STOCK TITAN

[Form 4] McDonald's Corporation Insider Trading Activity

Filing Impact
(Neutral)
Filing Sentiment
(Negative)
Form Type
4
Rhea-AI Filing Summary

McDonald's executive Tiffanie L. Boyd reported vesting and settlement of equity awards and a concurrent share disposition. The filing shows 2,893 restricted stock units vested and were recorded as acquisitions at $0, together with settlement of 207 dividend equivalent rights also recorded as acquisitions at $0. The report also shows a disposition of 1,374 common shares at a reported price of $304.36 per share. The explanatory note states the RSUs were granted on 08/11/2022 and vested in one installment on the third anniversary, and that each RSU and each dividend equivalent right represents the economic equivalent of one share. All transactions are reported as direct beneficial ownership changes.

La dirigente di McDonald's Tiffanie L. Boyd ha segnalato la maturazione e il regolamento di premi azionari e la contestuale cessione di azioni. La comunicazione indica che 2.893 unità di azioni vincolate (RSU) sono maturate e sono state registrate come acquisizioni a $0, insieme al regolamento di 207 diritti equivalenti ai dividendi anch'essi registrati come acquisizioni a $0. Il rapporto segnala inoltre la cessione di 1.374 azioni ordinarie a un prezzo dichiarato di $304.36 per azione. La nota esplicativa precisa che le RSU sono state concesse il 08/11/2022 e sono maturate in un'unica tranche al terzo anniversario, e che ogni RSU e ogni diritto equivalente ai dividendi rappresentano l'equivalente economico di una azione. Tutte le operazioni sono riportate come modifiche della titolarità beneficiaria diretta.

La ejecutiva de McDonald's Tiffanie L. Boyd informó el vencimiento y la liquidación de premios en acciones y la venta concurrente de acciones. El documento muestra que 2.893 unidades de acciones restringidas (RSU) vencieron y se registraron como adquisiciones a $0, junto con la liquidación de 207 derechos equivalentes a dividendos también registrados como adquisiciones a $0. El informe también refleja la disposición de 1.374 acciones ordinarias a un precio informado de $304.36 por acción. La nota explicativa indica que las RSU se concedieron el 08/11/2022 y vencieron en un único tramo en el tercer aniversario, y que cada RSU y cada derecho equivalente al dividendo representan el equivalente económico de una acción. Todas las transacciones se informan como cambios de propiedad beneficiaria directa.

맥도날드 임원 티파니 L. 보이드(Tiffanie L. Boyd)가 주식 보상 수당의 베스팅 및 정산과 동시에 주식 처분을 신고했습니다. 신고서에 따르면 2,893주의 제한주식단위(RSU)가 베스트되어 취득으로 $0으로 기록되었고, 207건의 배당상당권(dividend equivalent rights) 정산도 역시 $0으로 취득으로 기록되었습니다. 보고서에는 또한 보통주 1,374주의 처분이 주당 $304.36의 신고가로 표시되어 있습니다. 설명 메모에는 RSU가 08/11/2022에 부여되어 3주년일에 단일 분할로 베스트되었으며, 각 RSU와 각 배당상당권은 한 주와 동일한 경제적 가치를 가진다고 기재되어 있습니다. 모든 거래는 수익적 소유권의 직접 변경으로 보고됩니다.

La cadre de McDonald's, Tiffanie L. Boyd, a déclaré le vesting et le règlement d'attributions d'actions ainsi qu'une cession concomitante d'actions. Le dépôt indique que 2 893 unités d'actions restreintes (RSU) sont devenues acquises et ont été enregistrées comme acquisitions à 0 $, ainsi que le règlement de 207 droits équivalents aux dividendes eux aussi enregistrés comme acquisitions à 0 $. Le rapport signale en outre la cession de 1 374 actions ordinaires à un prix déclaré de 304,36 $ par action. La note explicative précise que les RSU ont été attribuées le 08/11/2022 et sont devenues acquises en une seule fois au troisième anniversaire, et que chaque RSU et chaque droit équivalent au dividende représente l'équivalent économique d'une action. Toutes les opérations sont déclarées comme des modifications de la propriété bénéficiaire directe.

