SEC Form 4
McDonald's Corporation (MCD) insider trading
In the 12 months to Oct 24, 2026, 8 MCD insiders reported open-market sales of $40.5M across 20 filings; no open-market purchases were filed.
Latest filing · Last 12 months · Source: SEC EDGAR · How we count
- Open-market sales
- $40.5M
- 20 filings · 8 insiders
- Open-market purchases
- $0
- 0 filings
- Pre-arranged sales (10b5-1)
- 18 of 20
- $37.5M of $40.5M sold (92%)
Who traded MCD, and when
- Sale
- Sale, pre-arranged (10b5-1)
MCD daily close from Oct 24, 2025 to Oct 23, 2026, between $230.88 and $341.06, last $248.46. 20 sale and 0 purchase filings by 8 insiders, marked at their filing dates. Christopher J. Kempczinski, Chairman and CEO: sold $17.5M across 1 filing, first filed Feb 17, 2026, last Feb 17, 2026. Joseph M. Erlinger, President, McDonald's USA: sold $6.2M across 10 filings, first filed Nov 18, 2025, last Jun 10, 2026. Manuel JM Steijaert, EVP - President, IOM: sold $6.0M across 2 filings, first filed Nov 7, 2025, last Dec 2, 2025. Ian Frederick Borden, EVP - CFO: sold $5.3M across 1 filing, first filed Nov 21, 2025, last Nov 21, 2025. Jonathan Banner, EVP - Chief Impact Officer: sold $2.1M across 1 filing, first filed Feb 25, 2026, last Feb 25, 2026. Edith Morgan Flatley, EVP - Global CMO: sold $1.8M across 2 filings, first filed Dec 15, 2025, last Feb 17, 2026. 2 others: sold $1.8M across 3 filings, first filed Dec 18, 2025, last Jun 1, 2026.
Largest mark · tap a row for others
Christopher J. Kempczinski · Chairman and CEO
Sale $17,470,981
52,553 shares at $332.44 avg
Filed Feb 17, 2026 · traded Feb 12
Pre-arranged (10b5-1) · close on filing date $327.62
Christopher J. Kempczinski · Chairman and CEO
Chairman and CEO
$17.5M soldJoseph M. Erlinger · President, McDonald's USA
President, McDonald's USA
$6.2M soldManuel JM Steijaert · EVP - President, IOM
EVP - President, IOM
$6.0M soldIan Frederick Borden · EVP - CFO
EVP - CFO
$5.3M soldJonathan Banner · EVP - Chief Impact Officer
EVP - Chief Impact Officer
$2.1M soldEdith Morgan Flatley · EVP - Global CMO
EVP - Global CMO
$1.8M sold2 others
Combined, one mark per week
$1.8M soldHas the McDonald's Corporation's CEO sold stock?
Yes. Christopher J. Kempczinski (CEO) sold 52,553 shares ($17.5M) in Feb 2026, all under a pre-arranged 10b5-1 plan.
Open-market trades
20 filings in the last 12 months| Insider | Role | Sold | Bought | Filings | Pre-arranged (10b5-1) | Last filed |
|---|---|---|---|---|---|---|
| Christopher J. Kempczinski | Chairman and CEO | $17.5M | — | 1 | 100% of sales | |
| Joseph M. Erlinger | President, McDonald's USA | $6.2M | — | 10 | 84% of sales | |
| Manuel JM Steijaert | EVP - President, IOM | $6.0M | — | 2 | 100% of sales | |
| Ian Frederick Borden | EVP - CFO | $5.3M | — | 1 | 100% of sales | |
| Jonathan Banner | EVP - Chief Impact Officer | $2.1M | — | 1 | — | |
| Edith Morgan Flatley | EVP - Global CMO | $1.8M | — | 2 | 100% of sales | |
| Desiree Ralls-Morrison | EVP, Chief Legal Officer | $1.6M | — | 2 | 100% of sales | |
| Dario Baroni | President, IDL | $194.3K | — | 1 | 100% of sales |
| Filed | Insider | Type | Shares | Avg price | Value | Held after | Source |
|---|---|---|---|---|---|---|---|
traded | Joseph M. Erlinger President, McDonald's USA | SalePre-arranged (10b5-1) | 5,252 | $284.32 | $1.5M | 7,734 | |
traded | Desiree Ralls-Morrison EVP, Chief Legal Officer | SalePre-arranged (10b5-1) | 2,763 | $278.36 | $769.1K | 6,268 | |
traded | Joseph M. Erlinger President, McDonald's USA | SalePre-arranged (10b5-1) | 333 | $280.11 | $93.3K | 7,734 | |
traded | Joseph M. Erlinger President, McDonald's USA | SalePre-arranged (10b5-1) | 333 | $302.72 | $100.8K | 8,067 | |
traded | Joseph M. Erlinger President, McDonald's USA | SalePre-arranged (10b5-1) | 2,626 | $307.00 | $806.2K | 8,400 | |
traded | Joseph M. Erlinger President, McDonald's USA | SalePre-arranged (10b5-1) | 333 | $313.47 | $104.4K | 8,400 | |
traded | Dario Baroni President, IDL | SalePre-arranged (10b5-1) | 600 | $323.77 | $194.3K | 1,063 | |
traded | Joseph M. Erlinger President, McDonald's USA | SalePre-arranged (10b5-1) | 2,626 | $328.34 | $862.2K | 8,733 | |
traded | Joseph M. Erlinger President, McDonald's USA | SalePre-arranged (10b5-1) | 333 | $330.43 | $110.0K | 8,733 | |
traded | Jonathan Banner EVP - Chief Impact Officer | Sale | 6,201 | $333.29 | $2.1M | 2,291 | |
traded | Christopher J. Kempczinski Chairman and CEO | SalePre-arranged (10b5-1) | 52,553 | $332.44 | $17.5M | 22,900 | |
