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Companies Mccormick & Co Inc

Mccormick (MKC): executive pay, fiscal 2025

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CEO total pay$10,831,581CEO Brendan Foley · source
Say-on-pay support96.12%Latest vote · source
CEO vs. named peers40th pct.Of 10 peer CEOs
CEO pay ratio261:1To the median employee · source

CEO pay, last three years

  • $5,213,172FY2023
  • $10,849,622FY2024
  • $10,831,581FY2025

CEO total pay was $10,831,581 in fiscal 2025, down from $10,849,622 in fiscal 2024.

FY2025: salary $1,139,084 · bonus $0 · stock awards $8,600,105 · option awards $0

Executives and directors

Frequently asked questions

Who was the highest-paid executive at Mccormick & Co Inc in fiscal 2025?
As disclosed, Brendan Foley (Chairman, President and Chief Executive Officer) was the highest-paid executive at Mccormick & Co Inc in fiscal 2025, with total compensation of $10,831,581.
How does Mccormick & Co Inc's chief executive pay compare to its disclosed peer group?
As disclosed, Brendan Foley's total compensation ranked at the 40th percentile of Mccormick & Co Inc's disclosed peer group.
What is Mccormick & Co Inc's CEO-to-median employee pay ratio?
As disclosed, Mccormick & Co Inc's CEO-to-median employee pay ratio was 261:1.
How did shareholders vote on Mccormick & Co Inc's executive compensation?
As disclosed, 96.12% of shareholders supported Mccormick & Co Inc's executive compensation in the latest say-on-pay vote.
How much does Mccormick & Co Inc spend in total on board compensation for fiscal 2025?
As disclosed, Mccormick & Co Inc reported total board compensation of $3,241,270 for fiscal 2025.

Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.

Full detail

Every table from the filing. Open any section.

Summary compensation table
Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Brendan Foley$1,139,084$0$8,600,105$0$720,130$0$372,262$10,831,581
Chairman, President and Chief Executive Officer
Jeffery Schwartz683,84601,850,1020236,9464,438174,9392,950,272
Vice President, General Counsel and Secretary
Marcos Gabriel650,00001,700,0740236,3400152,9032,739,317
Executive Vice President and Chief Financial Officer
Andrew Foust634,61501,300,1230206,5050179,1932,320,436
President, Americas
Sarah Piper569,51901,000,0650185,840196171,5551,927,175
Chief Human Relations Officer

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY2024→2025
Brendan Foley$10,831,581$10,849,622$5,213,172↓ −18,041
Jeffery Schwartz2,950,2723,385,8523,199,663↓ −435,580
Marcos Gabriel2,739,317———
Andrew Foust2,320,4362,275,038—↑ +45,398
Sarah Piper1,927,1752,058,4181,776,880↓ −131,243

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

Incentive-plan design — the Compensation Discussion & Analysis

The core philosophy of McCormick's executive compensation program is to pay for performance and retain key talent. McCormick's compensation program is designed to align McCormick's executive compensation with our Five Guiding Principles, advance our leadership and differentiation in the market and deliver long-term stockholder value.

CEO STI target (% of salary)155%
CEO LTI target (% of salary)—
Independent consultantWTW (Willis Towers Watson)
Clawback policyTrue
Anti-hedgingTrue
Anti-pledgingTrue
Equity grants and outstanding awards

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Andrew FoustRSU2025-02-07——8,700—$650,141
Brendan FoleyPSU2025-02-0713,91655,664—166,9924,300,044
Andrew FoustPSU2025-02-072,1048,415—25,245650,059
Jeffery SchwartzPSU2025-02-072,99411,975—35,925925,069
Jeffery SchwartzRSU2025-02-07——12,380—925,111
Marcos GabrielRSU2025-02-07——11,376—850,092
Sarah PiperPSU2025-02-071,6196,473—19,419500,039
Sarah PiperRSU2025-02-07——6,692—500,103
Marcos GabrielPSU2025-02-072,75111,004—33,012850,059
Brendan FoleyRSU2025-02-07——57,549—4,300,139

