They buy the common and hold it in Treasury to give to employees as part of their compensation plans. They also buy and sell a mix of stock between the regular common and the voting class shares MKC-V. It's not rookie if they get to give their employees shares without dilution to all shareholders-- they can use the money to put into their 401k's and pensions subject to low interest rates or they can use it to buy and distribute shares. Obviously management believes their stock, even if bought up here, will still return solid gains for themselves and their employees-- it's a vote of confidence by proxy. Just that the process seems a bit strange.
Sorry just not a believer. If any buying is taking place it's the officers share are getting bought buy the company. Not open market buying. The PE is way to high. MGT. knows this is the only way to keep the stock up as they unload behind closed doors. RAD $ 2.79 PE 10 Price to sales .09. Sell MKC and buy rad