Brendan M. Foley, the Chairman, President, and CEO of McCormick & Co Inc, has reported a change in his beneficial ownership of the company's stock. This filing is significant as it highlights Foley's ongoing commitment to McCormick, a key player in the food preparations industry.
McCormick & Co Inc, known for its diverse range of spices and flavorings, is classified under the SIC code for miscellaneous food preparations and kindred products. The company has been a staple in the food industry, providing essential products to consumers and businesses alike.
According to the recent SEC filing, dated October 13, 2026, Foley's ownership report reveals that he currently holds 130,344 shares of common stock, along with 1,770 non-voting shares. Additionally, he acquired 54.566 shares of phantom stock, which is part of a non-qualified retirement savings plan. After this transaction, Foley's total ownership of voting shares increased to 14,643.386 shares.
"Each share of phantom stock represents the right to receive one share of Common Stock - Voting," the filing notes.
This update may impact various stakeholders, including McCormick's investors and employees, as it underscores the alignment of executive interests with those of shareholders. The food preparations sector, which includes competitors such as spices and condiment manufacturers, may also observe these developments closely as they navigate their own executive compensation strategies.
Looking ahead, the filing does not specify any further actions or upcoming filings related to this ownership change.