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Andrew Foust$650,141$650,059$050.0%
Brendan Foley4,300,1394,300,044050.0%
Jeffery Schwartz925,111925,069050.0%
Marcos Gabriel850,092850,059050.0%
Sarah Piper500,103500,039050.0%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Marcos GabrielPSU240—$16,195
Andrew FoustRSU533—35,967
Marcos GabrielOption96981.79—
Marcos GabrielRSU1,260—85,025
Andrew FoustOption2,15481.79—
Marcos GabrielOption4,88776.03—
Marcos GabrielPSU5,378—362,907
Sarah PiperOption6,46081.79—
Sarah PiperRSU6,692—451,576
Andrew FoustRSU8,700—587,076
Marcos GabrielRSU11,376—767,652
Jeffery SchwartzRSU12,380—835,402
Sarah PiperPSU12,946—873,596
Sarah PiperPSU13,058—881,154
Jeffery SchwartzOption14,64481.79—
Sarah PiperOption15,10476.03—
Andrew FoustPSU15,362—1,036,628
Andrew FoustPSU16,830—1,135,688
Andrew FoustOption17,76976.03—
Brendan FoleyOption20,67281.79—
Marcos GabrielPSU22,008—1,485,100
Jeffery SchwartzPSU23,950—1,616,146
Jeffery SchwartzPSU27,650—1,865,822
Jeffery SchwartzOption31,98476.03—
Brendan FoleyRSU57,549—3,883,407
Brendan FoleyPSU111,328—7,512,413
Brendan FoleyPSU115,208—7,774,236
Brendan FoleyOption133,26376.03—
Director compensation
DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Lawrence E. KurziusIndependent · Departed during FY$25,000$396,000$0—$0$421,000
Michael D. ManganIndependent · Lead Independent Director · Compensation and Human Capital130,000170,0270—0300,027
Anne L. BrammanIndependent · Audit (Chair)125,000170,0270—0295,027
Margaret M.V. PrestonIndependent · Nominating and Corporate Governance (Chair)120,000170,0270—0290,027
W. Anthony VernonIndependent · Compensation and Human Capital (Chair) · Not standing for re-election120,000170,0270—0290,027
Gary M. RodkinIndependent · Compensation and Human Capital100,000170,0270—0270,027
Michael A. ConwayIndependent · Nominating and Corporate Governance100,000170,0270—0270,027
Terry S. ThomasIndependent · Nominating and Corporate Governance100,000170,0270—0270,027
Valarie L. SheppardIndependent · Audit100,000170,0270—0270,027
Maritza G. MontielIndependent · Not standing for re-election100,000170,0270—0270,027
Jacques TapieroIndependent · Compensation and Human Capital100,000170,0270—0270,027
Patricia LittleIndependent · Departed during FY25,000—0—025,000
Brendan M. FoleyEmployee director000—00
Richard A. DierkerIndependent · Audit · Newly elected000—00
Gavin D. HattersleyIndependent · Compensation and Human Capital · Newly elected000—00

Board fee structure and ownership guideline

Annual cash retainer$100,000
Annual equity retainer$170,000
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)25,000 / 20,000 / 20,000
Stock ownership guideline$5

Total cost of the board

ComponentFY2025
Cash retainers and fees$1,145,000
Equity awards (grant-date value)$2,096,270
All other compensation$0
Total cost of the board$3,241,270

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

Peer group, and who names Mccormick as a peer

Companies that benchmark against MKC

28 companies name MKC as a compensation peer

The list of companies that name MKC as a peer is temporarily unavailable — recheck shortly.

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

Peer reciprocity

The companies Mccormick & Co Inc names as compensation peers that name it back in their own disclosed peer groups.

