (F2); grant date March 29, 2023 (F3).
  • Shares owned after transaction: not reported in the data provided in this filing.

Context
This was a routine RSU vesting with tax-withholding, not an open-market sale. The transaction reflects award vesting (receipt of shares) and a withholding disposition to cover taxes — common practice and not necessarily a signal of insider sentiment. The filing appears timely under Form 4 rules.

Insider Transaction Report

Form 4
Period: 2026-03-15
Foust Andrew
President, Americas
Transactions
  • Exercise/Conversion

    Common Stock - Voting

    [F1]
    2026-03-15+53313,460.51 total
  • Tax Payment

    Common Stock - Voting

    2026-03-15$58.48/sh177$10,35113,283.51 total
  • Exercise/Conversion

    Restricted Stock Units

    [F1][F3][F2]
    2026-03-155330 total
    Common Stock - Voting (533 underlying)
Holdings
  • Common Stock - Non Voting

    334.44
Footnotes (3)
  • [F1]Restricted Stock Units; No purchase price required.
  • [F2]The Restricted Stock Units vest in thirds over a three-year period beginning March 15, 2024, March 15, 2025 and March 15, 2026.
  • [F3]The Restricted Stock Units granted on March 29, 2023.
Signature
Jason E. Wynn, Attorney-in-Fact|2026-03-17

Documents

1 file
  • 4
    form4.xmlPrimary

    STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES