Foley Brendan M 4
4 · MCCORMICK & CO INC · Filed Apr 23, 2026
Research Summary
AI-generated summary of this filing
McCormick CEO Brendan Foley Receives Phantom Stock Award
What Happened
Brendan M. Foley, Chairman, President & CEO of McCormick & Co., received an award of 48.225 phantom shares (derivative securities) on April 21, 2026. The award was valued at $51.98 per share, about $2,507 in total. This transaction is reported as an award/grant (transaction code A), not a market purchase or sale.
Key Details
- Transaction date: 2026-04-21; reported on Form 4 filed 2026-04-23 (timely filing).
- Instrument: Phantom Stock (derivative), 48.225 units at $51.98 each; total value ≈ $2,507.
- 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.
- Transaction type code: A (award/grant); derivative transaction (not an open‑market trade).
Context
Phantom stock awards are a compensation/retirement vehicle that give the recipient a right to receive company shares (or cash tied to share value) in the future; they are routine executive compensation and do not indicate an immediate buy/sell market action. This is a small, plan‑based award rather than a discretionary large purchase or sale.
Insider Transaction Report
- Award
Phantom Stock
[F1]2026-04-21$51.98/sh+48.225$2,507→ 13,779.888 total(indirect: Non Qualified Retirement Savings Plan)→ Common Stock - Voting (48.225 underlying)
- 130,056.016
Common Stock - Voting
- 1,383.46
Common Stock - Non Voting
Footnotes (1)
- [F1]Each share of phantom stock represents the right to receive one share of Common Stock - Voting. Shares of Phantom Stock are payable in shares of Common Stock - Voting in accordance with the terms of the Non-Qualified Retirement Savings Plan.