MCDONALDS CORP — Director's Dealing 2026

Feb 17, 2026

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MCDONALDS CORP (MCD)
CIK: 0000063908
Period of Report: 2026-02-12

Reporting Person: Kempczinski Christopher J (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2026-02-12	Common Stock	M	26277	$128.09	Acquired	49177.14	Direct
2026-02-12	Common Stock	S	26277	$331.35	Disposed	22900.14	Direct
2026-02-13	Common Stock	M	26276	$128.09	Acquired	49176.14	Direct
2026-02-13	Common Stock	S	26276	$333.54	Disposed	22900.14	Direct
2026-02-13	Common Stock	M	19333	—	Acquired	42233.14	Direct
2026-02-13	Common Stock	M	1395	—	Acquired	43628.14	Direct
2026-02-13	Common Stock	F	9182.5	$327.58	Disposed	34445.64	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2026-02-12	Options (Right to Buy)	$128.09	M	26277	Disposed	2027-03-08	Common Stock (26277)	Direct
2026-02-13	Options (Right to Buy)	$128.09	M	26276	Disposed	2027-03-08	Common Stock (26276)	Direct
2026-02-13	Restricted Stock Units	$	M	19333	Disposed	2026-02-13	Common Stock (19333)	Direct
2026-02-13	Dividend Equivalent Rights	$	M	1395	Disposed	2026-02-13	Common Stock (1395)	Direct
2026-02-13	Options (Right to Buy)	$327.58	A	144416	Acquired	2036-02-13	Common Stock (144416)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	31842	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Phantom Stock	$		Common Stock (4986.96)	4986.96	Indirect

Footnotes

F1: This transaction was executed in multiple trades ranging from $330.00 to $332.29 per share. The price reported represents the weighted average sale 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.

F2: This transaction was executed in multiple trades ranging from $332.50 to $335.22 per share. The price reported represents the weighted average sale 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.

F3: 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 23,519 performance-based restricted stock units ("RSUs").

F4: Each performance-based RSU represents a right to acquire one share of the Company's common stock.

F5: 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.

F6: Options were granted on March 8, 2017 and became exercisable in 25% increments on the first, second, third and fourth anniversary of the grant.

F7: Options become exercisable in 25% increments on the first, second, third and fourth anniversary dates of the grant.

F8: Each share of phantom stock represents a right to receive the cash value of one share of the Company's common stock.

F9: Shares of phantom stock are payable in cash following the reporting person's separation from service with the Company.

F10: Includes shares acquired through dividend reinvestment.