Form 4: McDonald's CEO Christopher Kempczinski Executes Stock Options and Sells Shares
SEC Form 4 Filing
McDonald's CEO Christopher Kempczinski exercised stock options and sold shares on September 27, 2024, according to a Form 4 filing with the SEC.
Summary
- On September 27, 2024, Christopher Kempczinski, the Chairman and CEO of McDonald's Corporation, exercised options to purchase 9,291 shares of common stock at a price of $112.11 per share.
- Simultaneously, Kempczinski sold 9,291 shares of common stock at a price of $305 per share.
- Following these transactions, Kempczinski directly owns 43,255.8 shares of McDonald's common stock.
- He also indirectly owns 4,830.43 shares of phantom stock through a non-qualified benefit plan.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions and provides insight into the executive's holdings and trading activity in the company's stock.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the overall impact is likely minimal.
Key Dates
| Date | Description |
|---|---|
| 09/27/2024 | Date of stock option exercise and share sale. |
| 11/12/2025 | Expiration date of the options exercised. |
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