MCCORMICK & CO INC·4

Mar 17, 11:43 AM ET

Foust Andrew 4

Research Summary

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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.