McDonald's-Managerin Tiffanie L. Boyd meldete das Vesting und die Abwicklung von Aktienzuwendungen sowie eine gleichzeitige Veräußerung von Aktien. Die Meldung zeigt, dass 2.893 Restricted Stock Units (RSU) gefestigt wurden und als Erwerbe mit $0 verbucht wurden, ebenso die Abwicklung von 207 Dividendenausgleichsrechten, die ebenfalls als Erwerbe mit $0 aufgezeichnet wurden. Der Bericht weist zudem eine Veräußerung von 1.374 Stammaktien zu einem gemeldeten Preis von $304.36 je Aktie aus. Die erläuternde Anmerkung besagt, dass die RSU am 08/11/2022 gewährt wurden und in einer einzigen Tranche am dritten Jahrestag fällig geworden sind, und dass jede RSU sowie jedes Dividendenausgleichsrecht dem wirtschaftlichen Äquivalent einer Aktie entsprechen. Alle Transaktionen werden als Änderungen der wirtschaftlichen Eigentumsverhältnisse direkt gemeldet.

Positive
  • 2,893 restricted stock units vested, increasing the reporting person’s direct holdings via settlement at $0 cost as recorded
  • 207 dividend equivalent rights settled, each described as the economic equivalent of one share, also recorded as acquisitions at $0
Negative
  • Disposition of 1,374 common shares reported at a price of $304.36 per share, reducing direct beneficial ownership
  • Post-transaction beneficial ownership lines show a lower figure on the disposal line (7,289.86), reflecting the net reduction after settlement and disposition

Insights

TL;DR: Routine equity vesting with tax/settlement activity; no new grants or unusual transfers.

The Form 4 discloses the scheduled vesting of previously awarded restricted stock units and settlement of associated dividend equivalent rights, increasing direct share holdings by 3,100 units before accounting for a reported disposition of 1,374 shares. The filing notes the award grant date and vesting schedule explicitly and records the acquisitions at $0, consistent with RSU settlement. The reported disposition at $304.36 per share reduces the filer’s direct holdings. These are customary compensation-related transactions rather than governance changes.

TL;DR: Insider vesting and a partial sale occurred; the transactions are material to personal holdings but not company-level capital structure.

The detail shows 2,893 RSUs vested and 207 dividend equivalent rights settled into shares, and a simultaneous reported disposal of 1,374 shares at $304.36 each. The filing lists post-transaction beneficial ownership figures on the relevant lines. These entries reflect compensation vesting and settlement mechanics; they alter the reporting person’s direct share count but do not indicate new equity issuance by the company or changes to outstanding share count in the filing itself.

La dirigente di McDonald's Tiffanie L. Boyd ha segnalato la maturazione e il regolamento di premi azionari e la contestuale cessione di azioni. La comunicazione indica che 2.893 unità di azioni vincolate (RSU) sono maturate e sono state registrate come acquisizioni a $0, insieme al regolamento di 207 diritti equivalenti ai dividendi anch'essi registrati come acquisizioni a $0. Il rapporto segnala inoltre la cessione di 1.374 azioni ordinarie a un prezzo dichiarato di $304.36 per azione. La nota esplicativa precisa che le RSU sono state concesse il 08/11/2022 e sono maturate in un'unica tranche al terzo anniversario, e che ogni RSU e ogni diritto equivalente ai dividendi rappresentano l'equivalente economico di una azione. Tutte le operazioni sono riportate come modifiche della titolarità beneficiaria diretta.

La ejecutiva de McDonald's Tiffanie L. Boyd informó el vencimiento y la liquidación de premios en acciones y la venta concurrente de acciones. El documento muestra que 2.893 unidades de acciones restringidas (RSU) vencieron y se registraron como adquisiciones a $0, junto con la liquidación de 207 derechos equivalentes a dividendos también registrados como adquisiciones a $0. El informe también refleja la disposición de 1.374 acciones ordinarias a un precio informado de $304.36 por acción. La nota explicativa indica que las RSU se concedieron el 08/11/2022 y vencieron en un único tramo en el tercer aniversario, y que cada RSU y cada derecho equivalente al dividendo representan el equivalente económico de una acción. Todas las transacciones se informan como cambios de propiedad beneficiaria directa.

맥도날드 임원 티파니 L. 보이드(Tiffanie L. Boyd)가 주식 보상 수당의 베스팅 및 정산과 동시에 주식 처분을 신고했습니다. 신고서에 따르면 2,893주의 제한주식단위(RSU)가 베스트되어 취득으로 $0으로 기록되었고, 207건의 배당상당권(dividend equivalent rights) 정산도 역시 $0으로 취득으로 기록되었습니다. 보고서에는 또한 보통주 1,374주의 처분이 주당 $304.36의 신고가로 표시되어 있습니다. 설명 메모에는 RSU가 08/11/2022에 부여되어 3주년일에 단일 분할로 베스트되었으며, 각 RSU와 각 배당상당권은 한 주와 동일한 경제적 가치를 가진다고 기재되어 있습니다. 모든 거래는 수익적 소유권의 직접 변경으로 보고됩니다.

