Foley Brendan M 4

What Happened Brendan M. Foley, Chairman, President & CEO of McCormick & Co. (MKC), was granted 48.15 shares as a derivative award on 2026-06-29. The filing lists the grant at an economic value of $52.06 per share, for a total of about $2,507. This was an award/acquisition (transaction code A) of phantom stock under a company plan, not an open-market purchase or sale.

Key Details

• Transaction date: 2026-06-29; Filing date: 2026-07-01 (filed timely under Form 4 rules).
• Grant size and value: 48.15 phantom shares × $52.06 = ~$2,507.
• Transaction type: Award/derivative (phantom stock), not a cash purchase or sale.
• Footnote F2: Each phantom share represents the right to receive one voting common share and is payable in voting shares under the Non‑Qualified Retirement Savings Plan.
• Footnote F1: Separately, the reporting person’s nonvoting common stock balance increased by 355 shares previously through dividend reinvestment and the ESPP.
• Shares owned after transaction: not specified in the provided extract.

Context Phantom stock grants are a derivative form of equity compensation that entitle the holder to receive shares (or their cash equivalent) in the future per plan terms; they do not represent immediate open‑market buying or selling. This small-value award appears to be routine compensation/retirement plan accrual rather than a market-timing trade.