STOCK TITAN

[Form 4] McDonald's Corporation Insider Trading Activity

Filing Impact
(Low)
Filing Sentiment
(Negative)
Form Type
4
Rhea-AI Filing Summary

Lauren B. Elting, McDonald’s Vice President, Chief Accounting Officer and Corporate Controller, reports equity activity tied to restricted stock awards and related settlements. The Form 4 shows transactions dated 08/07/2025 reflecting the vesting and settlement of 990 restricted stock units (one-third of a 2,970 RSU grant originally awarded on 08/07/2024), and settlement of 24 dividend equivalent rights. The filing also records a disposition of 297.1 shares at $307.91 per share. After these reported transactions the beneficial ownership reported on the form is 716.9 shares of McDonald’s common stock. The entries show the RSUs convert one-for-one into common shares and that the settled RSUs and dividend equivalents were reported with a $0 acquisition price.

Lauren B. Elting, Vicepresidente di McDonald’s nonché Chief Accounting Officer e Corporate Controller, segnala movimenti di capitale legati a premi in azioni vincolate e ai relativi regolamenti. Il Modulo 4 riporta operazioni datate 08/07/2025 che mostrano la maturazione e il regolamento di 990 unità di azioni vincolate (un terzo di una concessione di 2,970 RSU originariamente assegnata il 08/07/2024) e il regolamento di 24 diritti equivalenti da dividendo. La comunicazione registra inoltre una cessione di 297.1 azioni a $307.91 per azione. Dopo queste operazioni, la detenzione beneficiaria riportata nel modulo è di 716.9 azioni ordinarie di McDonald’s. Le voci indicano che le RSU si convertono uno a uno in azioni ordinarie e che le RSU regolate e gli equivalenti da dividendo sono stati dichiarati con prezzo di acquisizione pari a $0.

Lauren B. Elting, vicepresidenta de McDonald’s, Chief Accounting Officer y Corporate Controller, informa sobre movimientos de capital vinculados a concesiones de acciones restringidas y sus liquidaciones. El Formulario 4 recoge transacciones con fecha 08/07/2025 que reflejan el vencimiento y la liquidación de 990 unidades de acciones restringidas (un tercio de una concesión de 2,970 RSU otorgada originalmente el 08/07/2024) y la liquidación de 24 derechos equivalentes a dividendos. La presentación también registra una disposición de 297.1 acciones a $307.91 por acción. Tras estas transacciones, la participación beneficiaria informada en el formulario es de 716.9 acciones ordinarias de McDonald’s. Los registros muestran que las RSU se convierten uno a uno en acciones ordinarias y que las RSU liquidadas y los equivalentes de dividendos se declararon con un precio de adquisición de $0.

Lauren B. Elting은(는) McDonald’s의 부사장 겸 최고회계책임자(Chief Accounting Officer)이자 Corporate Controller로서 제한주식 보상 및 관련 정산에 따른 지분 변동을 보고합니다. Form 4에는 08/07/2025자 거래로 990개의 제한주식단위(RSU)가 베스팅되어 정산된 것(원래 2,970 RSU가 08/07/2024에 부여된 것의 1/3)과 24개의 배당 상응 권리가 정산된 사실이 기재되어 있습니다. 신고서에는 또한 주당 $307.91에 297.1주를 처분한 기록이 있습니다. 이러한 거래 후 신고서에 기재된 실질 보유 주식 수는 McDonald’s 보통주 716.9주입니다. 항목들은 RSU가 1대1로 보통주로 전환되며 정산된 RSU와 배당 상응 권리는 취득가 $0으로 신고되었음을 보여줍니다.

Lauren B. Elting, vice-présidente de McDonald’s, Chief Accounting Officer et Corporate Controller, déclare des mouvements de titres liés à des attributions d’actions restreintes et à leurs règlements. Le formulaire 4 indique des opérations datées du 08/07/2025 reflétant la vesting et le règlement de 990 unités d’actions restreintes (un tiers d’une attribution de 2,970 RSU accordée initialement le 08/07/2024), ainsi que le règlement de 24 droits équivalents aux dividendes. Le dépôt enregistre également une cessation de 297.1 actions à $307.91 par action. Après ces opérations, la propriété bénéficiaire déclarée sur le formulaire s’élève à 716.9 actions ordinaires McDonald’s. Les mentions indiquent que les RSU se convertissent une pour une en actions ordinaires et que les RSU réglées ainsi que les équivalents de dividendes ont été déclarés avec un prix d’acquisition de $0.

