McCormick (MKC) CEO Brendan Foley Acquires Shares & Phantom Stock

What Happened Brendan M. Foley, Chairman, President & CEO of McCormick & Co. (MKC), recorded several small acquisitions between July 20 and August 24, 2026. Transactions include dividend reinvestment purchases of 11 and 5 shares, plus acquisitions of phantom stock (derivative shares) of 130.215 and 44.604 units. Reported values total approximately $10,140. These were acquisitions tied to dividend reinvestment and company plan grants (routine compensation/plan activity), not open‑market purchases.

Key Details

• Transactions and amounts:
  • 2026-07-20: 11 shares acquired at $51.42 each — $566 (dividend reinvestment; footnote F1).
  • 2026-07-22: 5 shares acquired at $52.90 each — $265 (dividend reinvestment; F1).
  • 2026-07-20: 130.215 phantom shares acquired at $52.24 each — $6,802 (derivative; F2).
  • 2026-08-24: 44.604 phantom shares granted at $56.20 each — $2,507 (derivative award).
• Footnotes:
  • F1 = Dividend reinvestment.
  • F2 = Phantom stock: each unit represents the right to one voting share and is payable in common stock under the Non‑Qualified Retirement Savings Plan.
• Shares owned after these transactions: not shown in the provided filing excerpt.
• Timeliness: The Form 4 was filed 2026-08-25 for transactions beginning 2026-07-20; the July transactions appear to have been reported well after the typical two‑business‑day Form 4 window, while the Aug 24 grant was filed promptly (within one day).

Context These entries are small, routine acquisitions tied to dividend reinvestment and company compensation/retirement plan mechanics (phantom stock awards). Such transactions generally reflect plan activity rather than discretionary open‑market buying or selling by the insider.