McCormick (MKC) CEO Brendan Foley Receives Phantom Stock Award

What Happened

• Brendan M. Foley, Chairman, President & CEO (and Director) of McCormick & Co. (MKC), was granted 51.063 shares of phantom stock on 2026-09-23. The grant is recorded at $49.09 per share for an aggregate value of about $2,507. This is an award/grant (derivative) under the company's non-qualified retirement savings plan, not an open‑market purchase or sale.

Key Details

• Transaction date: 2026-09-23; filing date: 2026-09-24 (timely).
• Transaction type: A = Award/Grant (derivative phantom stock).
• Quantity and price: 51.063 shares @ $49.09 per share; total ≈ $2,507.
• Shares owned after transaction: Not disclosed in this Form 4.
• Footnote: Each share of phantom stock represents the right to receive one share of Common Stock - Voting and is payable in voting common shares per the Non‑Qualified Retirement Savings Plan.
• No indication of a 10b5-1 plan, sale, gift, or tax‑withholding event in this filing.

Context

• This grant is a compensation award (phantom stock) rather than a purchase or sale; such grants are routine executive compensation and do not by themselves signal a buy or sell decision. The award is a derivative right that will be payable in actual voting common shares under plan terms.