Insider trade

Officer reported a non-open-market transaction in MCD

Traded Feb 20, 2026 · Filed Feb 26, 2026

McDonald'sMCD

1,518.69
Derivative units · @ $329.23

Why it stands out

Not classified as an open-market trade.

Written from the filing's own figures. OQRO describes what was reported and never tells you what to buy or sell

View the official recordSEC Form 4 — Statement of Changes in Beneficial Ownership

All the details

Dates, kept separate

Transaction date: Feb 20, 2026
Reporting period: Not applicable
Filed with the SEC: Feb 26, 2026

OfficerIndirect holdingOther

Context

Classification

other

Code I — not an open-market trade

Planned / mechanical clue

None found in footnotes

Only flagged when a footnote says so; never inferred

Source receipt

Record ID: 0001723937-26-000002

Filed / recorded

Feb 26, 2026, 9:38 PM UTC

Added to OQRO

Oct 2, 2026, 3:52 AM UTC

Parser

form4-xml-v1

Data quality

Verified: identifiers matched exactly

Issuer

MCDONALDS CORP

Issuer CIK

63908

Ticker

MCD

Reporting person

Desiree Ralls-morrison

Relationship

Officer

Officer title

EVP, Chief Legal Officer

Security

Phantom Stock

Table

Derivative (Table II)

Transaction date

Feb 20, 2026

Transaction code

I

Shares / units

1,518.69

Price per share

$329.23

Acquired / disposed

Acquired (A)

Shares owned after

3,254.67

Ownership form

Indirect — Non-Qualified Benefit Plan

Amendment

No

Footnotes from the filing

Each share of phantom stock represents a right to receive the cash value of one share of the Company's common stock.
Shares of phantom stock are payable in cash following the reporting person's separation from service with the Company.

Around the same time

Officer sold7mo ago

~$104KReported value · 333 sh @ $313.47

8,732.89 → 8,399.89 shares held−4% of their stake

McDonald's's President, McDonald's USA sold $104K of McDonald's shares. Nobody planned it ahead of time.

Why it stands out Official record

Officer sold7mo ago

~$194KReported value · 600 sh @ $323.77

1,663.07 → 1,063.07 shares held−36% of their stake

McDonald's's President, IDL sold $194K of McDonald's shares. Nobody planned it ahead of time.

Why it stands out Official record

7mo ago

2,626Shares · @ $157.79

Derivative exercise or conversion — not an open-market buy.

Why it stands out Official record

Why it stands out

Dates, kept separate

Context

Source receipt

Footnotes from the filing

Around the same time

~$104KReported value · 333 sh @ $313.47

~$194KReported value · 600 sh @ $323.77

2,626Shares · @ $157.79

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