Form 4: McDonald's Director Kareem Daniel Reports Late Acquisition of Common Stock

Director Kareem Daniel reported the acquisition of McDonald's common stock in multiple transactions between November 3, 2022, and November 9, 2022, due to administrative oversight.

Summary

• Kareem Daniel, a director of McDonald's Corporation, reported the acquisition of common stock between November 3, 2022, and November 9, 2022.
• The transactions were reported late due to inadvertent administrative oversight.
• On November 3, 2022, 2 shares were acquired at $271.83.
• On November 4, 2022, 49 shares were acquired at $273.45.
• On November 7, 2022, 23 shares were acquired at $276.27.
• On November 8, 2022, 35 shares were acquired at $278.36.
• On November 9, 2022, 36 shares were acquired at $278.73.
• Following these transactions, the reporting person beneficially owns 145 shares.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it primarily reports transactions. The late filing is a minor negative.

Negatives

• The transactions were reported late due to administrative oversight, indicating a lapse in compliance procedures.

Risks

• Late reporting of transactions can raise concerns about compliance with SEC regulations and internal controls.

Management Comments

• The transactions herein are being reported late due to inadvertent administrative oversight.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. Late filings, while not uncommon, can draw scrutiny.

Stakeholder Impact

• The late reporting could raise minor concerns among shareholders regarding the company's internal controls and compliance procedures.

Key Dates