McCormick (MKC) VP Repas Exercises RSUs; 170 Shares Withheld

What Happened

• Gregory Repas, VP & Controller of McCormick & Co. (MKC), had restricted stock units (RSUs) vest and convert to 554 shares on March 15, 2026 (268 + 286). To satisfy tax withholding, 170 of those shares (82 + 88) were surrendered at $58.48 per share, totaling $9,941. Net shares retained from the vesting event: 384 shares.
• This was not an open-market purchase or sale for investment gain; it was the scheduled vesting/conversion of equity awards with shares withheld for taxes (a routine administrative action).

Key Details

• Transaction date: March 15, 2026; Form 4 filed March 17, 2026.
• Vesting/conversion entries (code M) for 268 and 286 RSU shares (acquired), and withholding/disposition entries (code F) for 82 and 88 shares at $58.48 each ($4,795 and $5,146).
• Net shares received after withholding: 384 shares (554 vested − 170 withheld).
• Footnotes: RSUs require no purchase price (F1). Some RSUs were granted Mar 29, 2023 (vest in thirds on Mar 15, 2024/2025/2026 — F2/F3) and Mar 27, 2024 (vest in thirds on Mar 15, 2025/2026/2027 — F4/F5).
• Shares owned after the transaction are not disclosed in the provided excerpt of the filing.
• Filing appears timely (reported two days after the transaction).

Context

• This is a standard vesting and tax-withholding transaction (often called "sell-to-cover" or share withholding) rather than a market sale or purchase. For retail investors, such award vesting signals executive compensation being realized but does not by itself indicate the insider buying or selling stock for investment reasons.