Tapiero Jacques’s SEC Form 4 activity over the past year paints a picture of a passive accumulator rather than an aggressive trader. Across 39 filings, all in a single company, McCormick & Company (MKC), he recorded zero open-market purchases and zero sales of that type. Instead, the bulk of his activity falls into mechanical or compensatory categories: recurring “A” grants valued at roughly $10,000 each, periodic “M” option exercises, and small “J” adjustments tied to dividend equivalents. The only open-market sales (“S”) occurred in early February 2026, when he sold approximately $654,700 worth of MKC stock in two tranches—$319,250 on February 3 and $335,450 on February 5. Those sales were paired with option exercises (“M”) of $249,800 on each date, suggesting the disposals were tied to the exercise rather than a standalone bearish signal.
The recent direction is decidedly neutral-to-defensive. In the last six months, Tapiero has made no open-market buys, while the two February sales stand as the only discretionary transactions. His ongoing “A” grants—most recently a $10,000 award on June 8, 2026—continue to add shares, but these are compensation, not conviction purchases. The pattern is consistent with a long-term holder who periodically monetizes options, not an insider signaling a view on MKC’s valuation. Total acquired value of $144,240.25, mostly from exercises and grants, is dwarfed by the $654,700 in sales, yet the absence of any “P” purchases or recent “S” activity after February suggests the selling was episodic rather than a sustained distribution campaign.
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