McCormick (MKC) CEO Brendan Foley Receives Phantom Stock Award

What Happened Brendan M. Foley, Chairman, President & CEO of McCormick & Company (MKC), received a grant of 48.3 phantom shares (derivative award) on 2026-09-08. The award is recorded at $51.90 per share for a total reported value of approximately $2,507. This was an award/grant (code A) of phantom stock under a non-qualified retirement savings plan, not an open-market purchase or sale.

Key Details

• Transaction date: 2026-09-08; Form 4 filed: 2026-09-09 (timely filing).
• Type: Award/Grant of derivative securities (phantom stock), reported at $51.90 per share.
• Shares/units granted: 48.3 phantom shares; reported total value ≈ $2,507.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnote: Each phantom share represents the right to receive one voting share of Common Stock; payouts under the Non‑Qualified Retirement Savings Plan are payable in shares of common stock.
• No indication of tax-withholding, 10b5-1 plan, or late filing in the provided data.

Context Phantom stock is a deferred-compensation award that entitles the holder to receive shares (or their cash value) in the future; it does not reflect an immediate market purchase or sale. Such awards are routine forms of executive compensation and generally do not by themselves indicate a change in the insider’s view of the company’s stock.