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: 2026-02-13

Reporting Person: Erlinger Joseph M. (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2026-02-13	Common Stock	M	5577	—	Acquired	10975.12	Direct
2026-02-13	Common Stock	M	403	—	Acquired	11378.12	Direct
2026-02-13	Common Stock	F	2312.23	$327.58	Disposed	9065.89	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2026-02-13	Restricted Stock Units	$	M	5577	Disposed	2026-02-13	Common Stock (5577)	Direct
2026-02-13	Dividend Equilavent Rights	$	M	403	Disposed	2026-02-13	Common Stock (403)	Direct
2026-02-13	Options (Right to Buy)	$327.58	A	32093	Acquired	2036-02-13	Common Stock (32093)	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 6,785 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.