Mccormick (MKC) executive compensation, 2026 proxy

Brendan M. Foley, Chairman, President and Chief Executive Officer, was paid $10.8M in fiscal 2025, flat from $10.8M the year before. The CEO-to-median-employee pay ratio was 261:1, on median employee pay of $41,468.

Filed
February 18, 2026
Annual meeting
April 1, 2026
Pay year
fiscal 2025
Named executives
5
CEO total pay
$10.8Mflat vs prior year
CEO to median employee
261:1median $41,468
CEO pay in equity
79%$8.6M in awards
Global Pay Ratio
261:1CEO to global median employee
US Pay Ratio
122:1CEO to US median employee
Net Sales Growth
2%Fiscal 2025 net sales increase
Dividend Increase
6.7%Quarterly dividend increase authorized
PSU Payout
142.5%2023-2025 LTPP cycle payout

How Foley was paid

$10.8M in total for fiscal 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.

Salary11%Stock awards79%Non-equity incentive7%All other compensation3%

Named executive officers

ExecutiveTotal
Brendan M. FoleyChairman, President and Chief Executive Officer$10,831,581
Marcos M. GabrielExecutive Vice President and Chief Financial Officer$2,739,317
Andrew D. FoustPresident, Americas$2,320,436
Sarah J. PiperChief Human Relations Officer$1,927,175
Jeffery D. SchwartzVice President, General Counsel and Secretary$2,950,272

What changed and why

  • 2%Net sales increased 2% while adjusted operating income grew 2% in fiscal 2025.
  • $10.8MCEO Brendan M. Foley received total compensation of $10,831,581 in fiscal 2025.
  • 40.4%Annual incentive payouts for corporate NEOs were 40.4% of target due to below-target performance.
  • 142.5%PSUs concluding their performance period at the end of fiscal 2025 were earned at 142.5% of target.
  • 6.7%Board authorized a 6.7% increase in the quarterly dividend at the end of fiscal 2025.

About this page

Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.