Foley Brendan M 4
4 · MCCORMICK & CO INC · Filed Jun 18, 2026
Research Summary
AI-generated summary of this filing
McCormick CEO Brendan Foley Buys 11 Shares, Receives 53.121-Share Award
What Happened
Brendan M. Foley, Chairman, President & CEO of McCormick & Co. (MKC), made two acquisitions reported on this Form 4. On 2026-04-27 he acquired 11 shares via dividend reinvestment at $51.41 each (total ~$565). On 2026-06-16 he received a grant of 53.121 phantom shares (derivative award) valued at $47.19 each (total ~$2,507).
Key Details
- Transactions and codes: 2026-04-27 — 11 shares acquired (code J, dividend reinvestment; F1); 2026-06-16 — 53.121 phantom shares granted (code A, derivative award).
- Prices and values: $51.41/share for the 11-share reinvestment ($565); $47.19/share imputed value for 53.121 phantom shares ($2,507).
- Shares owned after transaction: Not specified in the provided filing details.
- Footnotes: F1 = Dividend reinvestment; F2 = Each phantom share equals the right to one voting common share and is payable in shares under the Non‑Qualified Retirement Savings Plan.
- Timeliness: The Form 4 was filed 2026-06-18 for a 2026-04-27 transaction; Form 4s are normally due within 2 business days, so this filing appears late.
Context
The 11-share transaction is a small, routine dividend reinvestment (common and generally not a market signal). The 53.121-share entry is a phantom stock award (a derivative grant) that entitles Foley to receive one voting share per phantom share under the company’s retirement plan—this is a compensation/plan payment, not an open-market purchase.
Insider Transaction Report
- Other
Common Stock - Non Voting
[F1]2026-04-27$51.41/sh+11$565→ 1,399.46 total - Award
Phantom Stock
[F2]2026-06-16$47.19/sh+53.121$2,507→ 14,123.48 total(indirect: Non Qualified Retirement Savings Plan)→ Common Stock - Voting (53.121 underlying)
- 130,344.016
Common Stock - Voting
Footnotes (2)
- [F1]Dividend Reinvestment
- [F2]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.