Every Form 4 that McDonald's Corporation (MCD) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A Form 4 covers the transactions officers, directors and large holders report, so if you follow MCD and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full MCD filings page.
McDonald's Corporation executive Lauren B. Elting, VP – CAO and Corporate Controller, reported transactions related to vested equity awards. On August 7, 2026, she exercised derivative awards covering 990 restricted stock units and 48 dividend equivalent rights, receiving the same number of shares of common stock. In a related transaction, 304 shares of common stock were delivered or withheld at $274.48 per share for payment of exercise price or tax liability. A footnote states that 2,970 RSUs were granted on August 7, 2024, vesting in three equal annual installments.
Taubert Jennifer L reported acquisition or exercise transactions in this Form 4 filing.
McDonald's Corporation director Jennifer L. Taubert reported routine deferred compensation grants in the form of phantom stock units. On March 31, 2026, she received 96.53 phantom stock units, followed by an additional 110.99 units on June 30, 2026.
Each phantom stock unit is the economic equivalent of one share of McDonald's common stock but will be settled in cash under the Board of Directors' Deferred Compensation Plan. The filing describes these amounts as deferred compensation, not open-market purchases or sales, and notes that payment will occur after the director retires or otherwise leaves the Board.
McDonald's director Lloyd H. Dean reported compensation-related acquisitions of phantom stock tied to company shares. On March 31, 2026, he received 116.64 phantom stock units at a reference price of $310.79 per unit, followed by an additional 134.11 units on June 30, 2026 at $270.31 per unit.
Each phantom stock unit is economically equivalent to one share of McDonald's common stock but will be settled in cash under the Board of Directors' Deferred Compensation Plan, not in actual shares. Payment occurs after the director retires or otherwise leaves the Board, and current holdings of 16,032.49 phantom units include amounts accumulated through dividend reinvestment.
Hsu Michael D. reported acquisition or exercise transactions in this Form 4 filing.
McDonald's Corporation director Michael D. Hsu reported awards of phantom stock that function as deferred cash compensation. On March 31, 2026, he received 96.53 shares of phantom stock, bringing his phantom stock balance to 1,880.49 units. On June 30, 2026, he received an additional 110.99 phantom stock units, increasing his balance to 2,003.62 units. Each phantom stock unit is economically equivalent to one share of McDonald's common stock and will be settled in cash under the Board of Directors Deferred Compensation Plan after he leaves the Board. The filing also notes 89 shares of common stock held indirectly by a trust as of March 31, 2026.
MCDONALDS CORP executive Joseph M. Erlinger, President of McDonald's USA, exercised stock options and sold shares in a coordinated transaction. He exercised options to acquire 5,252 shares of common stock at $157.79 per share and then sold 5,252 shares in an open-market sale at $284.32 per share. Following these transactions, he directly holds 7,733.89 shares of McDonald's common stock. The options exercised were originally granted on February 19, 2018 and became exercisable in 25% increments on each of the first four anniversaries of the grant.
McDonald’s EVP and Chief Legal Officer Desiree Ralls-Morrison sold common stock in an open-market transaction. On this Form 4, she sold 2,763 shares of McDonald’s common stock at a weighted average price of $278.36 per share, with individual trades ranging from $277.60 to $280.19. After the sale, she directly owns 6,268.12 common shares.
The filing also reports 3,278.25 units of phantom stock held indirectly through a non-qualified benefit plan. Each phantom stock unit represents the cash value of one McDonald’s share and is payable in cash after her separation from the company, and the balance includes amounts acquired through dividend reinvestment.
McDonald's President, McDonald's USA, Joseph M. Erlinger reported an open-market sale of 333 shares of Common Stock at $280.11 per share.
After this transaction, his direct ownership stands at 7,733.89 shares of McDonald’s common stock.
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.
McDonald’s Corporation executive Joseph M. Erlinger reported an option exercise and related share sale. As President, McDonald's USA, he exercised options to acquire 2,626 shares of common stock at an exercise price of $157.79 per share, then sold 2,626 shares in an open-market transaction at $307.00 per share on the same date.
Following these transactions, he directly held about 8,399.89 shares of McDonald’s common stock. The options exercised were part of a grant originally awarded on February 19, 2018 that became exercisable in 25% increments on each of the first four anniversaries of the grant.
