McDonald's VP Lauren Elting Exercises RSUs, Withholds Shares for Taxes
$MCD · MCDONALDS CORPResearch Summary
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McDonald's VP Lauren Elting Exercises RSUs, Withholds Shares for Taxes
What Happened
Lauren B. Elting, Vice President — Chief Accounting Officer and Corporate Controller at McDonald's (MCD), had restricted stock units (RSUs) that vested and were converted into common shares on August 7, 2026. The filing shows 990 shares and 48 shares converted (total 1,038 shares) at $0.00 (RSU settlement). To cover tax withholding, 304 shares were surrendered/disposed at a reported value of $274.48 per share, totaling about $83,442. This appears to be a routine settlement of vested RSUs with shares withheld for taxes, not an open‑market sale for cash.
Key Details
- Transaction date: August 7, 2026; Form 4 filed August 11, 2026 (timely — within required 2 business days).
- Conversions/exercises (code M): 990 shares and 48 shares acquired at $0.00 (RSU settlement).
- Tax withholding (code F): 304 shares withheld/disposed at $274.48 per share, ≈ $83,442.
- Shares owned after transaction: Not specified in the provided excerpt of the filing.
- Footnotes: F1 — 2,970 RSUs originally granted on Aug 7, 2024 vesting in three equal installments; F2 — each RSU equals one share; F3 — settlement included dividend equivalent rights paid in shares.
- Transaction codes explained: M = exercise/conversion of a derivative (RSU settlement); F = shares surrendered/withheld to satisfy tax liability.
Context
This is a common, routine insider transaction tied to RSU vesting rather than a discretionary open‑market buy or sell. The conversion of RSUs into shares followed by withholding (surrendering) a portion to cover taxes is standard practice and does not necessarily reflect the insider’s view on the company’s stock.