[Form 4] McDonald's Corporation Insider Trading Activity

Rhea-AI Filing Summary

McDonald's executive Jonathan Banner reported a sale of 1,000 shares of McDonald's Corporation common stock on 08/19/2025 at a reported price of $310 per share. Following the transaction the form shows 98.66 shares beneficially owned. The filing is a Section 16 Form 4 and was signed by an attorney-in-fact on 08/19/2025.

Insights

Securities Analyst

TL;DR: An officer reported a 1,000-share sale at $310, a routine Section 16 disclosure that confirms insider disposition.

This Form 4 documents a clear, single non-derivative sale by Jonathan Banner, listed as EVP - Chief Impact Officer. The transaction is reported as a direct disposition of 1,000 common shares at $310 on 08/19/2025, with the post-transaction beneficial ownership reported as 98.66 shares. For investors, the filing is a standard insider-sale disclosure without additional financial detail or context in the document.

Corporate Governance Expert

TL;DR: The filing demonstrates compliance with Section 16 reporting for an officer sale; no governance issues are stated.

The Form 4 shows the reporting person's relationship to the issuer (Officer, EVP - Chief Impact Officer) and a signed filing by an attorney-in-fact. The disclosure is consistent with required reporting of insider trades; the document does not include any information on trading plans, motivations, or related-party arrangements.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Banner Jonathan

(Last) (First) (Middle)

MCDONALD'S CORPORATION

110 NORTH CARPENTER STREET

(Street)

CHICAGO IL 60607

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
MCDONALDS CORP [ MCD ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP - Chief Impact Officer

3. Date of Earliest Transaction (Month/Day/Year)
08/19/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/19/2025		S		1,000	D	$310	98.66	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

	/s/ Jeffrey J. Pochowicz, Attorney-in-fact	08/19/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider activity did McDonald's (MCD) report on 08/19/2025?

Jonathan Banner reported selling 1,000 shares of McDonald's common stock on 08/19/2025 at a price of $310 per share.

What position does the reporting person hold at McDonald's in this Form 4?

The reporting person is listed as an Officer, specifically EVP - Chief Impact Officer.

How much McDonald's stock did the officer own after the reported sale?

The Form 4 reports 98.66 shares beneficially owned following the transaction.

Was the Form 4 signed and dated?

Yes. The form includes a signature by an attorney-in-fact, /s/ Jeffrey J. Pochowicz, dated 08/19/2025.

Does the filing disclose any derivative transactions or trading plan?

No. The submitted Form 4 shows a non-derivative sale and does not disclose any derivative transactions or a Rule 10b5-1 trading plan.