McDonald's Insider Erlinger Reports Ownership Change

TL;DR

**McDonald's insider Erlinger filed a Form 4, signaling a change in his stock ownership.**

AI Summary

This Form 4 filing, dated March 24, 2026, indicates that Joseph M. Erlinger, an insider at McDonald's Corp. (MCD), had a change in beneficial ownership of securities on March 23, 2026. While the filing itself doesn't detail the specific transaction (buy or sell), it signals an insider's activity. This matters to investors because insider transactions can sometimes provide clues about management's confidence in the company's future performance, potentially influencing stock price.

Why It Matters

Insider transaction filings like this can signal management's confidence (or lack thereof) in the company's future, which can influence investor sentiment and stock price.

Risk Assessment

Risk Level: low — This filing is purely administrative, reporting a change in ownership, and does not inherently carry significant risk without details of the transaction.

Analyst Insight

A smart investor would monitor subsequent filings or news for details on the nature of Erlinger's transaction (buy or sell) to gauge insider sentiment, as this filing only indicates a change occurred, not its specifics.

Key Players & Entities

• Erlinger Joseph M. (person) — Reporting person, insider at McDonald's Corp.
• MCDONALDS CORP (company) — Issuer of the securities
• 0001685800 (person) — CIK for Erlinger Joseph M.
• 0000063908 (company) — CIK for MCDONALDS CORP
• 2026-03-23 (date) — Period of Report
• 2026-03-24 (date) — Filing Date and Accepted Date

Forward-Looking Statements

• The next Form 4 filing for Joseph M. Erlinger will detail the specific transaction (buy/sell) that occurred on March 23, 2026. (Erlinger Joseph M.) — medium confidence, target: 2026-04-23

FAQ

Filing Documents

• form4.html (4)
• form4.xml (4) — 3KB
• 0001685800-26-000007.txt ( ) — 4KB

From the Filing

SEC FORM 4 SEC Form 4 FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 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). X 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 * Erlinger Joseph M. (Last) (First) (Middle) MCDONALD'S CORPORATION 110 NORTH CARPENTER STREET (Street) CHICAGO ILLINOIS 60607 (City) (State) (Zip) UNITED STATES (Country) 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) President, McDonald's USA 2a. Foreign Trading Symbol 3. Date of Earliest Transaction (Month/Day/Year) 03/23/2026 6. Individual or Joint/Group Filing (Check Applicable Line) X Form filed by One Reporting Person Form filed by More than One Reporting Person 4. If Amendment, Date of Original Filed (Month/Day/Year) 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) Code V Amount (A) or (D) Price Common Stock 03/23/2026 S 333 D $ 313.47 8,399.89 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) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares Explanation of Responses: /s/ Jeffrey J. Pochowicz, Attorney-in-fact 03/24/2026 ** 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. * Form 4: SEC 1474 (03-26)

View Full Filing

View this 4 filing on SEC EDGAR