Sanchez Ana 4

What Happened Ana Sanchez, President EMEA of McCormick & Co. (MKC), had restricted stock units (RSUs) convert into 427 shares on March 15, 2026. To satisfy tax withholding, 200 of those shares were surrendered at $58.48 per share, totaling $11,696. The net shares issued to Sanchez from this vesting event were 227 shares (427 acquired less 200 withheld).

Key Details

• Transaction date: March 15, 2026; Form 4 filed March 17, 2026 (timely).
• RSU conversion: 427 shares reported as exercised/converted (code M) at $0.00 (no purchase price).
• Tax withholding: 200 shares disposed (code F) at $58.48 each for $11,696.
• Filing also shows a derivative disposition line for 427 shares at $0.00 related to the conversion (administrative reporting of the derivative cancellation).
• Footnotes: these were Restricted Stock Units granted March 29, 2023, vesting in thirds on March 15, 2024; March 15, 2025; and March 15, 2026.
• Shares owned after the transaction: not specified in the provided filing data.

Context

• This was a routine RSU vesting and tax-withholding event, not an open-market purchase or sale; such vesting events are common and do not necessarily signal a change in insider sentiment.
• The operation is effectively a cashless settlement: RSUs converted to shares and a portion withheld to cover taxes rather than a cash payment.