Foust Andrew 4
4 · MCCORMICK & CO INC · Filed Mar 17, 2026
Research Summary
AI-generated summary of this filing
McCormick (MKC) President Andrew Foust Receives RSUs; 177 Shares Withheld
What Happened
Andrew Foust, President, Americas of McCormick & Co. (MKC), had 533 restricted stock units (RSUs convert/vest) on March 15, 2026. The RSUs converted into 533 common shares (no purchase price). To satisfy tax withholding, 177 of those shares were surrendered (disposed) at $58.48 per share totaling $10,351. That leaves a net delivery of 356 shares to Foust (533 − 177), worth about $20,819 based on the $58.48 per-share figure reported.
Key Details
- Transaction date: March 15, 2026; Form 4 filed March 17, 2026 (timely; filed within two business days).
- Vest/Conversion: 533 RSUs converted to 533 shares (code M; no exercise price).
- Tax withholding: 177 shares withheld/Disposed (code F) at $58.48 each for ~$10,351.
- Net shares received: 356 shares (approx. $20,819 at $58.48).
- Footnotes: RSUs require no purchase price (F1); these RSUs vest in thirds on March 15, 2024, 2025 and 2026 (F2); grant date March 29, 2023 (F3).
- Shares owned after transaction: not reported in the data provided in this filing.
Context
This was a routine RSU vesting with tax-withholding, not an open-market sale. The transaction reflects award vesting (receipt of shares) and a withholding disposition to cover taxes — common practice and not necessarily a signal of insider sentiment. The filing appears timely under Form 4 rules.
Insider Transaction Report
- Exercise/Conversion
Common Stock - Voting
[F1]2026-03-15+533→ 13,460.51 total - Tax Payment
Common Stock - Voting
2026-03-15$58.48/sh−177$10,351→ 13,283.51 total - Exercise/Conversion
Restricted Stock Units
[F1][F3][F2]2026-03-15−533→ 0 total→ Common Stock - Voting (533 underlying)
- 334.44
Common Stock - Non Voting
Footnotes (3)
- [F1]Restricted Stock Units; No purchase price required.
- [F2]The Restricted Stock Units vest in thirds over a three-year period beginning March 15, 2024, March 15, 2025 and March 15, 2026.
- [F3]The Restricted Stock Units granted on March 29, 2023.