Form 4: McDonald's Director Jennifer L. Taubert Reports Acquisition of Phantom Stock

Director Jennifer L. Taubert reports acquiring phantom stock in McDonald's Corporation through a deferred compensation plan.

Summary

• On September 30, 2024, Jennifer L. Taubert, a director of McDonald's Corporation, acquired phantom stock equivalent to 98.52 shares of common stock.
• The acquisition was made through the Board of Directors Deferred Compensation Plan and is exempt under Rule 16b-3(d)(1).
• The price of the phantom stock was $304.51 per share.
• Following the transaction, Ms. Taubert beneficially owns 1,751.1 derivative securities.
• The phantom stock will be settled in cash following the director's retirement or termination from the Board.
• The report was filed on October 1, 2024, by Christopher Weber, Attorney-in-fact.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing indicating standard compensation practices. It doesn't contain information that would significantly impact investor sentiment positively or negatively.

Positives

• The acquisition of phantom stock through a deferred compensation plan aligns the director's interests with the long-term performance of the company.

Future Outlook

Payment of phantom stock will occur following the Director's retirement date or other termination from the Board.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. Phantom stock is a common form of deferred compensation for directors.

Comparison to Industry Standards

• Deferred compensation plans, including phantom stock awards, are a common practice among large corporations like McDonald's to attract and retain board members.
• Companies such as Coca-Cola, PepsiCo, and Starbucks also utilize similar compensation strategies for their directors.

Stakeholder Impact

• The transaction has a minimal direct impact on shareholders, employees, customers, suppliers, or creditors, as it relates to director compensation.

Key Dates