Form 4: Flatley Edith Morgan reports multiple insider transactions in MCD
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Flatley Edith Morgan reported multiple insider transaction types in a Form 4 filing for MCD. The filing lists transactions totaling 44,938 shares at a weighted average price of $250.91 per share. Following the reported transactions, holdings were 26,076 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 4,692 shares ($1,553,052)
Net Sell
9 txns
Insider
Flatley Edith Morgan
Role
EVP - Global CMO
Sold
4,692 shs ($1.55M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,859 | $0.00 | -- |
| Exercise | Dividend Equivalent Rights | 135 | $0.00 | -- |
| Grant/Award | Options (Right to Buy) | 26,076 | $0.00 | -- |
| Exercise | Common Stock | 1,859 | $0.00 | -- |
| Exercise | Common Stock | 135 | $0.00 | -- |
| Tax Withholding | Common Stock | 797.58 | $327.58 | $261K |
| Exercise | Options (Right to Buy) | 4,692 | $0.00 | -- |
| Exercise | Common Stock | 4,692 | $157.79 | $740K |
| Sale | Common Stock | 4,692 | $331.00 | $1.55M |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Dividend Equivalent Rights — 0 shares (Direct);
Options (Right to Buy) — 26,076 shares (Direct);
Common Stock — 8,058.56 shares (Direct)
Footnotes (1)
- 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 2,262 performance-based restricted stock units ("RSUs"). Each performance-based RSU represents a right to acquire one share of the Company's common stock. 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. Options were granted on February 19, 2018 and became exercisable in 25% increments on the first, second, third and fourth anniversary dates of the grant. Options become exercisable in 25% increments on the first, second, third and fourth anniversary dates of the grant.
FAQ
What insider transactions did McDonald’s (MCD) EVP Edith Morgan Flatley report?
Edith Morgan Flatley reported exercising performance-based RSUs and options, receiving a new 26,076-share option grant, selling 4,692 common shares at 331.00, and having shares withheld to cover taxes. These moves adjusted her direct McDonald’s common stock holdings to 7,395.98 shares.
What new equity award did Edith Morgan Flatley receive from McDonald’s (MCD)?
She received a grant of 26,076 options (right to buy) on McDonald’s common stock. According to the filing, these options become exercisable in 25% increments on the first, second, third, and fourth anniversary dates of the grant.
How did McDonald’s (MCD) performance-based RSUs vest for Edith Morgan Flatley?
The filing states she vested in 82.2% of an original grant of 2,262 performance-based RSUs based on McDonald’s performance from January 1, 2023 through December 31, 2025. Each RSU corresponds to one share of McDonald’s common stock upon settlement.
What are the dividend equivalent rights mentioned in the McDonald’s (MCD) Form 4?
Dividend equivalent rights were settled in connection with vested RSUs, resulting in 135 additional common shares. Each dividend equivalent right is described as the economic equivalent of one share of McDonald’s common stock, mirroring dividends that would have been paid on underlying shares.