McDonald's Corp President, McDonald's USA, Joseph M. Erlinger reported an open-market sale of 333 shares of common stock at $313.47 per share. After this transaction on March 23, 2026, he directly holds 8,399.89 McDonald's common shares.
McDonald’s Corporation executive Dario Baroni reported an open-market sale of company stock. On this Form 4, Baroni sold 600 shares of McDonald’s common stock at a price of $323.77 per share. After the transaction, he directly owns 1,063.07 shares of McDonald’s common stock.
McDonald's USA president Joseph M. Erlinger exercised stock options and then sold the resulting shares. On this Form 4, he exercised options for 2,626 shares of McDonald's common stock at an exercise price of $157.79 per share, converting a derivative award granted in 2018 into shares.
On the same date, he sold 2,626 shares of common stock in an open-market transaction at $328.34 per share. After these transactions, he directly holds 8,732.89 shares of McDonald's common stock and no remaining derivative position from this option grant, which had vested in annual 25% increments following its original February 19, 2018 grant.
McDonald’s executive Desiree Ralls-Morrison, EVP and Chief Legal Officer, reported a discretionary transaction involving 1,518.690 shares of phantom stock under a non-qualified benefit plan on February 20, 2026. Each phantom stock share represents a right to receive the cash value of one share of McDonald’s common stock and is payable in cash after she separates from the company.
Following this transaction, she indirectly held 3,254.670 phantom stock shares in the plan and directly held 9,031.120 shares of McDonald’s common stock. The filing does not reflect traditional open-market buying or selling of common stock, but an internal benefit plan adjustment.
McDonald's Corporation insider Joseph M. Erlinger, President of McDonald's USA, reported an open-market sale of company stock. On February 23, 2026, he sold 333 shares of McDonald's common stock at an average price of $330.43 per share.
After this transaction, Erlinger directly owned 8,732.89 shares of McDonald's common stock. This filing records a relatively small insider sale by a senior executive, showing a modest reduction of his direct holdings.
MCDONALDS CORP executive Jonathan Banner reported option exercises and share sales. On February 23, he exercised options for 4,600 shares of common stock at an exercise price of $266.20 per share. He then sold a total of 6,200.66 shares of McDonald’s common stock in open-market transactions at prices around $333 per share. After these trades, he directly owned 2,291.09 McDonald’s shares.
Steijaert Manuel JM reported multiple insider transaction types in a Form 4 filing for MCD. The filing lists transactions totaling 36,738 shares at a weighted average price of $327.58 per share. Following the reported transactions, holdings were 28,081 shares.
Rice Brian S reported multiple insider transaction types in a Form 4 filing for MCD. The filing lists transactions totaling 30,458 shares at a weighted average price of $327.58 per share. Following the reported transactions, holdings were 24,070 shares.
Ralls-Morrison Desiree reported multiple insider transaction types in a Form 4 filing for MCD. The filing lists transactions totaling 37,756 shares at a weighted average price of $327.58 per share. Following the reported transactions, holdings were 28,081 shares.
McDonald Gillian reported multiple insider transaction types in a Form 4 filing for MCD. The filing lists transactions totaling 46,768 shares at a weighted average price of $327.58 per share. Following the reported transactions, holdings were 30,087 shares.
McDonald's Chairman and CEO Christopher J. Kempczinski reported multiple equity transactions. He exercised options and vested equity awards into common stock, then sold 26,277 shares at $331.35 and 26,276 shares at $333.54 per share in open-market trades. Some newly acquired shares were withheld to cover tax obligations.
He also received a new award of 144,416 stock options, which vest in 25% increments on each of the first four anniversaries of the grant. Performance-based restricted stock units vested at 82.2% of an original 23,519-unit grant for the 2023–2025 performance period, with related dividend equivalent rights settling into additional shares. The filing also reflects indirect holdings through a non-qualified benefit plan and a trust for his children.
Flatley Edith Morgan reported multiple insider transaction types in a Form 4 filing for MCD. The filing lists transactions totaling 44,938 shares at a weighted average price of $250.91 per share. Following the reported transactions, holdings were 26,076 shares.
McDonald's executive Joseph M. Erlinger, President of McDonald's USA, reported routine equity compensation activity. On February 13, 2026, performance-based restricted stock units representing 5,577 shares of common stock vested and were converted into shares, reflecting the company’s performance against financial targets for the 2023–2025 period.
