MCCORMICK & CO INC·4

Jun 3, 12:56 PM ET

Foley Brendan M 4

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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.