Foley Brendan M 4

What Happened

Brendan M. Foley, Chairman, President & CEO of McCormick & Co. (MKC), was granted 49.799 shares of phantom stock on 2026-04-02. The grant is recorded at a per-share value of $48.85, for a total reported value of approximately $2,433. The transaction is reported as an award/grant (derivative).

Key Details

• Transaction date: 2026-04-02; Form 4 filed 2026-04-06 (no late filing indicated in the report).
• Transaction type/code: A — Grant, award or other acquisition (derivative).
• Shares granted: 49.799 phantom shares at $48.85 each; total value ≈ $2,433.
• Shares owned after transaction: Not disclosed in this Form 4.
• 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 a derivative award (phantom stock) under a company retirement plan, not an open‑market purchase or sale. Phantom shares represent a future right to receive actual common shares per the plan terms; they are commonly used for compensation/retirement purposes and do not represent an immediate cash purchase.