He also received 403 shares of common stock from dividend equivalent rights tied to those vested units, and was granted 32,093 stock options that become exercisable in 25% increments on each of the first four anniversaries of the grant. To cover tax obligations related to these awards, 2,312.23 shares of common stock were disposed of at $327.58 per share, leaving him with 9,065.89 shares of directly owned common stock.
Elting Lauren B reported acquisition or exercise transactions in a Form 4 filing for MCD. The filing lists transactions totaling 2,407 shares. Following the reported transactions, holdings were 2,407 shares.
Boyd Tiffanie L. reported multiple insider transaction types in a Form 4 filing for MCD. The filing lists transactions totaling 27,461 shares at a weighted average price of $327.58 per share. Following the reported transactions, holdings were 22,064 shares.
Borden Ian Frederick reported multiple insider transaction types in a Form 4 filing for MCD. The filing lists transactions totaling 67,277 shares at a weighted average price of $327.58 per share. Following the reported transactions, holdings were 52,151 shares.
Baroni Dario reported multiple insider transaction types in a Form 4 filing for MCD. The filing lists transactions totaling 8,433 shares at a weighted average price of $327.58 per share. Following the reported transactions, holdings were 1,069 shares.
Banner Jonathan reported multiple insider transaction types in a Form 4 filing for MCD. The filing lists transactions totaling 36,744 shares at a weighted average price of $327.58 per share. Following the reported transactions, holdings were 18,052 shares.
McDonald’s Corporation President, McDonald’s USA, Joseph M. Erlinger exercised employee stock options for 2,626 shares of common stock at $157.79 per share on February 10, 2026. He then sold 2,626 common shares in an open-market transaction at $325.25 per share the same day.
Following these transactions, he directly owned 5,398.12 shares of McDonald’s common stock and 26,261 options (right to buy) that remain outstanding. The exercised options were originally granted on February 19, 2018 and vested in 25% annual increments over four years.
McDonald's USA President Joseph M. Erlinger exercised options to acquire 2,626 shares of common stock at $157.79 per share on January 12, 2026, then sold 2,626 shares at a weighted-average price of $306.58 per share from trades between $304.66 and $307.30. After these transactions, he holds 5,398.12 shares of McDonald's common stock directly.
McDonald's Corporation director reports deferred compensation and share activity. A company director reported transactions dated 12/31/2025, including acquiring 670.75 units of phantom stock under the Board of Directors' Deferred Compensation Plan. Each phantom stock unit is the economic equivalent of one share of McDonald's common stock and will be settled in cash after the director's retirement or other termination from the Board. Following this transaction, the director beneficially owns 2,417.2 phantom stock units, which include amounts acquired through dividend reinvestment. The filing also shows a disposition of 117 shares of common stock.
McDonald's Corporation director reports deferred compensation phantom stock award
A director of McDonald's Corporation reported an acquisition of phantom stock units under the Board of Directors' Deferred Compensation Plan. On 12/31/2025, the director acquired 670.75 phantom stock units, each economically equivalent to one share of McDonald's common stock and to be settled in cash under the plan. Following this transaction, the director beneficially owned 4,673.99 phantom stock units. The filing also shows direct ownership of 2,079 shares of McDonald's common stock. The phantom stock represents deferred compensation, with payment to occur after the director's retirement or other termination from the Board and includes units acquired through dividend reinvestment.
McDonald's Corporation disclosed a Form 4 for a director covering transactions on 12/31/2025. The filing shows a disposition of 5,000 shares of common stock held directly. It also reports the acquisition of 670.75 phantom stock units under the Board of Directors' Deferred Compensation Plan, described as deferred compensation and exempt under Rule 16b-3(d)(1). Each phantom stock unit is economically equivalent to one share of McDonald's common stock and is settled in cash after the director retires or otherwise leaves the Board. Following this transaction, the director holds 23,286.12 phantom stock units, which include amounts accumulated through dividend reinvestment.
