Schwartz Jeffery D 4/A

What Happened
Jeffery D. Schwartz, Vice President and General Counsel of McCormick & Co. (MKC), converted 4,126 restricted stock units (RSUs) into shares on 2026-02-15 and, concurrently, had a total of 7,616 shares withheld to cover tax obligations. The withheld shares were reported as disposals in two tranches: 6,340 shares at $71.61 each ($454,007) and 1,276 shares at $71.61 each ($91,374), totaling approximately $545,381. This is a routine tax-withholding transaction rather than an open-market sale.

Key Details

• Transaction date: 2026-02-15 (reported on an amended Form 4 filed 2026-03-24).
• Acquired: 4,126 shares via exercise/conversion of RSUs (code M). No purchase price (RSUs).
• Disposed (withheld for taxes): 6,340 shares @ $71.61 = $454,007 and 1,276 shares @ $71.61 = $91,374 (codes F). Total withheld ≈ $545,381.
• Net share change on the transaction: +4,126 acquired, -7,616 withheld → net -3,490 shares.
• Footnotes: F1 indicates shares were withheld for taxes on shares previously reported 1/21/2026 under the Long‑Term Incentive Plan; F2 confirms these were Restricted Stock Units (no purchase price); F3 notes this is an amendment correcting an administrative error in the originally filed Form 4.
• Filing timeliness: Original Form 4 was filed 2026-02-18 and this amendment was filed 2026-03-24; the amendment corrects beneficial-ownership reporting.

Context
This was a conversion of RSUs with shares withheld to satisfy tax withholding—common executive compensation mechanics and typically not taken as a directional market signal. For retail investors, purchases (open-market buys) tend to be more informative of insider sentiment than routine withholding/sales related to tax obligations. Check the amended Form 4 on the SEC EDGAR site for the corrected beneficial ownership totals.