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: Flatley Edith Morgan (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2026-02-12	Common Stock	M	4692	$157.79	Acquired	10891.56	Direct
2026-02-12	Common Stock	S	4692	$331	Disposed	6199.56	Direct
2026-02-13	Common Stock	M	1859	—	Acquired	8058.56	Direct
2026-02-13	Common Stock	M	135	—	Acquired	8193.56	Direct
2026-02-13	Common Stock	F	797.58	$327.58	Disposed	7395.98	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2026-02-12	Options (Right to Buy)	$157.79	M	4692	Disposed	2028-02-19	Common Stock (4692)	Direct
2026-02-13	Restricted Stock Units	$	M	1859	Disposed	2026-02-13	Common Stock (1859)	Direct
2026-02-13	Dividend Equivalent Rights	$	M	135	Disposed	2026-02-13	Common Stock (135)	Direct
2026-02-13	Options (Right to Buy)	$327.58	A	26076	Acquired	2036-02-13	Common Stock (26076)	Direct

Footnotes

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 2,262 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 were granted on February 19, 2018 and became exercisable in 25% increments on the first, second, third and fourth anniversary dates of the grant.

F5: Options become exercisable in 25% increments on the first, second, third and fourth anniversary dates of the grant.