Brendan M. Foley - Dec 1, 2022 Form 4 Insider Report for MCCORMICK & CO INC (MKC)

Role
President & COO
Signature
Jason E. Wynn, Attorney-in-Fact
Stock symbol
MKC
Transactions as of
Dec 1, 2022
Transactions value $
-$812,406
Form type
4
Date filed
12/5/2022, 01:46 PM
Previous filing
Nov 22, 2022
Next filing
Dec 7, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MKC Common Stock - Voting Options Exercise $0 +20K +28.65% $0.00 89.8K Dec 1, 2022 Direct F1
transaction MKC Common Stock - Voting Tax liability -$812K -9.66K -10.76% $84.10 80.1K Dec 1, 2022 Direct
holding MKC Common Stock - Non Voting 702 Dec 1, 2022 Direct

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 -20K -100% 0 Dec 1, 2022 Common Stock - Voting 20K Direct F1, F3, F4
holding MKC Phantom Stock 6.44K Dec 1, 2022 Common Stock - Voting 0 Non Qualified Retirement Savings Plan F2
* 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 Each share of phantom stock represents the right to receive one share of Common Stock - Voting. Shares of Phantom Stock are payable in shares of Common Stock - Voting in accordance with the terms of the Non-Qualified Retirement Savings Plan.
F3 The RSU's vest over a period of years as follows: 2,500 of such RSU's will vest on December 1, 2018 and December 1, 2019; 10,000 of such RSU's will vest on December 1, 2020; and 20,000 of such RSU's vest on each of December 1, 2021 and December 1, 2022. The increase of RSU's vesting in 2020, 2021 and 2022 was due to the November 30, 2020 stock split.
F4 Restricted Stock Units granted on December 1, 2017.