McCormick Exec Kurzius Updates Significant Stake in Common Stock
Ticker: MKC-V · Form: SC 13D/A · Filed: Jan 11, 2024 · CIK: 63754
| Field | Detail |
|---|---|
| Company | Mccormick & CO INC (MKC-V) |
| Form Type | SC 13D/A |
| Filed Date | Jan 11, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 3 min |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: insider-holdings, amendment, executive-ownership
TL;DR
**McCormick exec Kurzius just updated his significant stake, showing continued insider confidence.**
AI Summary
Lawrence Erik Kurzius, a key executive at McCormick & Company, Incorporated, filed an Amendment No. 5 to his Schedule 13D on January 11, 2024, indicating a change in his beneficial ownership of McCormick's Common Stock. This filing, triggered by an event on December 1, 2023, updates his holdings and reflects his ongoing significant stake in the company. This matters to investors because it shows an insider's continued commitment to the company, which can be a positive signal about future performance and stability.
Why It Matters
This filing confirms a key insider's continued substantial ownership in McCormick, signaling confidence in the company's future to current and prospective shareholders.
Risk Assessment
Risk Level: low — This filing is a routine update of an insider's holdings and does not indicate any immediate negative risks to the company or its stock.
Analyst Insight
Investors should view this filing as a routine update of an insider's holdings, reinforcing that a key executive maintains a vested interest in McCormick. It doesn't suggest immediate buying or selling pressure but confirms ongoing insider commitment.
Key Players & Entities
- Lawrence Erik Kurzius (person) — Reporting Person, likely an executive at McCormick & Company, Incorporated
- McCormick & Company, Incorporated (company) — The Issuer of the Common Stock
- Jeffery D. Schwartz (person) — Contact person for McCormick & Company, Incorporated
- C. Alex Bahn (person) — Legal counsel from Wilmer Cutler Pickering Hale and Dorr LLP
- December 1, 2023 (date) — Date of event requiring the filing
- January 11, 2024 (date) — Date the filing was made
Forward-Looking Statements
- Lawrence Erik Kurzius will maintain a significant beneficial ownership stake in McCormick & Company, Incorporated. (Lawrence Erik Kurzius) — high confidence, target: 2025-01-11
FAQ
Who is the reporting person in this SC 13D/A filing?
The reporting person is Lawrence Erik Kurzius, identified by the Central Index Key 0001352090.
What company's securities are the subject of this filing?
The subject company is MCCORMICK & COMPANY, INCORPORATED, with the CUSIP Number 579780206 for its Common Stock.
What was the date of the event that triggered this filing?
The date of the event which required the filing of this statement was December 1, 2023.
What type of securities are being reported on in this filing?
The securities being reported on are Common Stock of McCormick & Company, Incorporated.
What is the purpose of an Amendment No. 5 to a Schedule 13D?
An Amendment No. 5 to a Schedule 13D indicates that there has been a material change in the information previously reported by the beneficial owner, requiring an update to their holdings or intentions regarding the issuer's securities.
Filing Stats: 864 words · 3 min read · ~3 pages · Grade level 12.2 · Accepted 2024-01-11 13:30:56
Filing Documents
- d77038dsc13da.htm (SC 13D/A) — 31KB
- 0001193125-24-006489.txt ( ) — 32KB
Identity and Background
Item 2. Identity and Background (c) The Reporting Persons present principal occupation is Executive Chairman of the Board of the Issuer.
Interest in Securities of the Issuer
Item 5. Interest in Securities of the Issuer (a) As of the date hereof, the Reporting Person beneficially owns, in aggregate, 2,214,345 shares of Common Stock, representing 11.9% of the Issuers outstanding shares of Common Stock. The Reporting Persons beneficial ownership includes 1,845,808 shares of Common Stock that may be acquired within 60 days of the date hereof pursuant to the exercise of vested stock options (including stock options that would become immediately exercisable upon a qualifying retirement) and shares of Common Stock held in a trust controlled by an independent trustee which the Reporting Person may reacquire within 60 days. (b) Number of shares to which such person has: (i) Sole power to vote or direct the vote: 2,214,345 (ii) Shared power to vote or direct the vote: -0- (iii) Sole power to dispose or direct the disposition: 2,214,345 (iv) Shared power to dispose or direct the disposition: -0- (c) The Reporting Person has effected no transactions in the Common Stock within the past sixty days, except as previously reported on a Form 4 filed with the Commission as follows: on December 1, 2023, the Reporting Person was awarded 313,532 options to purchase shares of Common Stock.
SIGNATURES
SIGNATURES After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: January 11, 2024 Lawrence E. Kurzius /s/ Lawrence E. Kurzius