Borden Ian Frederick 4

What Happened

• Ian Frederick Borden, Executive Vice President and Chief Financial Officer of McDonald's (MCD), had performance-based RSUs vest and converted them into shares on 2026-02-13, received a separate RSU award, and had shares withheld/sold to cover tax obligations. Specifically, 5,949 performance RSUs and 430 dividend-equivalent units were converted (shown at $0 exercise price), and a grant/award of 52,151 RSUs was recorded. To satisfy tax withholding, 2,368.1 shares were disposed at $327.58 each, generating $775,742.

Key Details

• Transaction date: 2026-02-13; Form 4 filed 2026-02-17 (timely filing).
• Conversions/acquisitions: 5,949 shares (performance RSUs), 430 shares (dividend equivalents), plus a grant of 52,151 RSUs — all reported at $0.00 per share (derivative/award).
• Tax payment: 2,368.1 shares disposed at $327.58/share for $775,742 (code F – payment of exercise price or tax liability / share withholding).
• Shares owned after the transactions: not specified in the provided excerpt of the filing.
• Relevant footnotes: F1 — 82.2% of an original grant of 7,237 performance RSUs vested; F2 — each performance RSU equals one share; F3 — dividend equivalents settled in shares; F4 — general note on option vesting schedule (not directly used here).

Context

• This was primarily a compensation event: performance RSUs vested and were settled, and a new RSU award was granted. The disposal of ~2,368 shares was to satisfy tax withholding — a routine administrative step rather than an open-market sale signaling a view on the stock.
• For retail investors: award/vesting transactions are compensation-related and do not necessarily indicate insider sentiment; purchases are usually more informative about an insider’s personal bullishness.