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company’s own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1The Hershey Company2025Kirk Tanner$456,731$14,674,113$0$1,358,052$16,806,399
2International Flavors Fragrances Inc.2025J. Erik Fyrwald1,026,25011,656,76402,047,23015,002,866
3General Mills, Inc.2026Jeffrey Harmening1,350,0007,326,4052,279,9731,404,54014,018,052
4The Clorox Company2026Linda Rendle1,344,23110,699,89501,202,85014,000,460
5ConAgra Brands, Inc.2026Sean Connolly1,415,0008,958,37202,827,17013,680,675
6The Campbell's Company2026Mick Beekhuizen1,233,0008,043,56301,226,61010,965,019
7Mccormick & Co Inc2025Brendan Foley1,139,0848,600,1050720,13010,831,581
8Church Dwight Co., Inc.2025Richard Dierker986,5801,770,9735,313,1001,472,6569,799,678
9Flowers Foods, Inc.2025A. Ryals McMullian1,041,7305,735,8420733,5247,776,698
10Hormel Foods Corporation2025James Snee1,050,0002,000,0131,999,7701,453,0007,395,224
11The Hain Celestial Group Inc.2025Wendy Davidson789,8083,530,682004,546,417

Each peer’s compensation is from its most recently filed proxy; fiscal years differ by company. Each peer’s figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Mccormick & Co Inc40.4%PSU 50 · RSU 50Yes — McCormick's TSR relative to the TSR generated by our Peer Group companiesWTW (Willis Towers Watson)
Church Dwight Co., Inc.125%Options 75 · PSU 15 · RSU 10NoSemler Brossy Consulting Group
ConAgra Brands, Inc.not disclosedPSU 60 · RSU 40Yes — Relative TSRFW Cook
Flowers Foods, Inc.56.3%PSU 70 · RSU 30Yes — TSR vs. Peer GroupMeridian Compensation Partners, LLC
General Mills, Inc.58%PSU 50 · RSU 25 · Option 25Yes — Relative TSR ModifierFW Cook
Hormel Foods Corporation66%PSU 50 · Options 25 · RSU 25Yes — Relative TSRPearl Meyer
International Flavors Fragrances Inc.98.9%PSU 60 · RSU 40Yes — Relative TSR vs. S&P 500 - ChemicalsFW Cook
The Campbell's Companynot disclosedPSU 60 · RSU 40Yes — Relative TSRFW Cook
The Clorox Company54%PSU 60 · RSU 40NoFW Cook
The Hain Celestial Group Inc.not disclosedRSU 50 · PSU 50Yes — Relative TSR versus the S&P Food & Beverage Select Industry IndexClearBridge Compensation Group, LLC
The Hershey Companynot disclosedPSU 65 · RSU 35NoF.W. Cook

Read from each company’s Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company’s filing does not state the item.

Say-on-pay history and pay ratio
Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-04-016,948,728280,800151,42896.12%Passed
20252025-03-267,834,077162,008291,95097.97%Passed
20242024-03-279,262,165428,103356,76795.58%Passed
20232023-03-2910,390,708286,11840,70297.32%Passed
20222022-03-3010,636,413398,67642,28196.39%Passed
20212021-03-3111,620,070247,68680,73397.25%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year’s compensation.

Say-on-pay — history, company’s computation

Meeting yearMeeting dateApproval — company’s computation
20262026-04-0196.12%a
20252025-03-2697.97%b
20242024-03-2795.58%c

a. Approved under the standard stated in the filing — “Abstentions and "broker non-votes" (see below), if any, are not counted in the number of votes cast and therefore will have no effect on the results of the vote for these proposals.”.

b. Approved under the standard stated in the filing — “Abstentions and "broker non-votes" (see below), if any, are not counted in the number of votes cast and therefore will have no effect on the results of the vote for these proposals.”.

c. Approved under the standard stated in the filing — “Abstentions and "broker non-votes" (see below), if any, are not counted in the number of votes cast and therefore will have no effect on the results of the vote for these proposals.”.

Approval percentages are the company’s own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

CEO pay ratio

Ratio (CEO : median employee)261 : 1
CEO total compensation$10,831,581
Median employee compensation$41,468
Insider trades since the proxy

No insider equity transactions reported since the proxy statement.

Sources (54 citations)

Each figure is listed with the filing it comes from, where it appears in that filing, and the value as printed. Any figure can be independently confirmed against the source.