Lauren B. Elting, Vice President, Chief Accounting Officer und Corporate Controller von McDonald’s, meldet Aktienbewegungen im Zusammenhang mit Restricted Stock Awards und deren Abrechnungen. Das Formular 4 weist Transaktionen vom 08/07/2025 aus, die die Vesting-Phase und Abrechnung von 990 Restricted Stock Units (ein Drittel einer ursprünglich am 08/07/2024 gewährten Zuteilung von 2,970 RSUs) sowie die Abrechnung von 24 Dividendenäquivalenten betreffen. Die Einreichung verzeichnet außerdem eine Veräußerung von 297.1 Aktien zu $307.91 pro Aktie. Nach diesen gemeldeten Transaktionen beträgt das im Formular ausgewiesene wirtschaftliche Eigentum 716.9 Aktien der McDonald’s-Stammaktien. Die Einträge zeigen, dass RSUs eins zu eins in Stammaktien umgewandelt werden und dass die abgerechneten RSUs sowie die Dividendenäquivalente mit einem Erwerbspreis von $0 angegeben wurden.

Positive
  • Grant recorded: 2,970 restricted stock units originally granted (vesting in three equal annual installments).
  • Vesting and settlement: 990 RSUs vested and were settled into 990 shares (reported acquisition price $0).
  • Dividend equivalents settled: 24 dividend equivalent rights were settled in connection with vested RSUs.
  • Transparent reporting: The Form 4 discloses the disposition of 297.1 shares at $307.91, and the form shows resulting beneficial ownership of 716.9 shares.
Negative
  • None.

Insights

TL;DR: Routine executive equity vesting and partial disposition; shows compensation realization and a decrease in reported beneficial holdings.

The filing documents a standard compensation event: a grant of 2,970 RSUs that vests in three equal installments, with 990 RSUs vesting and converting into common shares on 08/07/2025 and 24 dividend equivalent rights settled. The record of a 297.1-share disposition at $307.91 per share reduces the reporter’s beneficial holdings to 716.9 shares as shown. These are typical equity plan mechanics for senior officers and are disclosed pursuant to Section 16 reporting requirements.

TL;DR: Transaction details are factual and transactional; no regulatory flags or unusual terms are disclosed.

The document lists acquisition events with a reported acquisition price of $0 for settled RSUs (standard for unit-to-share settlements) and a separate disposition of 297.1 shares at $307.91. The sequence—vesting, settlement of dividend equivalents, and a partial disposition—affects reported beneficial ownership but reflects routine insider activity rather than an extraordinary corporate event based on the form’s contents.

Lauren B. Elting, Vicepresidente di McDonald’s nonché Chief Accounting Officer e Corporate Controller, segnala movimenti di capitale legati a premi in azioni vincolate e ai relativi regolamenti. Il Modulo 4 riporta operazioni datate 08/07/2025 che mostrano la maturazione e il regolamento di 990 unità di azioni vincolate (un terzo di una concessione di 2,970 RSU originariamente assegnata il 08/07/2024) e il regolamento di 24 diritti equivalenti da dividendo. La comunicazione registra inoltre una cessione di 297.1 azioni a $307.91 per azione. Dopo queste operazioni, la detenzione beneficiaria riportata nel modulo è di 716.9 azioni ordinarie di McDonald’s. Le voci indicano che le RSU si convertono uno a uno in azioni ordinarie e che le RSU regolate e gli equivalenti da dividendo sono stati dichiarati con prezzo di acquisizione pari a $0.

Lauren B. Elting, vicepresidenta de McDonald’s, Chief Accounting Officer y Corporate Controller, informa sobre movimientos de capital vinculados a concesiones de acciones restringidas y sus liquidaciones. El Formulario 4 recoge transacciones con fecha 08/07/2025 que reflejan el vencimiento y la liquidación de 990 unidades de acciones restringidas (un tercio de una concesión de 2,970 RSU otorgada originalmente el 08/07/2024) y la liquidación de 24 derechos equivalentes a dividendos. La presentación también registra una disposición de 297.1 acciones a $307.91 por acción. Tras estas transacciones, la participación beneficiaria informada en el formulario es de 716.9 acciones ordinarias de McDonald’s. Los registros muestran que las RSU se convierten uno a uno en acciones ordinarias y que las RSU liquidadas y los equivalentes de dividendos se declararon con un precio de adquisición de $0.

