MCD Form 4 reports multiple insider transactions
Boyd Tiffanie L. reported multiple insider transaction types in a Form 4 filing for MCD.
Accepted by SEC EDGAR
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Form Type
4
Rhea-AI Filing Summary
Boyd Tiffanie L. reported multiple insider transaction types in a Form 4 filing for MCD. The filing lists transactions totaling 27,461 shares at a weighted average price of $327.58 per share. Following the reported transactions, holdings were 22,064 shares.
Insider Trade Summary
2,347 shares exercised/converted
Exercise
11 txns
Insider
Boyd Tiffanie L.
Role
EVP - Chief People Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 1,221 | $0.00 | $0.00 |
| Exercise | Dividend Equivalent Rights | 89 | $0.00 | $0.00 |
| Exercise | Restricted Stock Unit | 967 | $0.00 | $0.00 |
| Exercise | Dividend Equivalent Rights | 70 | $0.00 | $0.00 |
| Grant/Award | Options (Right to Buy) | 22,064 | $0.00 | $0.00 |
| Exercise | Common Stock | 1,221 | $0.00 | $0.00 |
| Exercise | Common Stock | 89 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 398.89 | $327.58 | $131K |
| Exercise | Common Stock | 967 | $0.00 | $0.00 |
| Exercise | Common Stock | 70 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 303.84 | $327.58 | $100K |
Holdings After Transaction:
Restricted Stock Unit — 0 contracts (Direct);
Dividend Equivalent Rights — 0 contracts (Direct);
Options (Right to Buy) — 22,064 contracts (Direct);
Common Stock — 8,934.13 shares (Direct)
Holdings Before and After:
Restricted Stock Unit, 2,188 to 0 contracts (Direct);
Dividend Equivalent Rights, 159 to 0 contracts (Direct);
Options (Right to Buy), 0 to 22,064 contracts (Direct);
Common Stock, 7,289.86 to 8,934.13 shares (Direct)
Footnotes (7)
- F1. On February 13, 2023, the reporting person was granted 1,221 restricted stock units ("RSUs"), vesting in one installment on the third anniversary of the grant date.
- F2. Each RSU represents a right to acquire one share of McDonald's Corporation (the "Company") common stock.
- F3. Settlement of dividend equivalent rights in connection with vested RSUs. Each dividend equivalent right is the economic equivalent of one share of the Company's common stock.
- F4. As a result of the Company's performance against the pre-approved financial targets for the performance period of January 1, 2023 through December 31, 2025, the reporting person vested in 82.2% of the original grant of 1,176 performance-based restricted stock units ("PRSUs").
- F5. Each PRSU represents a right to acquire one share of the Company's common stock.
- F6. Settlement of dividend equivalent rights in connection with vested PRSUs. Each dividend equivalent right is the economic equivalent of one share of the Company's common stock.
- F7. Options become exercisable in 25% increments on the first, second, third and fourth anniversary dates of the grant.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did McDonald's (MCD) executive Tiffanie L. Boyd report in this Form 4?
Tiffanie L. Boyd reported vesting and conversion of restricted stock units and performance-based units into McDonald’s common stock, settlement of related dividend equivalent rights, a new stock option grant, and share dispositions to cover tax withholding on the vested awards at a stated share price.
How many stock options did Tiffanie L. Boyd receive from McDonald's (MCD)?
Tiffanie L. Boyd received 22,064 options to buy McDonald’s common stock. According to the filing, these options become exercisable in 25% increments on the first, second, third, and fourth anniversaries of the grant date, creating a four-year vesting schedule for the option award.
What restricted stock units vested for McDonald's (MCD) executive Tiffanie L. Boyd?
Boyd had 1,221 restricted stock units granted on February 13, 2023 vest in a single installment on the third anniversary of that grant. Each restricted stock unit represents the right to acquire one share of McDonald’s common stock upon vesting and settlement, increasing her direct share holdings.
How did McDonald's (MCD) performance-based RSUs affect Tiffanie L. Boyd’s holdings?
The filing states Boyd vested in 82.2% of an original grant of 1,176 performance-based restricted stock units. Each performance-based unit represents a right to acquire one share of common stock, so vesting based on pre-approved financial targets directly increased her ownership stake in McDonald’s.
What are dividend equivalent rights in Tiffanie L. Boyd’s McDonald's (MCD) Form 4?
Dividend equivalent rights are awards economically equivalent to one share of McDonald’s common stock. In this filing, dividend equivalents tied to both time-based and performance-based restricted stock units were settled when the underlying units vested, mirroring the value of dividends paid on actual shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.
