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

Reporting relationship: EVP, Chief Legal Officer
Issuer ticker: MCD
Reported as of: 13 Feb 2026
Net transaction value: -$453,007
SEC form: 4
Accepted by SEC: 17 Feb 2026, 19:48:50 UTC
Prior SEC filing: 18 Dec 2025
Next SEC filing: 26 Feb 2026
Source filing: View source filing
Reporting owner signature: /s/ Jeffrey J. Pochowicz, Attorney-in-fact

Key filing fact

Desiree Ralls-Morrison filed Form 4 for MCDONALDS CORP (MCD) on 17 Feb 2026.

Key facts

This page summarizes Desiree Ralls-Morrison's Form 4 filing for MCDONALDS CORP (MCD).
6 reported transactions and 4 derivative rows are listed below.
Accepted by SEC: 17 Feb 2026, 19:48.

Change

Previous filing in this sequence was filed on 18 Dec 2025.
Current net transaction value: -$453,007.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0001723937 Primary reporting owner

Ralls-Morrison Desiree

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

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

MCD transaction

Common Stock

Options Exercise

Transaction value: $0
Shares: +3,867
Change %: +62%
Price: $0.000000
Shares after: 10,135
Date: 13 Feb 2026
Ownership: Direct
Footnotes: F1, F2

MCD transaction

Common Stock

Options Exercise

Transaction value: $0
Shares: +279
Change %: +2.8%
Price: $0.000000
Shares after: 10,414
Date: 13 Feb 2026
Ownership: Direct
Footnotes: F3

MCD transaction

Common Stock

Tax liability

Transaction value: $453,007
Shares: -1,383
Change %: -13%
Price: $327.58
Shares after: 9,031
Date: 13 Feb 2026
Ownership: Direct

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

MCD transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -3,867
Change %: -100%
Price: $0.000000
Shares after: 0
Date: 13 Feb 2026
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 3,867
Exercise price
Footnotes: F1, F2

MCD transaction Derivative

Dividend Equivalent Rights

Options Exercise

Transaction value: $0
Shares: -279
Change %: -100%
Price: $0.000000
Shares after: 0
Date: 13 Feb 2026
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 279
Exercise price
Footnotes: F3

MCD transaction Derivative

Options (Right to Buy)

Award

Transaction value: $0
Shares: +28,081
Change %
Price: $0.000000
Shares after: 28,081
Date: 13 Feb 2026
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 28,081
Exercise price: $327.58
Footnotes: F4

MCD holding Derivative

Phantom Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 1,737
Date: 13 Feb 2026
Ownership: Non-Qualified Benefit Plan
Underlying class: Common Stock
Underlying amount: 1,737
Exercise price
Footnotes: F5, F6, F7

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 7 footnotes

Footnote 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").

Footnote F2

Each performance-based RSU represents a right to acquire one share of the Company's common stock.

Footnote 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.

Footnote F4

Options become exercisable in 25% increments on the first, second, third and fourth anniversary dates of the grant.

Footnote F5

Each share of phantom stock represents a right to receive the cash value of one share of the Company's common stock.

Footnote F6

Shares of phantom stock are payable in cash following the reporting person's separation from service with the Company.

Footnote F7

Includes shares acquired through dividend reinvestment.