traded | Edith Morgan Flatley EVP - Global CMO | SalePre-arranged (10b5-1) | 4,692 | $331.00 | $1.6M | 6,200 | |
traded | Joseph M. Erlinger President, McDonald's USA | SalePre-arranged (10b5-1) | 2,626 | $325.25 | $854.1K | 5,398 | |
traded | Joseph M. Erlinger President, McDonald's USA | SalePre-arranged (10b5-1) | 2,626 | $306.58 | $805.1K | 5,398 | |
traded | Desiree Ralls-Morrison EVP, Chief Legal Officer | SalePre-arranged (10b5-1) | 2,486 | $320.00 | $795.5K | 6,268 | |
traded | Edith Morgan Flatley EVP - Global CMO | SalePre-arranged (10b5-1) | 658 | $315.00 | $207.3K | 6,200 | |
traded | Manuel JM Steijaert EVP - President, IOM | SalePre-arranged (10b5-1) | 6,567 | $305.50 | $2.0M | 4,606 | |
traded | Ian Frederick Borden EVP - CFO | SalePre-arranged (10b5-1) | 17,134 | $310.00 | $5.3M | 26,353 | |
traded | Joseph M. Erlinger President, McDonald's USA | Sale | 3,195 | $305.82 | $977.1K | 6,088 | |
traded | Manuel JM Steijaert EVP - President, IOM | SalePre-arranged (10b5-1) | 13,134 | $300.42 | $3.9M | 4,606 |
GET /stocks/filings/vX/form-4?tickers=MCD&filing_date.gte=2025-10-24&sort=filing_date.desc&limit=500{
"status": "OK",
"results": [
{
"tickers": [
"MCD"
],
"issuer_cik": "0000063908",
"owner_cik": "0001685800",
"accession_number": "0001685800-26-000015",
"form_type": "4",
"filing_date": "2026-06-10",
"period_of_report": "2026-06-10",
"issuer_name": "MCDONALDS CORP",
"issuer_trading_symbol": "MCD",
"owner_name": "Erlinger Joseph M.",
"is_officer": true,
"officer_title": "President, McDonald's USA",
"security_type": "non_derivative",
"record_type": "transaction",
"security_title": "Common Stock",
"transaction_timeliness": "O",
"aff_10b5_one": true,
"transaction_date": "2026-06-10",
"transaction_code": "S",
"equity_swap_involved": false,
"transaction_shares": 5252,
"transaction_price_per_share": 284.32,
"transaction_acquired_disposed": "D",
"shares_owned_following_transaction": 7733.89,
"transaction_value": 1493248.64,
"direct_or_indirect": "D"
},
{
"tickers": [
"MCD"
],
"issuer_cik": "0000063908",
"owner_cik": "0001723937",
"accession_number": "0001723937-26-000005",
"form_type": "4",
"filing_date": "2026-06-01",
"period_of_report": "2026-05-28",
"issuer_name": "MCDONALDS CORP",
"issuer_trading_symbol": "MCD",
"owner_name": "Ralls-Morrison Desiree",
"is_officer": true,
"officer_title": "EVP, Chief Legal Officer",
"security_type": "non_derivative",
"record_type": "transaction",
"security_title": "Common Stock",
"transaction_timeliness": "O",
"aff_10b5_one": true,
"transaction_date": "2026-05-28",
"transaction_code": "S",
"equity_swap_involved": false,
"transaction_shares": 2763,
"transaction_price_per_share": 278.36,
"transaction_acquired_disposed": "D",
"shares_owned_following_transaction": 6268.12,
"transaction_value": 769108.68,
"direct_or_indirect": "D",
"footnotes": [
{
"id": "F1",
"description": "This transaction was executed in multiple trades ranging from $277.60 to $280.19 per share. The price reported represents the weighted average sales 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."
}
]
}
]
}
// trimmed to 2 resultsThe response includes every Form 4 record; this page keeps open-market purchases and sales on common stock and removes duplicate joint-filer rows.
Other insider activity (not market trades) · 65 records
- Option exercises47 records
- Tax withholding17 records
- Gifts1 record
Reported on Form 4 but not purchases or sales in the market, so not counted in the totals above.
Build this yourself
This page joins two Massive endpoints: Form 4 filings and daily prices. Ask an agent to watch for new filings:
Using the Massive API (massive.com/docs/llms.txt), check Form 4 filings for MCD every day with transaction_code=P and tell me when an insider files an open-market purchase, with their role, shares, price and the filing link.
How to read this page
- Open-market purchase or sale
- A buy or sell of the company's stock at market price. Grants, option exercises, shares withheld for tax, gifts and employee stock plan purchases are listed separately and not counted.
- Pre-arranged (10b5-1)
- The insider marked the filing as made under a trading plan set up in advance (SEC Rule 10b5-1). The mark covers the whole filing, and an unmarked filing may still be under a plan.
- Filing date
- Insiders have two business days to report a trade. Totals and the chart use the filing date, when the trade became public.