Form 4: Steijaert Manuel JM reports multiple insider transactions in MCD

Filing Impact

(Very High)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Steijaert Manuel JM reported multiple insider transaction types in a Form 4 filing for MCD. The filing lists transactions totaling 36,738 shares at a weighted average price of $327.58 per share. Following the reported transactions, holdings were 28,081 shares.

Insider Trade Summary

3,509 shares exercised/converted

Mixed 6 txns

Insider Steijaert Manuel JM

Role EVP - President, IOM

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	3,272	$0.00	--
Exercise	Dividend Equivalent Rights	237	$0.00	--
Grant/Award	Options (Right to Buy)	28,081	$0.00	--
Exercise	Common Stock	3,272	$0.00	--
Exercise	Common Stock	237	$0.00	--
Tax Withholding	Common Stock	1,639.32	$327.58	$537K

Holdings After Transaction: Restricted Stock Units — 0 shares (Direct); Dividend Equivalent Rights — 0 shares (Direct); Options (Right to Buy) — 28,081 shares (Direct); Common Stock — 7,878.1 shares (Direct)

Footnotes (1)

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 3,981 performance-based restricted stock units ("RSUs"). Each performance-based RSU represents a right to acquire one share of the Company's common stock. 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. Options become exercisable in 25% increments on the first, second, third and fourth anniversary dates of the grant.

Form 4 Insider Transactions: What Each Field Means →

02/17/2026 - 07:49 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Steijaert Manuel JM

(Last)

(First)

(Middle)

MCDONALD'S CORPORATION

110 NORTH CARPENTER STREET

(Street)

CHICAGO

60607

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
MCDONALDS CORP [ MCD ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	EVP - President, IOM

3. Date of Earliest Transaction (Month/Day/Year)
02/13/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	02/13/2026		M		3,272⁽¹⁾	A	$0⁽²⁾	7,878.1	D
Common Stock	02/13/2026		M		237⁽³⁾	A	$0	8,115.1	D
Common Stock	02/13/2026		F		1,639.32	D	$327.58	6,475.78	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units	⁽²⁾	02/13/2026		M			3,272⁽¹⁾	02/13/2026	02/13/2026	Common Stock	3,272⁽¹⁾	$0	0	D
Dividend Equivalent Rights	⁽³⁾	02/13/2026		M			237⁽³⁾	02/13/2026	02/13/2026	Common Stock	237⁽³⁾	$0	0	D
Options (Right to Buy)	$327.58	02/13/2026		A		28,081		⁽⁴⁾	02/13/2036	Common Stock	28,081	$0	28,081	D

Explanation of Responses:

1. 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 3,981 performance-based restricted stock units ("RSUs").

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

3. 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.

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

	/s/ Jeffrey J. Pochowicz, Attorney-in-fact	02/17/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did McDonald's (MCD) executive Manuel Steijaert report?

Manuel Steijaert reported equity award activity, including exercising 3,272 performance-based RSUs and 237 dividend equivalent rights into McDonald’s common stock, receiving 28,081 stock options, and a tax-withholding disposition of 1,639.32 common shares, all dated February 13, 2026.

How many McDonald's (MCD) stock options were granted to Manuel Steijaert?

Manuel Steijaert was granted 28,081 options to buy McDonald’s common stock. These options are derivative securities with a right to purchase shares and become exercisable in 25% increments on the first, second, third, and fourth anniversaries of the February 13, 2026 grant date.

What performance-based RSUs vested for McDonald's (MCD) executive Manuel Steijaert?

Steijaert vested in 82.2% of an original grant of 3,981 performance-based RSUs, equating to 3,272 units. Vesting was based on McDonald’s performance against pre-approved financial targets for the period from January 1, 2023 through December 31, 2025, each RSU representing one common share.

What are the dividend equivalent rights mentioned in the McDonald's (MCD) Form 4?

Dividend equivalent rights were settled in connection with vested RSUs, covering 237 units. Each dividend equivalent right is the economic equivalent of one share of McDonald’s common stock, effectively mirroring dividends that would have been earned on underlying RSUs before settlement into shares.

Did Manuel Steijaert sell McDonald's (MCD) shares in the open market?

The filing shows a disposition of 1,639.32 common shares coded as “F,” meaning shares were delivered to satisfy tax liabilities related to equity awards. This tax-withholding disposition at $327.58 per share is different from an open-market sale initiated for investment purposes.

How many McDonald's (MCD) common shares does Manuel Steijaert hold after these transactions?

After the reported February 13, 2026 transactions, Manuel Steijaert directly holds 6,475.78 shares of McDonald’s common stock. This figure reflects RSU and dividend equivalent conversions into shares, the equity option grant, and shares disposed of to cover associated tax obligations.