McCormick CEO Brendan Foley Receives Phantom Stock Award

What Happened
Brendan M. Foley, Chairman, President & CEO and a director of McCormick & Co. (MKC), was granted 49.19 shares of phantom stock on July 30, 2026. The award is recorded at $50.96 per share for a total value of approximately $2,507. This transaction is reported as an award/acquisition (derivative), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-07-30; grant type: Award/Grant (code A, derivative).
• Shares/amount: 49.19 phantom shares at $50.96 per share; total value ≈ $2,507.
• Shares owned after transaction: Not disclosed in this filing.
• Footnote: Each phantom share represents the right to receive one voteable common share and is payable in shares under the company’s Non‑Qualified Retirement Savings Plan (per footnote F1).
• Filing: Reported on Form 4 with accession date 2026-08-03 (form shows the transaction and award details).

Context Phantom stock awards are a form of compensation that entitle the holder to receive company shares (or their cash value) in the future; they are routine for executives and do not by themselves signal a buy/sell decision. Because this was an awarded grant and not a market purchase, it should be viewed as compensation rather than a direct insider investment signal.