Desiree Ralls-Morrison - 13 Feb 2026 Form 4 Insider Report for MCDONALDS CORP (MCD)

Role
EVP, Chief Legal Officer
Signature
/s/ Jeffrey J. Pochowicz, Attorney-in-fact
Issuer symbol
MCD
Transactions as of
13 Feb 2026
Net transactions value
-$453,007
Form type
4
Filing time
17 Feb 2026, 19:48:50 UTC
Previous filing
18 Dec 2025
Next filing
26 Feb 2026
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Ralls-Morrison Desiree EVP, Chief Legal Officer MCDONALD'S CORPORATION, 110 N. CARPENTER STREET, CHICAGO /s/ Jeffrey J. Pochowicz, Attorney-in-fact 17 Feb 2026 0001723937

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MCD Common Stock Options Exercise $0 +3,867 +62% $0.000000 10,135 13 Feb 2026 Direct F1, F2
transaction MCD Common Stock Options Exercise $0 +279 +2.8% $0.000000 10,414 13 Feb 2026 Direct F3
transaction MCD Common Stock Tax liability $453,007 -1,383 -13% $327.58 9,031 13 Feb 2026 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction MCD Restricted Stock Units Options Exercise $0 -3,867 -100% $0.000000 0 13 Feb 2026 Common Stock 3,867 Direct F1, F2
transaction MCD Dividend Equivalent Rights Options Exercise $0 -279 -100% $0.000000 0 13 Feb 2026 Common Stock 279 Direct F3
transaction MCD Options (Right to Buy) Award $0 +28,081 $0.000000 28,081 13 Feb 2026 Common Stock 28,081 $327.58 Direct F4
holding MCD Phantom Stock 1,737 13 Feb 2026 Common Stock 1,737 Non-Qualified Benefit Plan F5, F6, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 As a result of McDonald's Corporation's (the "Company") performance against the pre-approved financial targets for the performance period of January 1, 2023 through December 31, 2025, the reporting person vested in 82.2% of the original grant of 4,704 performance-based restricted stock units ("RSUs").
F2 Each performance-based RSU represents a right to acquire one share of the Company's common stock.
F3 Settlement of dividend equivalent rights in connection with vested RSUs. Each dividend equivalent right is the economic equivalent of one share of the Company's common stock.
F4 Options become exercisable in 25% increments on the first, second, third and fourth anniversary dates of the grant.
F5 Each share of phantom stock represents a right to receive the cash value of one share of the Company's common stock.
F6 Shares of phantom stock are payable in cash following the reporting person's separation from service with the Company.
F7 Includes shares acquired through dividend reinvestment.