McDonald's (MCD) USA president sells 333 shares in open-market trade

Rhea-AI Filing Summary

McDonald's Corp executive Joseph M. Erlinger, President of McDonald's USA, reported an open-market sale of 333 shares of common stock at $302.72 per share. After this transaction, he directly holds 8,066.89 shares of McDonald's common stock.

Insider Trade Summary 10b5-1

Net Seller: 333 shares ($100,806)

Net Sell 1 txn

Insider Erlinger Joseph M.

Role President, McDonald's USA

Sold 333 shs ($101K)

Type	Security	Shares	Price	Value
Sale	Common Stock	333	$302.72	$101K

Holdings After Transaction: Common Stock — 8,066.89 shares (Direct, null)

Footnotes (1)

Key Figures

Shares sold: 333 shares Sale price: $302.72 per share Shares held after: 8,066.89 shares

3 metrics

Shares sold 333 shares Open-market sale of McDonald's common stock

Sale price $302.72 per share Execution price for the 333 sold shares

Shares held after 8,066.89 shares Direct McDonald's common stock holdings post-transaction

Key Terms

open-market sale, Common Stock, Form 4

3 terms

open-market sale financial

"transaction_action":"open-market sale"

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

Common Stock financial

""security_title": "Common Stock""

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

Form 4 regulatory

"INSIDER FILING DATA (Form 4):"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

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).

X

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 ILLINOIS 60607

(City) (State) (Zip)

UNITED STATES

(Country)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/23/2026

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

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

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

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	04/23/2026		S		333	D	$302.72	8,066.89	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	04/23/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did McDonald's (MCD) report for Joseph M. Erlinger?

McDonald's reported that Joseph M. Erlinger, President of McDonald's USA, executed an open-market sale of 333 shares of common stock. The transaction was reported on a Form 4 insider filing as a standard sale of existing shares.

At what price did Joseph M. Erlinger sell McDonald's (MCD) shares?

Joseph M. Erlinger sold 333 McDonald's common shares at $302.72 per share. This price reflects the execution price disclosed in the Form 4, indicating a routine open-market sale rather than a grant, option exercise, or tax-withholding event.

How many McDonald's (MCD) shares does Joseph M. Erlinger hold after the sale?

Following the reported transaction, Joseph M. Erlinger holds 8,066.89 McDonald's common shares directly. This post-transaction balance comes from the Form 4 and shows his remaining ownership after selling 333 shares in the open market.

What does the transaction code 'S' mean in McDonald's (MCD) Form 4?

The transaction code 'S' on the McDonald's Form 4 indicates a sale of common stock in an open-market or private transaction. In this case, it confirms that Joseph M. Erlinger disposed of 333 shares through a standard sale rather than via options or gifts.

Was Joseph M. Erlinger's McDonald's (MCD) transaction a derivative exercise?

No, the filing classifies the transaction as non-derivative common stock with code 'S', indicating a direct sale. There is no associated exercise or conversion price, and the derivative summary in the filing is empty, so it is not an option or warrant exercise.