McDonald's Director Acquires Phantom Stock Tied to Retirement

McDonald's director Michael D. Hsu has acquired 129.9 phantom stock shares as part of his deferred compensation under the Board of Directors Deferred Compensation Plan.

The acquisition occurred on September 30, 2026, and each phantom share is equivalent to one common share of McDonald's Corporation.

Phantom stocks are a form of compensation that gives executives or employees the benefits of stock ownership without actually giving them real shares. They act as a promise to pay the employee the equivalent value of company stock later, often as a bonus or incentive.