MCD Form 4 reports multiple insider transactions
Banner Jonathan 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
Banner Jonathan reported multiple insider transaction types in a Form 4 filing for MCD. The filing lists transactions totaling 36,744 shares at a weighted average price of $327.58 per share. Following the reported transactions, holdings were 18,052 shares.
Insider Trade Summary
7,495 shares exercised/converted
Exercise
11 txns
Insider
Banner Jonathan
Role
EVP - Chief Impact Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 4,015 | $0.00 | $0.00 |
| Exercise | Dividend Equivalent Rights | 290 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 2,975 | $0.00 | $0.00 |
| Exercise | Dividend Equivalent Rights | 215 | $0.00 | $0.00 |
| Grant/Award | Options (Right to Buy) | 18,052 | $0.00 | $0.00 |
| Exercise | Common Stock | 4,015 | $0.00 | $0.00 |
| Exercise | Common Stock | 290 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 1,937.84 | $327.58 | $635K |
| Exercise | Common Stock | 2,975 | $0.00 | $0.00 |
| Exercise | Common Stock | 215 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 1,764.07 | $327.58 | $578K |
Holdings After Transaction:
Restricted Stock Units — 0 contracts (Direct);
Dividend Equivalent Rights — 0 contracts (Direct);
Options (Right to Buy) — 18,052 contracts (Direct);
Common Stock — 3,891.75 shares (Direct)
Holdings Before and After:
Restricted Stock Units, 6,990 to 0 contracts (Direct);
Dividend Equivalent Rights, 505 to 0 contracts (Direct);
Options (Right to Buy), 0 to 18,052 contracts (Direct);
Common Stock, 98.66 to 3,891.75 shares (Direct)
Footnotes (5)
- F1. As a result of McDonald's Corporation's (the "Company") 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 4,885 performance-based restricted stock units ("RSUs").
- F2. Each performance-based RSU represents a right to acquire one share of the Company's 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 3,619 performance based RSUs.
- F5. 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 Jonathan Banner report in this Form 4?
Jonathan Banner reported vesting of performance-based RSUs, settlement of dividend equivalent rights into common stock, related share dispositions to cover taxes, and a new stock option grant. These transactions reflect equity compensation mechanics rather than open-market share purchases or sales.
How many stock options did Jonathan Banner receive from McDonald's (MCD)?
Jonathan Banner received a grant of 18,052 options described as rights to buy McDonald's common stock. According to the disclosure, these options become exercisable in 25% increments on the first, second, third, and fourth anniversaries of the grant date.
What performance-based RSU vesting did McDonald's (MCD) disclose for Jonathan Banner?
The filing states Banner vested in 82.2% of an original grant of 4,885 performance-based RSUs and 82.2% of another original grant of 3,619 performance-based RSUs. Vesting was determined by McDonald's performance against pre-approved financial targets for a 2023–2025 performance period.
What are dividend equivalent rights in McDonald's (MCD) Form 4 for Jonathan Banner?
Dividend equivalent rights are described as the economic equivalent of one McDonald's common share. In this filing, dividend equivalent rights were settled in connection with vested RSUs, resulting in additional common stock, aligning dividend-like value with the underlying performance-based equity awards.
Were Jonathan Banner's McDonald's (MCD) transactions open-market buys or sells?
The reported entries are primarily derivative exercises and conversions of RSUs and dividend equivalents into common stock, plus tax-withholding dispositions. The code F transactions indicate shares delivered to satisfy tax obligations, not discretionary open-market sales or purchases of McDonald's stock.
When do Jonathan Banner's new McDonald's (MCD) options become exercisable?
The options granted to Jonathan Banner become exercisable in 25% increments on each of the first, second, third, and fourth anniversaries of the grant date. This four-year vesting schedule ties option usability to continued service and the passage of time.
AI-generated analysis. How Rhea-AI works. Not financial advice.
