MCMULLEN CHRISTINA M 4
4 · MCCORMICK & CO INC · Filed Dec 2, 2020
Insider Transaction Report
Form 4
MCMULLEN CHRISTINA M
Chief Accounting Officer
Transactions
- Award
Option - Right to Buy
2020-11-30+19,160→ 19,160 totalExercise: $93.49→ Common Stock - Voting (19,160 underlying)
Holdings
- 3,546
Common Stock - Voting
- 78
Common Stock - Non Voting
- 441.541(indirect: Non-Qualified Retirement Savings Plan)
Phantom Stock
→ Common Stock - Voting (0 underlying)
Footnotes (3)
- [F1]Amounts reported herein reflect the Issuer's 2 for 1 stock split of its common stock and common stock non-voting, effective November 30, 2020.
- [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 perfomance requirements must be met for the portion of the grant to become exercisable.
- [F3]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.