Andrew Foust - Jun 30, 2023 Form 3 Insider Report for MCCORMICK & CO INC (MKC)

Role
President, Americas
Signature
Jason E. Wynn
Stock symbol
MKC
Transactions as of
Jun 30, 2023
Transactions value $
$0
Form type
3
Date filed
7/10/2023, 12:07 PM
Next filing
Sep 6, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding MKC Common Stock - Voting 2.63K Jun 30, 2023 Direct
holding MKC Common Stock - Non Voting 313 Jun 30, 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 Jun 30, 2023 Common Stock - Voting 1.37K $73.70 Direct F1
holding MKC Options - Right to Buy Jun 30, 2023 Common Stock - Voting 4.02K $69.31 Direct F1
holding MKC Options - Right to Buy Jun 30, 2023 Common Stock - Voting 4.36K $89.16 Direct F1
holding MKC Options - Right to Buy Jun 30, 2023 Common Stock - Voting 5.08K $97.26 Direct F1
holding MKC Options - Right to Buy Jun 30, 2023 Common Stock - Voting 6.46K $81.79 Direct F1
holding MKC Options - Right to Buy Jun 30, 2023 Common Stock - Voting 34.1K $93.49 Direct F2
holding MKC Restricted Stock Units Jun 30, 2023 Common Stock - Voting 309 $0.00 Direct F3
holding MKC Restricted Stock Units Jun 30, 2023 Common Stock - Voting 795 $0.00 Direct F4
holding MKC Restricted Stock Units Jun 30, 2023 Common Stock - Voting 1.6K $0.00 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.