La cadre de McDonald's, Tiffanie L. Boyd, a déclaré le vesting et le règlement d'attributions d'actions ainsi qu'une cession concomitante d'actions. Le dépôt indique que 2 893 unités d'actions restreintes (RSU) sont devenues acquises et ont été enregistrées comme acquisitions à 0 $, ainsi que le règlement de 207 droits équivalents aux dividendes eux aussi enregistrés comme acquisitions à 0 $. Le rapport signale en outre la cession de 1 374 actions ordinaires à un prix déclaré de 304,36 $ par action. La note explicative précise que les RSU ont été attribuées le 08/11/2022 et sont devenues acquises en une seule fois au troisième anniversaire, et que chaque RSU et chaque droit équivalent au dividende représente l'équivalent économique d'une action. Toutes les opérations sont déclarées comme des modifications de la propriété bénéficiaire directe.

McDonald's-Managerin Tiffanie L. Boyd meldete das Vesting und die Abwicklung von Aktienzuwendungen sowie eine gleichzeitige Veräußerung von Aktien. Die Meldung zeigt, dass 2.893 Restricted Stock Units (RSU) gefestigt wurden und als Erwerbe mit $0 verbucht wurden, ebenso die Abwicklung von 207 Dividendenausgleichsrechten, die ebenfalls als Erwerbe mit $0 aufgezeichnet wurden. Der Bericht weist zudem eine Veräußerung von 1.374 Stammaktien zu einem gemeldeten Preis von $304.36 je Aktie aus. Die erläuternde Anmerkung besagt, dass die RSU am 08/11/2022 gewährt wurden und in einer einzigen Tranche am dritten Jahrestag fällig geworden sind, und dass jede RSU sowie jedes Dividendenausgleichsrecht dem wirtschaftlichen Äquivalent einer Aktie entsprechen. Alle Transaktionen werden als Änderungen der wirtschaftlichen Eigentumsverhältnisse direkt gemeldet.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Boyd Tiffanie L.

(Last) (First) (Middle)
MCDONALD'S CORPORATION
110 NORTH CARPENTER STREET

(Street)
CHICAGO IL 60607

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
MCDONALDS CORP [ MCD ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
EVP - Chief People Officer
3. Date of Earliest Transaction (Month/Day/Year)
08/11/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 08/11/2025 M 2,893(1) A $0(2) 8,456.86 D
Common Stock 08/11/2025 M 207(3) A $0 8,663.86 D
Common Stock 08/11/2025 F 1,374 D $304.36 7,289.86 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Unit (2) 08/11/2025 M 2,893(1) 08/11/2025 08/11/2025 Common Stock 2,893(1) $0 0 D
Dividend Equivalent Rights (3) 08/11/2025 M 207(3) 08/11/2025 08/11/2025 Common Stock 207(3) $0 0 D
Explanation of Responses:
1. On August 11, 2022, Ms. Boyd was granted 2,893 restricted stock units ("RSUs"), vesting in one installment on the third anniversary of the grant date.
2. Each RSU represents a right to acquire one share of McDonald's Corporation common stock.
3. Settlement of dividend equivalent rights in connection with vested RSUs. Each dividend equivalent right is the economic equivalent of one share of McDonald's Corporation common stock.
/s/ Jeffrey J. Pochowicz, Attorney-in-fact 08/13/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did McDonald's insider Tiffanie L. Boyd report on Form 4 for MCD?

The Form 4 reports 2,893 RSUs vested, 207 dividend equivalent rights settled, and a disposition of 1,374 shares at a reported price of $304.36 per share.

When were the RSUs originally granted to Tiffanie L. Boyd?

The explanatory note states the RSUs were granted on 08/11/2022 and vested in one installment on the third anniversary of the grant date.

How were the vested RSUs and dividend equivalents recorded on the Form 4?

Both the vested RSUs (2,893) and dividend equivalent rights (207) are recorded as acquisitions at a reported price of $0 and are shown as direct beneficial ownership.

What price is reported for the disposed shares?

The filing reports a disposal of 1,374 shares at a price of $304.36 per share.

Do these transactions indicate a new grant or change in compensation policy?

The Form 4 reflects the vesting and settlement of a previously granted award and settlement of dividend equivalents; it does not show a new grant or a change in company compensation policy in this filing.
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