Form 4: McDonald's SVP Corporate Controller Reports Sale of Common Stock

Catherine A. Hoovel, SVP Corporate Controller at McDonald's, reported the sale of 719.02 shares of common stock on February 23, 2024.

Summary

• Catherine A. Hoovel, a Senior Vice President and Corporate Controller at McDonald's Corporation, filed a Form 4 with the SEC.
• The form reports a transaction that occurred on February 23, 2024, where Ms. Hoovel disposed of 719.02 shares of McDonald's common stock.
• The sale price was a weighted average of $297.64 per share, with individual trades ranging from $297.64 to $297.68.
• Following the transaction, Ms. Hoovel directly owns 891 shares of McDonald's common stock and indirectly owns 605.66 shares through a profit-sharing plan, which includes shares acquired through dividend reinvestment.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, so the sentiment is neutral.

Industry Context

Form 4 filings are standard practice for corporate insiders to report transactions in their company's stock, ensuring transparency and compliance with securities regulations.

Stakeholder Impact

• The sale of shares by a company insider can sometimes be perceived negatively by shareholders, but in this case, the number of shares sold is relatively small.

Key Dates