In 2023, Lawrence E. Kurzius earned $4.00M in total compensation at McCormick & Company, Incorporated, including $1.25M salary and $2.59M bonus. Most recently acquired 80,000 shares in Mar 2025. Currently holds stock worth $24.24M. Has donated $8.50M in stock to charitable causes. 9+ years at the helm of McCormick & Company, Incorporated.
Compensation History
Annual executive compensation data for Lawrence E. Kurzius, including salary, bonuses, and stock awards.
Year
2023
Total Compensation
$4.00M
Salary
$1.25M
Bonus
$2.59M
Other
$160.78K
Salary
$1.25MBoard Justification
McCormick's compensation philosophy emphasizes pay for performance, aligning executive compensation with the company's financial goals and stockholder interests, while also focusing on retention of key talent.
Bonus
$2.59MBoard Justification
Annual incentive compensation based on performance metrics including adjusted EPS growth, net sales, and McCormick Profit, resulting in a payout of 207% of target for fiscal 2023.
Other Compensation
$160.78KBoard Justification
Other compensation includes executive auto allowance, executive benefit allowance, financial counseling program, excess liability policy premiums, employer matching funds under the 401(k) plan, and contributions to deferred compensation accounts.
Restricted Stock
Board Justification
No stock awards vested in 2023 as all stock awards are performance-based and contingent on achieving specific performance metrics.
Performance Metrics
Performance metrics for fiscal 2023 included adjusted EPS growth, net sales, and McCormick Profit.
Lawrence E. Kurzius
CEO of McCormick & Company, Incorporated
Education
Bachelor's degree in Economics
Field of Expertise
Business & Management
Sector of Economy
Consumer Defensive
Born
January 1, 1963 - 62 years ago
CEO of McCormick & Company, Incorporated for
9 years 11 months (Jan 2016 - Present)
Previous Experience
President of McCormick & Company, Incorporated
Other McCormick & Company, Incorporated CEOs
Holdings
Track Lawrence E. Kurzius's stock holdings and portfolio value over time.
Total Stock Sold
$60.13M
$6.48M
92,972 MKC.V shares
$53.65M
849,962 MKC shares
What if they kept their stock?
If Lawrence E. Kurzius didn't sell their stock, today they would have:
Extra MKC.V92,972 shares worth $5.86M and MKC849,962 shares worth $53.80M.
This is -0.79% and $473.44K less than what they got when they sold the stock.
Charitable Transactions
132,500 shares
MKC
1,755 shares
MKC.V
Recent Charitable Transactions
2 shares
MKC
Jul 22, 2024
Charity
972 shares
MKC
Mar 1, 2023
Charity
4,418 shares
MKC
Apr 27, 2022
Charity
4,418 shares
MKC
Apr 25, 2022
Charity
12,690 shares
MKC
Jul 26, 2021
Charity
110,000 shares
MKC
Apr 13, 2021
Charity
Insider Trading
Lawrence E. Kurzius's recent stock transactions, purchases, and sales filed with the SEC.
$844.00K
ELAN at $10.55/share
Mar 7, 2025
Purchase
$3.84M
MKC at $76.81/share
Feb 3, 2025
Sale
77,637 shares
MKC
Jan 13, 2025
Received
18,169 shares
ELAN
Nov 29, 2024
Received
2 shares
MKC
Jul 22, 2024
Charity
$5.90M
MKC at $73.75/share
Apr 22, 2024
Sale
65,423 shares
MKC
Jan 8, 2024
Received
20,374 shares
ELAN
Nov 30, 2023
Received
$3.59M
MKC at $90.02/share
May 12, 2023
Sale
Rivals
Compare Lawrence E. Kurzius with competitor CEOs and industry peers.
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2023 Compensation
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$0.00
Salary
$955.00K
Bonus
$0.00
Other
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Total Holdings
$29.02M
Robert V. Vitale
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2023 Compensation
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$0.00
Salary
$1.25M
Bonus
$1.95M
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Jean Madar
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2022 Compensation
Stock
$0.00
Salary
$1.23M
Bonus
$0.00
Other
$0.00
Total Holdings
$1.92M
Patrick Choël
CEO of Inter Parfums
2022 Compensation
Stock
$0.00
Salary
$0.00
Bonus
$0.00
Other
$0.00
Total Holdings
$393.80K
Kevin P. Hourican
CEO of Sysco
2022 Compensation
Stock
$0.00
Salary
$1.30M
Bonus
$0.00
Other
$151.51K
Total Holdings
$32.03M