McDonald’s director receives phantom stock awards
Hsu Michael D. reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Hsu Michael D. reported acquisition or exercise transactions in this Form 4 filing.
McDonald's Corporation director Michael D. Hsu reported awards of phantom stock that function as deferred cash compensation. On March 31, 2026, he received 96.53 shares of phantom stock, bringing his phantom stock balance to 1,880.49 units. On June 30, 2026, he received an additional 110.99 phantom stock units, increasing his balance to 2,003.62 units. Each phantom stock unit is economically equivalent to one share of McDonald's common stock and will be settled in cash under the Board of Directors Deferred Compensation Plan after he leaves the Board. The filing also notes 89 shares of common stock held indirectly by a trust as of March 31, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 207.52 shares
Grant/Award
3 txns
Insider
Hsu Michael D.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock | 110.99 | $270.31 | $30K |
| Grant/Award | Phantom Stock | 96.53 | $310.79 | $30K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Phantom Stock — 3,884.11 contracts (Direct);
Common Stock — 89 shares (Indirect, By Trust)
Footnotes (4)
- F1. Each share of phantom stock is the economic equivalent of one share of McDonald's Corporation common stock and shall be settled in cash, pursuant to the Board of Directors Deferred Compensation Plan (the "Plan").
- F2. Acquisition of phantom stock pursuant to the Plan in a transaction exempt under Rule 16b-3(d)(1). Amount represents deferred compensation.
- F3. Payment of phantom stock will occur following the Director's retirement date or other termination from the Board.
- F4. Includes shares acquired through dividend reinvestment.
Key Figures
Phantom stock award 2026-03-31: 96.53 units at $310.79
Phantom stock award 2026-06-30: 110.99 units at $270.31
Phantom stock balance: 2,003.62 units
+2 more
5 metrics
Phantom stock award 2026-03-31
96.53 units at $310.79
Phantom Stock grant on March 31, 2026
Phantom stock award 2026-06-30
110.99 units at $270.31
Phantom Stock grant on June 30, 2026
Phantom stock balance
2,003.62 units
Total phantom stock following June 30, 2026 grant
Indirect common shares
89 shares
Common Stock held indirectly by trust as of March 31, 2026
Conversion price
$0.00
Conversion or exercise price of phantom stock units
Key Terms
Phantom Stock, Board of Directors Deferred Compensation Plan, Rule 16b-3(d)(1), deferred compensation, +1 more
5 terms
Phantom Stock financial
"Each share of phantom stock is the economic equivalent of one share of McDonald's Corporation common stock"
A phantom stock is a form of compensation that gives employees or executives the benefits of stock ownership, such as the increase in stock value, without actually giving them real shares. It acts like a promise to pay the employee the equivalent value of company stock later, often as a bonus or incentive. This allows companies to motivate and reward staff without diluting ownership or transferring actual shares.
Board of Directors Deferred Compensation Plan financial
"shall be settled in cash, pursuant to the Board of Directors Deferred Compensation Plan"
Rule 16b-3(d)(1) regulatory
"Acquisition of phantom stock pursuant to the Plan in a transaction exempt under Rule 16b-3(d)(1)"
deferred compensation financial
"Acquisition of phantom stock pursuant to the Plan in a transaction exempt under Rule 16b-3(d)(1). Amount represents deferred compensation."
Deferred compensation is pay that employees or executives have earned now but will receive at a later date, such as delayed bonuses, retirement benefits, or stock grants. It matters to investors because it creates future obligations and shapes incentives—like a promise to pay later that can affect a company’s reported profits, cash needs and potential stock dilution—so it helps signal how a business manages costs and retains key people.
dividend reinvestment financial
"Includes shares acquired through dividend reinvestment."
Dividend reinvestment is when the money earned from a company's profit sharing, called dividends, is automatically used to buy more shares of that company instead of being received as cash. This process helps investors grow their holdings over time without extra effort, much like using earned interest to buy more of a savings account. It encourages long-term investment growth by continuously increasing the amount of shares owned.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did McDonald's (MCD) director Michael D. Hsu report?
Director Michael D. Hsu reported receiving phantom stock awards as deferred compensation. He acquired 96.53 phantom stock units on March 31, 2026, and 110.99 units on June 30, 2026, increasing his total phantom stock balance to 2,003.62 units.
What is the nature of the phantom stock reported in McDonald's (MCD) Form 4?
The phantom stock is deferred compensation for a McDonald’s director. Each unit is economically equivalent to one share of common stock and will be settled in cash under the Board of Directors Deferred Compensation Plan after the director retires or leaves the Board.
How many phantom stock units does the McDonald's (MCD) director hold after these awards?
After the reported phantom stock awards, the director holds 2,003.62 phantom stock units. This total reflects 96.53 units credited on March 31, 2026, and 110.99 units credited on June 30, 2026, under the company’s deferred compensation plan.
How and when will McDonald's (MCD) phantom stock be paid to the director?
Phantom stock will be paid in cash after the director’s retirement or other termination from the Board. The units track the economic value of McDonald’s common stock but do not involve actual shares until cash settlement occurs under the plan’s terms.
AI-generated analysis. How Rhea-AI works. Not financial advice.
