Piper Sarah 4

What Happened Sarah Piper, Chief Human Relations Officer of McCormick & Co. (MKC), was granted 369.584 shares of phantom stock (transaction code A) on March 16, 2026. The grant shows an acquisition price of $0.00 (a compensatory award/derivative grant), and the phantom shares are payable in common voting stock per the plan terms. This was an award of compensation rather than an open‑market purchase or sale.

Key Details

• Transaction date: 2026-03-16; Form 4 filed: 2026-03-18 (filed within the typical two-business-day window).
• Grant: 369.584 phantom shares; price indicated: $0.00 (derivative award).
• Shares owned after transaction: Not specified in the filing.
• Footnote: Each share of phantom stock represents the right to receive one share of Common Stock — Voting; payable in shares under the Non‑Qualified Retirement Savings Plan (see footnote F1).
• Transaction type: Award/Grant (compensatory, code A), not a cash purchase or sale.

Context Phantom stock grants are a form of equity compensation that entitle the holder to receive shares (or their value) in the future; they do not represent immediate open‑market buying or selling and generally reflect compensation policy rather than an investment decision. This transaction is a routine executive compensation award and was reported promptly.