Foley Brendan M 4
4 · MCCORMICK & CO INC · Filed Jun 3, 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 53.815 phantom shares (transaction code A) on 2026-06-02. The award is recorded at $46.58 per share for a total value of approximately $2,507. This was an awarded/acquired derivative grant (phantom stock) rather than an open‑market purchase or sale.
Key Details
- Transaction date: 2026-06-02; Form 4 filed 2026-06-03.
- Amount: 53.815 phantom shares at $46.58 per share; total value ≈ $2,507.
- Transaction type/code: A (award/grant — derivative).
- Shares owned after transaction: not specified in the provided filing details.
- Footnote: Each phantom share represents the right to receive one share of Common Stock — Voting and is payable in shares pursuant to the Non‑Qualified Retirement Savings Plan (Footnote F1).
- No indication in the provided information that the filing was late.
Context
Phantom stock is a deferred/derivative award that will be settled in shares of McCormick common stock under the company’s retirement plan terms; it is a compensation/retirement credit, not an immediate market purchase or sale. Such grants are routine components of executive compensation and do not by themselves indicate a buy/sell signal in the open market.
Insider Transaction Report
- Award
Phantom Stock
[F1]2026-06-02$46.58/sh+53.815$2,507→ 14,070.359 total(indirect: Non Qualified Retirement Savings Plan)→ Common Stock - Voting (53.815 underlying)
- 130,344.016
Common Stock - Voting
- 1,388.46
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.