Form 4: McDonald's Director Miles D. White Acquires Phantom Stock in Deferred Compensation Plan
SEC Form 4 Filing
Miles D. White, a director at McDonald's Corporation, acquired phantom stock as part of a deferred compensation plan.
Summary
- Miles D. White, a director of McDonald's Corporation, has reported a transaction involving phantom stock.
- The transaction occurred on December 31, 2024, and involved the acquisition of 700.47 units of phantom stock.
- This phantom stock was acquired as part of the Directors' Deferred Compensation Plan.
- Each unit of phantom stock is equivalent to one share of McDonald's common stock and will be settled in cash upon the director's retirement or termination from the board.
- The price of the phantom stock was $289.89 per unit.
- Following this transaction, Mr. White beneficially owns 22,094.6 units of phantom stock, including shares acquired through dividend reinvestment.
Sentiment
Score: 7
Explanation: The document reflects a routine transaction related to director compensation, which is neither positive nor negative for the company's performance. It is a standard practice.
Future Outlook
The phantom stock will be settled in cash upon the director's retirement or termination from the board.
Industry Context
This is a routine filing related to director compensation and is common practice for publicly traded companies.
Comparison to Industry Standards
- Deferred compensation plans, including phantom stock, are a common practice for compensating directors in large publicly traded companies like McDonald's.
- Many companies in the restaurant and consumer goods sectors use similar methods to align director interests with shareholder value.
- Companies such as Starbucks, Yum! Brands, and Coca-Cola also utilize deferred compensation plans for their directors.
Stakeholder Impact
- The transaction has a minimal direct impact on shareholders as it is part of a pre-existing compensation plan.
- The transaction does not directly impact employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 12/31/2024 | Date of the phantom stock acquisition. |
| 01/03/2025 | Date the form was signed by Christopher Weber, Attorney-in-fact. |
Keywords
phantom stock, deferred compensation, director, McDonald's, insider trading, equity, compensation
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