McDonald's (MCD) EVP exercises 6,567 stock options and sells shares at $305.5

Rhea-AI Filing Summary

McDonald's Corporation executive reports stock option exercise and sale. An officer of McDonald's Corporation, listed as EVP - President, IOM, exercised options to acquire 6,567 shares of common stock at an exercise price of $266.2 per share on 12/01/2025. On the same date, the officer sold 6,567 shares of common stock in a transaction reported with a weighted average sale price of $305.5 per share, based on multiple trades between $303.45 and $309.00 per share.

Following these transactions, the officer beneficially owned 4,606.1 shares of McDonald’s common stock directly and held 10,120 options to acquire additional shares. The options exercised on December 1, 2025 relate to a grant made on 02/13/2023, which becomes exercisable in 25% increments on each of the first four anniversaries of the grant date.

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).

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^*

Steijaert Manuel JM

(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 - President, IOM

3. Date of Earliest Transaction (Month/Day/Year)
12/01/2025

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	12/01/2025		M		6,567	A	$266.2	11,173.1	D
Common Stock	12/01/2025		S		6,567	D	$305.5(1)	4,606.1	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
Options (Right to Buy)	$266.2	12/01/2025		M			6,567	(2)	02/13/2033	Common Stock	6,567	$0	10,120	D

Explanation of Responses:

1. This transaction was executed in multiple trades ranging from $303.45 to $309.00 per share. The price reported represents the weighted average sales price of this trade. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer, full information regarding the shares sold at each separate price.

2. Options were granted on February 13, 2023 and become exercisable in 25% increments on the first, second, third and fourth anniversary of the grant.

	/s/ Jeffrey J. Pochowicz, Attorney-in-fact	12/02/2025
	** 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?

An executive of McDonald's Corporation (MCD), serving as EVP - President, IOM, reported exercising stock options to acquire 6,567 shares of common stock and selling 6,567 shares of common stock on 12/01/2025.

What prices were involved in the McDonald's (MCD) insider option exercise and stock sale?

The reported option exercise price was $266.2 per share for 6,567 options. The sale of 6,567 shares was reported at a weighted average price of $305.5 per share, based on multiple trades ranging from $303.45 to $309.00 per share.

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

After the reported transactions, the executive beneficially owned 4,606.1 shares of McDonald's common stock directly.

How many McDonald's (MCD) stock options does the insider still hold?

Following the December 1, 2025 transactions, the reporting person held 10,120 options to acquire McDonald’s common stock.

When were the McDonald's (MCD) stock options originally granted and how do they vest?

The options exercised on 12/01/2025 were granted on 02/13/2023. They become exercisable in 25% increments on the first, second, third, and fourth anniversaries of the grant date.

Was the McDonald's (MCD) insider sale executed in a single trade or multiple trades?

The sale transaction was executed in multiple trades with prices ranging from $303.45 to $309.00 per share, with a reported weighted average sale price of $305.5 per share.