Lauren B. Elting은(는) McDonald’s의 부사장 겸 최고회계책임자(Chief Accounting Officer)이자 Corporate Controller로서 제한주식 보상 및 관련 정산에 따른 지분 변동을 보고합니다. Form 4에는 08/07/2025자 거래로 990개의 제한주식단위(RSU)가 베스팅되어 정산된 것(원래 2,970 RSU가 08/07/2024에 부여된 것의 1/3)과 24개의 배당 상응 권리가 정산된 사실이 기재되어 있습니다. 신고서에는 또한 주당 $307.91에 297.1주를 처분한 기록이 있습니다. 이러한 거래 후 신고서에 기재된 실질 보유 주식 수는 McDonald’s 보통주 716.9주입니다. 항목들은 RSU가 1대1로 보통주로 전환되며 정산된 RSU와 배당 상응 권리는 취득가 $0으로 신고되었음을 보여줍니다.

Lauren B. Elting, vice-présidente de McDonald’s, Chief Accounting Officer et Corporate Controller, déclare des mouvements de titres liés à des attributions d’actions restreintes et à leurs règlements. Le formulaire 4 indique des opérations datées du 08/07/2025 reflétant la vesting et le règlement de 990 unités d’actions restreintes (un tiers d’une attribution de 2,970 RSU accordée initialement le 08/07/2024), ainsi que le règlement de 24 droits équivalents aux dividendes. Le dépôt enregistre également une cessation de 297.1 actions à $307.91 par action. Après ces opérations, la propriété bénéficiaire déclarée sur le formulaire s’élève à 716.9 actions ordinaires McDonald’s. Les mentions indiquent que les RSU se convertissent une pour une en actions ordinaires et que les RSU réglées ainsi que les équivalents de dividendes ont été déclarés avec un prix d’acquisition de $0.

Lauren B. Elting, Vice President, Chief Accounting Officer und Corporate Controller von McDonald’s, meldet Aktienbewegungen im Zusammenhang mit Restricted Stock Awards und deren Abrechnungen. Das Formular 4 weist Transaktionen vom 08/07/2025 aus, die die Vesting-Phase und Abrechnung von 990 Restricted Stock Units (ein Drittel einer ursprünglich am 08/07/2024 gewährten Zuteilung von 2,970 RSUs) sowie die Abrechnung von 24 Dividendenäquivalenten betreffen. Die Einreichung verzeichnet außerdem eine Veräußerung von 297.1 Aktien zu $307.91 pro Aktie. Nach diesen gemeldeten Transaktionen beträgt das im Formular ausgewiesene wirtschaftliche Eigentum 716.9 Aktien der McDonald’s-Stammaktien. Die Einträge zeigen, dass RSUs eins zu eins in Stammaktien umgewandelt werden und dass die abgerechneten RSUs sowie die Dividendenäquivalente mit einem Erwerbspreis von $0 angegeben wurden.

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
Estimated average burden
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*
Elting Lauren B

(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)
VP - CAO and Corp Controller
3. Date of Earliest Transaction (Month/Day/Year)
08/07/2025
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 08/07/2025 M 990(1) A $0(2) 990 D
Common Stock 08/07/2025 M 24(3) A $0 1,014 D
Common Stock 08/07/2025 F 297.1 D $307.91 716.9 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
Restricted Stock Unit (2) 08/07/2025 M 990(1) 08/07/2025 08/07/2025 Common Stock 990(1) $0 0 D
Dividend Equivalent Rights (3) 08/07/2025 M 24(3) 08/07/2025 08/07/2025 Common Stock 24(3) $0 0 D
Explanation of Responses:
1. On August 7, 2024, Ms. Elting was granted 2,970 restricted stock units ("RSUs"), vesting in three equal installments on the first three anniversaries of the grant date.
2. Each RSU represents a right to acquire one share of McDonald's Corporation common stock.
3. Settlement of dividend equivalent rights in connection with vested RSUs. Each dividend equivalent right is the economic equivalent of one share of McDonald's Corporation common stock.
/s/ Jeffrey J. Pochowicz, Attorney-in-fact 08/12/2025
** 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 transactions did McDonald’s (MCD) report for Lauren B. Elting?

The Form 4 reports 990 RSUs vested and were settled into common shares, 24 dividend equivalent rights settled, and a disposition of 297.1 shares at $307.91 per share.

How many RSUs were originally granted to Lauren Elting and what is the vesting schedule?

The filing states an original grant of 2,970 RSUs that vest in three equal installments on the first three anniversaries of the grant date.

What was Lauren Elting’s reported beneficial ownership after the transactions?

Following the reported transactions, the Form 4 shows beneficial ownership of 716.9 shares of McDonald’s common stock.

Does the Form 4 show the acquisition price for the settled RSUs?

Yes. The settled RSUs and dividend equivalent rights are reported with an acquisition price of $0 per share on this Form 4.

On what date were the reported transactions executed?

The transactions reported on the Form 4 are dated 08/07/2025.
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