Foley Brendan M 4
Research Summary
AI-generated summary
McCormick (MKC) CEO Brendan Foley Receives 684 Phantom Shares
What Happened
- Brendan M. Foley, Chairman, President & CEO of McCormick & Co. (MKC), received an award of 684.22 phantom shares on 2026-03-16. The filing shows acquisition at $0.00 (derivative award), meaning no cash purchase; the award is a grant under a compensation/retirement plan.
Key Details
- Transaction date: 2026-03-16; Form 4 filed 2026-03-18 (appears timely).
- Transaction type/code: A — grant/award (derivative).
- Shares reported acquired: 684.22 phantom shares; price reported $0.00 (no cash paid).
- Shares owned after transaction: Not specified in this filing.
- Footnote: Each phantom share represents the right to receive one share of Common Stock — Voting and is payable in shares under the Non‑Qualified Retirement Savings Plan.
Context
- This was an award of phantom (notional) stock tied to the company’s retirement/compensation plan, payable in actual common shares per plan terms. Such awards are routine executive compensation and do not indicate an open‑market purchase or sale.