Foley Brendan M 4

What Happened Brendan M. Foley, Chairman, President & CEO of McCormick & Co. (MKC), reported two acquisitions: a 5-share dividend reinvestment on 2026-04-28 at $51.34 ($257) and a grant/award of 53.678 derivative (phantom) shares on 2026-05-18 valued at $46.70 each ($2,507). Combined, the transactions represent roughly $2,764 in insider acquisitions. Both are acquisitions (not sales), and amounts are modest and consistent with routine compensation and reinvestment activity.

Key Details

• Dates and prices:
  • 2026-04-28: Other acquisition (dividend reinvestment) — 5 shares @ $51.34 = $257 (Footnote F1).
  • 2026-05-18: Grant/award (derivative) — 53.678 shares @ $46.70 = $2,507 (Footnote F2).
• Shares owned after the transactions: not specified in the provided excerpt of the filing.
• Footnotes:
  • F1 = Dividend reinvestment.
  • F2 = Each phantom share represents the right to receive one share of Common Stock — Voting; payable in shares under the Non‑Qualified Retirement Savings Plan.
• Filing: Form 4 filed with accession 0000063754-26-000226 on 2026-05-19, reporting the above transactions.

Context The 5-share entry is a routine dividend reinvestment. The 53.678-share item is a phantom stock award (a derivative award that will be settled in actual shares per plan rules), not an option exercise or open‑market purchase. These small, routine acquisitions generally reflect standard compensation and plan activity rather than a clear bullish or bearish signal.