McDonald's Corporation director reports deferred compensation in phantom stock. A McDonald's Corporation director filed a Form 4 showing an acquisition of 789.35 phantom stock units on 12/31/2025 under the Board of Directors' Deferred Compensation Plan. Each phantom stock unit is economically equivalent to one share of McDonald's common stock but will be settled in cash rather than stock. The acquisition is classified as deferred compensation in a transaction exempt under Rule 16b-3(d)(1). Following this transaction, the director holds 15,590.83 phantom stock units directly, a balance that also includes units accumulated through dividend reinvestment. Payment of these phantom stock units will occur after the director retires or otherwise leaves the Board.
McDonald's Corporation director reports additional deferred phantom stock compensation. On 12/31/2025, a company director acquired 768.9 phantom stock units under the Board of Directors' Deferred Compensation Plan. Each phantom stock unit is the economic equivalent of one share of McDonald's common stock and will be settled in cash rather than actual shares. Following this transaction, the director beneficially owned 3,696.03 phantom stock units. The filing notes that the acquisition represents deferred compensation, is exempt under Rule 16b-3(d)(1), and that payment will occur after the director retires from, or otherwise leaves, the Board. The total also reflects units accumulated through dividend reinvestment.
McDonald's Corporation director reported receiving phantom stock as deferred compensation. On 12/31/2025, the director acquired 768.9 phantom stock units under the Board of Directors' Deferred Compensation Plan in a transaction exempt under Rule 16b-3(d)(1).
Each phantom stock unit is the economic equivalent of one share of McDonald's common stock and will be settled in cash after the director retires or otherwise leaves the Board. Following this transaction, the director beneficially owns 2,699.32 phantom stock units, including amounts accumulated through dividend reinvestment.
McDonald's Corporation director reports deferred phantom stock award
A McDonald's Corporation director reported acquiring 768.9 units of phantom stock on 12/31/2025 under the Board of Directors' Deferred Compensation Plan. Each phantom stock unit is the economic equivalent of one share of McDonald's common stock but will be settled in cash rather than actual shares. The transaction price is listed as $305.63 per phantom stock unit, and the award represents deferred compensation that will be paid after the director retires or otherwise leaves the Board.
Following this award and prior dividend reinvestment, the director now beneficially holds 1,773.85 phantom stock units on a direct basis and 89 shares of common stock indirectly through a trust.
McDonald's Corporation director reported acquiring 670.75 units of phantom stock on 12/31/2025 at a price of $305.63 per unit as deferred compensation. Each phantom stock unit is the economic equivalent of one share of McDonald's common stock and will be settled in cash under the Board of Directors' Deferred Compensation Plan. Following this transaction, the director beneficially owns 6,227.53 phantom stock units, which include amounts accumulated through dividend reinvestment. The acquisition is described as exempt under Rule 16b-3(d)(1).
McDonald's Corporation director reported routine insider transactions involving both common stock and deferred compensation. The filing shows a disposition of 145 shares of common stock and an acquisition of 670.75 units of phantom stock on 12/31/2025. Each phantom stock unit is the economic equivalent of one share of McDonald's common stock and is settled in cash under the Board of Directors' Deferred Compensation Plan.
The 670.75 phantom stock units were acquired as deferred compensation in a transaction exempt under Rule 16b-3(d)(1), bringing the director’s total phantom stock holdings to 2,300.24 units. Payment of these phantom stock units will occur after the director retires from, or otherwise leaves, the Board, and the total includes units accumulated through dividend reinvestment.
McDonald's Corporation director reports additional deferred compensation tied to company stock. On 12/31/2025, the director acquired 670.75 phantom stock units under the Board of Directors' Deferred Compensation Plan. Each phantom stock unit is the economic equivalent of one share of McDonald's common stock and will be settled in cash following the director's retirement or other departure from the Board. After this transaction, the director beneficially owned 10,934.21 phantom stock units on a direct basis and 2,130 shares of common stock held indirectly through an LLC. The filing notes that a portion of the phantom stock balance includes shares accumulated through dividend reinvestment.
McDonald's Corporation reported that its executive vice president and chief legal officer sold 2,486 shares of common stock on December 16, 2025 at a price of $320 per share.
Following this transaction, the officer beneficially owns 6,268.01 shares of McDonald's common stock directly. The officer also holds 1,727.49 phantom stock units indirectly through a non-qualified benefit plan. Each phantom stock unit represents the right to receive the cash value of one share of McDonald's common stock, payable in cash after separation from the company and including shares acquired through dividend reinvestment.
