Form 4: McDonald's EVP-Chief Supply Chain Officer Reports Changes in Beneficial Ownership
SEC Filing
Marion K. Gross, EVP-Chief Supply Chain Officer at McDonald's, reports changes in beneficial ownership of company stock, including the disposition of shares and holdings in phantom stock.
Summary
- Marion K. Gross, an EVP-Chief Supply Chain Officer at McDonald's Corporation, filed a Form 4 with the SEC on February 27, 2024.
- The report details changes in her beneficial ownership of McDonald's common stock.
- On February 26, 2024, 223 shares of common stock were disposed of at $0 price.
- Following the transaction, Gross directly owns 12,075.78 shares and indirectly owns 2,236.06 shares through a trust.
- She also holds 9,437.34 shares in phantom stock through a non-qualified benefit plan, representing the right to receive the cash value of McDonald's common stock upon separation from service.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting changes in beneficial ownership, which carries a neutral sentiment.
Industry Context
This filing is a routine disclosure related to insider transactions and is required by the SEC to provide transparency regarding the ownership of company stock by its executives.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive stock ownership.
Key Dates
| Date | Description |
|---|---|
| 02/26/2024 | Date of transaction involving common stock. |
| 02/27/2024 | Date of Form 4 filing. |
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