Tapiero Jacques 4

What Happened
Jacques Tapiero, a director of McCormick & Co. (MKC), recorded two derivative acquisitions: a dividend reinvestment that purchased 22.598 phantom shares on 2026-04-27 at $50.40 each (value $1,139), and a grant/award of 210.04 phantom shares on 2026-06-08 valued at $10,000 (price shown $47.61). Both transactions are recorded as derivative/phantom stock acquisitions (not open-market purchases of common stock).

Key Details

• Transaction dates and amounts:
  • 2026-04-27: 22.598 shares at $50.40 (Other acquisition/disposition (J)) — $1,139 (derivative); footnote F1 indicates Dividend Reinvestment.
  • 2026-06-08: 210.04 shares at $47.61 (Grant/award (A)) — $10,000 (derivative); footnote F2 describes phantom stock terms.
• Total acquired: 232.638 phantom-share equivalents with an aggregate reported value of $11,139.
• Shares owned after the transactions: not specified in the Form 4 summary provided.
• Filing info: Form 4 was filed 2026-06-10 and reports transactions dated 2026-04-27 and 2026-06-08. (SEC rules generally require Form 4 within two business days of a transaction; reviewers may note the reporting interval.)
• Footnotes: F1 = Dividend reinvestment; F2 = Each phantom share equals the right to receive one voting common share under the Non‑Qualified Retirement Savings Plan (payable in actual shares per plan terms).

Context
These were derivative/phantom-share acquisitions (rights to receive shares under a company plan), not immediate purchases of common stock. Phantom stock awards and dividend reinvestments are common components of director compensation and vesting/payment rules determine when (or if) actual shares are delivered. The filings are informational — they document compensation and plan activity rather than a contemporaneous open‑market buy or sell.