  • Section 01, Brendan Foley. DEF 14A, filed 2026-02-18. Section “Summary Compensation Table” · page 43. As printed: 10,831,581. View filing ↗
  • Section 01, Jeffery Schwartz. DEF 14A, filed 2026-02-18. Section “Summary Compensation Table” · page 43. As printed: 2,950,272. View filing ↗
  • Section 01, Marcos Gabriel. DEF 14A, filed 2026-02-18. Section “Summary Compensation Table” · page 43. As printed: 2,739,317. View filing ↗
  • Section 01, Andrew Foust. DEF 14A, filed 2026-02-18. Section “Summary Compensation Table” · page 43. As printed: 2,320,436. View filing ↗
  • Section 01, Sarah Piper. DEF 14A, filed 2026-02-18. Section “Summary Compensation Table” · page 43. As printed: 1,927,175. View filing ↗
  • Section 03, Andrew Foust RSU. DEF 14A, filed 2026-02-18. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Brendan Foley PSU. DEF 14A, filed 2026-02-18. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Andrew Foust PSU. DEF 14A, filed 2026-02-18. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Jeffery Schwartz PSU. DEF 14A, filed 2026-02-18. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Jeffery Schwartz RSU. DEF 14A, filed 2026-02-18. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Marcos Gabriel RSU. DEF 14A, filed 2026-02-18. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Sarah Piper PSU. DEF 14A, filed 2026-02-18. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Sarah Piper RSU. DEF 14A, filed 2026-02-18. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Marcos Gabriel PSU. DEF 14A, filed 2026-02-18. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Brendan Foley RSU. DEF 14A, filed 2026-02-18. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 07, pay ratio. DEF 14A, filed 2026-02-18. Section “CEO Pay Ratio”. As printed: 261 : 1. View filing ↗
  • Section 08, Lawrence E. Kurzius. DEF 14A, filed 2026-02-18. Section “Director Compensation”. As printed: 421,000. View filing ↗
  • Section 08, Michael D. Mangan. DEF 14A, filed 2026-02-18. Section “Director Compensation”. As printed: 300,027. View filing ↗
  • Section 08, Anne L. Bramman. DEF 14A, filed 2026-02-18. Section “Director Compensation”. As printed: 295,027. View filing ↗
  • Section 08, Margaret M.V. Preston. DEF 14A, filed 2026-02-18. Section “Director Compensation”. As printed: 290,027. View filing ↗
  • Section 08, W. Anthony Vernon. DEF 14A, filed 2026-02-18. Section “Director Compensation”. As printed: 290,027. View filing ↗
  • Section 08, Gary M. Rodkin. DEF 14A, filed 2026-02-18. Section “Director Compensation”. As printed: 270,027. View filing ↗
  • Section 08, Michael A. Conway. DEF 14A, filed 2026-02-18. Section “Director Compensation”. As printed: 270,027. View filing ↗
  • Section 08, Terry S. Thomas. DEF 14A, filed 2026-02-18. Section “Director Compensation”. As printed: 270,027. View filing ↗
  • Section 08, Valarie L. Sheppard. DEF 14A, filed 2026-02-18. Section “Director Compensation”. As printed: 270,027. View filing ↗
  • Section 08, Maritza G. Montiel. DEF 14A, filed 2026-02-18. Section “Director Compensation”. As printed: 270,027. View filing ↗
  • Section 08, Jacques Tapiero. DEF 14A, filed 2026-02-18. Section “Director Compensation”. As printed: 270,027. View filing ↗
  • Section 08, Patricia Little. DEF 14A, filed 2026-02-18. Section “Director Compensation”. As printed: 25,000. View filing ↗
  • Section 08, Brendan M. Foley. DEF 14A, filed 2026-02-18. Section “Director Compensation”. As printed: 0. View filing ↗
  • Section 08, Richard A. Dierker. DEF 14A, filed 2026-02-18. Section “Director Compensation”. As printed: 0. View filing ↗
  • Section 08, Gavin D. Hattersley. DEF 14A, filed 2026-02-18. Section “Director Compensation”. As printed: 0. View filing ↗
  • Section 06, 2026 vote. Form 8-K, filed 2026-04-03. Item 5.07 · say-on-pay result. As reported: 96.12% (votes for as printed: 6,948,728). View filing ↗