McDonald's Corporation reported an insider transaction by an officer serving as EVP - Global CMO. On 12/12/2025, this officer disposed of 658 shares of McDonald's common stock at a price of $315 per share, using transaction code "S". After this transaction, the officer directly beneficially owns 6,199.56 shares of McDonald's common stock.
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.
McDonald's Corporation (MCD) reported insider holdings for its EVP, Chief Legal Officer on a Form 4 dated 11/24/2025. The executive is identified as an officer and files individually as one reporting person.
The filing shows beneficial ownership of 8,754.01 shares of McDonald's common stock held directly after the reported transactions. It also reports derivative holdings in the form of phantom stock units held indirectly through a non-qualified benefit plan.
The derivative table lists 1,639.88 phantom stock units referencing an equal number of underlying common shares and a total of 1,728.07 derivative securities beneficially owned indirectly. Each share of phantom stock represents a right to receive the cash value of one share of McDonald's common stock, payable in cash after the executive separates from service with the company.
McDonald's Corporation executive vice president and chief financial officer reported an option exercise and share sale in a Form 4. On 11/21/2025, the officer exercised options to buy 17,134 shares of common stock at an exercise price of $116.73 per share, acquiring the same number of shares. That same day, the officer sold 17,134 shares of common stock at a price of $310 per share.
Following these transactions, the officer directly beneficially owned 26,353.15 shares of McDonald’s common stock. The options exercised were originally granted on February 11, 2016 and became exercisable in 25% increments on each of the first four anniversaries of the grant date. The report notes that beneficial ownership totals include shares acquired through dividend reinvestment.
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.
McDonald's Corporation (MCD) reported an insider stock sale by a company officer who serves as President, McDonald's USA. On 11/14/2025, the officer sold 3,195 shares of common stock at a price of $305.82 per share. After this transaction, the officer beneficially owns 6,088.12 shares of McDonald's common stock, held directly. The filing is made on Form 4 by a single reporting person and does not report any derivative securities transactions.
McDonald’s (MCD) insider activity: An officer (EVP – President, IOM) exercised stock options and sold shares on 11/05/2025. The officer exercised 9,581 options at $253.39 and 3,553 options at $266.20, then sold 13,134 common shares at a weighted average price of $300.42, with individual trades ranging from $300.00 to $301.67. Following these transactions, the officer beneficially owned 4,606.1 common shares directly. Related options vest in 25% increments on the first through fourth anniversaries of grant.
McDonald’s Corporation (MCD) reported insider ownership changes by its EVP–Global Chief Information Officer via a Form 4. Transactions on 05/07/2024, 10/08/2024, and 10/14/2025 were recorded under transaction code G at $0, reflecting transfers of common stock between direct ownership and a revocable trust established for the benefit of the reporting person’s spouse.
Reported share movements were 2,669, 2,396, and 3,724 shares, respectively. Following the most recent transaction on 10/14/2025, 8,789 shares are shown as indirectly owned by the trust. The filing notes that totals include shares acquired through dividend reinvestment and that the updated amounts reflect a correction to prior reports to include transactions inadvertently omitted.
Jennifer L. Taubert, a director of McDonald's Corporation (MCD), acquired 98.72 phantom stock units on 09/30/2025 under the Board of Directors Deferred Compensation Plan. Each phantom stock unit is the economic equivalent of one share of McDonald's common stock and will be settled in cash under the Plan, with payment occurring after the director's retirement or other termination from the Board. The acquisition was made in a transaction exempt under Rule 16b-3(d)(1) and the reported amount represents deferred compensation. The filing reports 2,910.15 shares beneficially owned following the transaction, which includes shares acquired through dividend reinvestment.
Reporting person: Amy E. Weaver, a director of McDonald's Corporation (MCD). On 09/30/2025 she acquired 98.72 units of phantom stock under the Board of Directors Deferred Compensation Plan. Each unit is the economic equivalent of one share of McDonald's common stock and will be settled in cash pursuant to the Plan, with payment occurring following the director's retirement or other termination from the Board. The acquisition is reported as exempt under Rule 16b-3(d)(1) and represents deferred compensation; the reported per-unit price is $303.89. Following the transaction, Ms. Weaver is shown as directly beneficially owning 1,919.21 shares (including shares acquired through dividend reinvestment).