Ana Sanchez - 30 Jun 2023 Form 3 Insider Report for MCCORMICK & CO INC (MKC)

Role
President EMEA
Signature
Jason E. Wynn
Issuer symbol
MKC
Transactions as of
30 Jun 2023
Net transactions value
$0
Form type
3
Filing time
10 Jul 2023, 11:20:30 UTC
Next filing
06 Sep 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding MKC Common Stock - Voting 2,467 30 Jun 2023 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
holding MKC Options - Right to Buy 30 Jun 2023 Common Stock - Voting 1,818 $73.70 Direct F1
holding MKC Options - Right to Buy 30 Jun 2023 Common Stock - Voting 3,770 $69.31 Direct F1
holding MKC Options - Right to Buy 30 Jun 2023 Common Stock - Voting 2,179 $89.16 Direct F1
holding MKC Options - Right to Buy 30 Jun 2023 Common Stock - Voting 2,823 $97.26 Direct F1
holding MKC Options - Right to Buy 30 Jun 2023 Common Stock - Voting 5,168 $81.79 Direct F1
holding MKC Options - Right to Buy 30 Jun 2023 Common Stock - Voting 17,032 $93.49 Direct F2
holding MKC Restricted Stock Units 30 Jun 2023 Common Stock - Voting 155 $0.000000 Direct F3
holding MKC Restricted Stock Units 30 Jun 2023 Common Stock - Voting 442 $0.000000 Direct F4
holding MKC Restricted Stock Units 30 Jun 2023 Common Stock - Voting 1,279 $0.000000 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The option grant becomes exercisable in thirds of each of the first three (3) grant anniversaries.
F2 The option grant vests after the third anniversary date and is only exercisable if certain stock price performance requirements are met. The performance requirements are an increase in the common stock non-voting price of 60% for 1/3 of the options, an increase in the common stock non-voting price of 80% for 1/3 of the options, and an increase in the common stock non-voting price of 100% for 1/3 of the options, in each case within five years of the grant date. Both the vesting date and performance requirements must be met for the portion of the grant to become exercisable.
F3 The Restricted Stock Units vest in thirds over a three-year period beginning March 15, 2022, March 15, 2023 and March 15, 2024.
F4 The Restricted Stock Units vest in thirds over a three-year period beginning March 15, 2023, March 15, 2024 and March 15, 2025.
F5 The Restricted Stock Units vest in thirds over a three-year period beginning March 15, 2024, March 15, 2025 and March 15, 2026.