  • Section 06, 2025 vote. Form 8-K, filed 2025-03-27. Item 5.07 · say-on-pay result. As reported: 97.97% (votes for as printed: 7,834,077). View filing ↗
  • Section 06, 2024 vote. Form 8-K, filed 2024-04-01. Item 5.07 · say-on-pay result. As reported: 95.58% (votes for as printed: 9,262,165). View filing ↗
  • Section 01 trend, Δ column (computed). Computed. Δ = current-FY total − prior-FY total per named officer.
  • Section 03b vehicle mix (computed). Computed. RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).
  • Section 09b board cost (computed). Computed. Cash 1,145,000 + equity 2,096,270 + all other 0 = 3,241,270, summed across the director compensation table rows.
  • The Hershey Company, Section 10b CEO total. DEF 14A, filed 2026-03-25. CEO total compensation as printed in The Hershey Company's own proxy. As printed: 16,806,399. View filing ↗
  • International Flavors Fragrances Inc., Section 10b CEO total. DEF 14A, filed 2026-03-18. CEO total compensation as printed in International Flavors Fragrances Inc.'s own proxy. As printed: 15,002,866. View filing ↗
  • General Mills, Inc., Section 10b CEO total. DEF 14A, filed 2026-08-13. CEO total compensation as printed in General Mills, Inc.'s own proxy. As printed: 14,018,052. View filing ↗
  • The Clorox Company, Section 10b CEO total. DEF 14A, filed 2026-10-07. CEO total compensation as printed in The Clorox Company's own proxy. As printed: 14,000,460. View filing ↗
  • ConAgra Brands, Inc., Section 10b CEO total. DEF 14A, filed 2026-08-11. CEO total compensation as printed in ConAgra Brands, Inc.'s own proxy. As printed: 13,680,675. View filing ↗
  • The Campbell's Company, Section 10b CEO total. DEF 14A, filed 2026-10-07. CEO total compensation as printed in The Campbell's Company's own proxy. As printed: 10,965,019. View filing ↗
  • Mccormick & Co Inc (subject), Section 10b CEO total. DEF 14A, filed 2026-02-18. CEO total compensation as printed in Mccormick & Co Inc's own proxy. As printed: 10,831,581. View filing ↗
  • Church Dwight Co., Inc., Section 10b CEO total. DEF 14A, filed 2026-03-19. CEO total compensation as printed in Church Dwight Co., Inc.'s own proxy. As printed: 9,799,678. View filing ↗
  • Flowers Foods, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-14. CEO total compensation as printed in Flowers Foods, Inc.'s own proxy. As printed: 7,776,698. View filing ↗
  • Hormel Foods Corporation, Section 10b CEO total. DEF 14A, filed 2025-12-17. CEO total compensation as printed in Hormel Foods Corporation's own proxy. As printed: 7,395,224. View filing ↗
  • The Hain Celestial Group Inc., Section 10b CEO total. DEF 14A, filed 2025-09-18. CEO total compensation as printed in The Hain Celestial Group Inc.'s own proxy. As printed: 4,546,417. View filing ↗
  • Section 10a, The Campbell's Company reciprocity. DEF 14A. The Campbell's Company names Mccormick & Co Inc in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, The Clorox Company reciprocity. DEF 14A. The Clorox Company names Mccormick & Co Inc in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, ConAgra Brands, Inc. reciprocity. DEF 14A. ConAgra Brands, Inc. names Mccormick & Co Inc in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, Flowers Foods, Inc. reciprocity. DEF 14A. Flowers Foods, Inc. names Mccormick & Co Inc in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, The Hershey Company reciprocity. DEF 14A. The Hershey Company names Mccormick & Co Inc in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, International Flavors Fragrances Inc. reciprocity. DEF 14A. International Flavors Fragrances Inc. names Mccormick & Co Inc in its own disclosed peer group (read from its most recent proxy). View filing ↗
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