McDonald’s insider donates 690 MCD shares, now holds 5,398.12

Rhea-AI Filing Summary

McDonald's Corporation insider Form 4 filing reports a charitable stock gift. The President of McDonald's USA reported giving 690 shares of McDonald's common stock as a gift on 11/20/2025, recorded at a price of $0 because it was a donation, not a sale. After this transaction, the reporting person beneficially owns 5,398.12 shares of McDonald's common stock. The filing notes the gift was made to a charitable donor-advised fund and is reported as a transaction by one reporting person.

Insider Trade Summary

690 shares gifted

Mixed 1 txn

Insider Erlinger Joseph M.

Role President, McDonald's USA

Type	Security	Shares	Price	Value
Gift	Common Stock	690	$0.00	--

Holdings After Transaction: Common Stock — 5,398.12 shares (Direct)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

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^*

Erlinger Joseph M.

(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)
	President, McDonald's USA

3. Date of Earliest Transaction (Month/Day/Year)
11/20/2025

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	11/20/2025		G(1)		690	D	$0	5,398.12	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:

1. Reflects the gift of common stock to a charitable donor-advised fund.

	/s/ Jeffrey J. Pochowicz, Attorney-in-fact	11/20/2025
	** 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 transaction did McDonald's (MCD) report in this Form 4?

The filing reports that the President of McDonald's USA made a gift of 690 shares of McDonald's common stock on 11/20/2025.

Was the McDonald's (MCD) insider transaction a sale or a gift?

It was reported as a gift transaction (Transaction Code G), specifically described as a gift of common stock to a charitable donor-advised fund.

How many McDonald's (MCD) shares does the insider own after this transaction?

Following the reported gift, the insider beneficially owns 5,398.12 shares of McDonald's common stock in direct ownership.

What price was reported for the gifted McDonald's (MCD) shares?

The gift of 690 common shares was reported at a price of $0, reflecting that it was a donation rather than a market sale.

Who is the reporting person’s role at McDonald's (MCD) in this Form 4?

The reporting person is listed as an Officer, serving as President, McDonald's USA.

Is this McDonald's (MCD) Form 4 filed by one or multiple reporting persons?

The document indicates that the Form is filed by one reporting person, not a group filing.