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 March 31, 2025, Jennifer L. Taubert, a director of McDonald's Corporation, acquired 96.04 shares of phantom stock.
• The acquisition was made pursuant to the Board of Directors Deferred Compensation Plan and is exempt under Rule 16b-3(d)(1).
• Each share of phantom stock is the economic equivalent of one share of McDonald's common stock and will be settled in cash following the director's retirement or termination from the board.
• Following the reported transaction, Taubert beneficially owns 2,676.44 shares of McDonald's common stock, including shares acquired through dividend reinvestment.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, indicating a neutral to slightly positive sentiment due to alignment of interests.

Positives

• The acquisition of phantom stock aligns the director's interests with the long-term performance of the company.
• The deferred compensation plan can be seen as a tool to retain board members.

Future Outlook

The phantom stock will be settled in cash upon the director's retirement or termination from the board.

Industry Context

Reporting of beneficial ownership changes by company insiders is a standard practice governed by SEC regulations, providing transparency to investors.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding director compensation and ownership.

Key Dates

Keywords

phantom stock, Form 4, director, deferred compensation, McDonald's, beneficial ownership, Taubert, MCD