Lawrence Erik Kurzius - Nov 27, 2021 Form 4 Insider Report for MCCORMICK & CO INC (MKC)

Role
Chairman, President & CEO, Director
Signature
Jason E. Wynn, Attorney-in-fact
Stock symbol
MKC
Transactions as of
Nov 27, 2021
Transactions value $
-$1,168,121
Form type
4
Date filed
12/1/2021, 03:08 PM
Previous filing
Nov 2, 2021
Next filing
Dec 2, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MKC Common Stock - Voting Options Exercise +28K +43.59% 92.4K Nov 27, 2021 Direct F1
transaction MKC Common Stock - Voting Tax liability -$1.17M -13.5K -14.66% $86.24 78.8K Nov 27, 2021 Direct F2
holding MKC Common Stock - Voting 25K Nov 27, 2021 IRA
holding MKC Common Stock - Voting 14.5K Nov 27, 2021 401(k) Retirement Plan
holding MKC Common Stock - Voting 14K Nov 27, 2021 By 2020 GRAT A
holding MKC Common Stock - Voting 14K Nov 27, 2021 By 2020 GRAT B
holding MKC Common Stock -Voting 14.5K Nov 27, 2021 By 2021 GRAT C
holding MKC Common Stock - Voting 14.5K Nov 27, 2021 By 2021 GRAT D

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction MKC Restricted Stock Units Options Exercise -28K -100% 0 Nov 27, 2021 Common Stock - Voting 28K Direct F1, F3, F4
holding MKC Phantom Stock 29.1K Nov 27, 2021 Common Stock - Voting 0 Non-Qualified Retirement Savings Plan F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted Stock Units; No purchase price required.
F2 Due to administrative error, the Reporting Person's previous Form 4 filed on March 15, 2021 incorrectly reported the Reporting Person's direct holdings of Common Stock - Voting as 177,849 when it should have been reported as 174,332.
F3 The Restricted Stock Units vest in thirds over a three year period beginning on November 27, 2019, November 27, 2020 and November 27, 2021.
F4 The Restricted Stock Units granted on November 27, 2018.
F5 Each share of phantom stock represents the right to receive one share of Common Stock - Voting shares of Phantom Stock which are payable in shares of Common Stock - Voting in accordance with the terms of the Non-Qualified Retirement Savings Plan.