1 unchanged sentence
Rule 10b5-1 Trading Plans
−Removed: In accordance with the disclosure requirement set forth in Item 408(a) of Regulation S-K, the following table discloses the officers (as defined in Rule 16a-1(f) under the Exchange Act) and directors who adopted a contract, instruction or written plan for the sale of the Company’s securities intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) during the quarter ended September 30, 2025.
−Removed: These trading plans were respectively terminated and adopted during an open trading window.
−Removed: Name / Title Type of Plan Adoption Date End Date Termination Date Aggregate Number of Securities to be Sold Plan Description
−Removed: Joseph Erlinger / President, McDonald's USA Rule 10b5-1 trading plan August 28, 2024 December 23, 2025 August 7, 2025 16,484 Termination of Rule 10b5-1 trading plan [1]
−Removed: Joseph Erlinger / President, McDonald's USA Rule 10b5-1 trading plan August 7, 2025 December 23, 2026 N/A 45,083 [2]
−Removed: Sale of shares [1]
−Removed: [1] On August 7, 2025, Joseph Erlinger, President, McDonald’s USA, terminated a Rule 10b5-1 trading plan that was adopted on August 28, 2024, and provided for the sale of up to 16,484 shares of McDonald’s stock until December 23, 2025.
−Removed: Following the termination of the previous Rule 10b5-1 trading plan, on August 7, 2025, Mr.
−Removed: Erlinger entered into a new Rule 10b5-1 trading plan, which provides for the potential sale of up 45,083 shares of McDonald’s stock until December 23, 2026 (with the first trade under the new trading plan scheduled for January 12, 2026).
−Removed: [2] Represents the maximum number of shares that are eligible to vest pursuant to Mr.
−Removed: Erlinger’s 2023 performance-based restricted stock unit award.
−Removed: The actual number of shares that will vest and be sold pursuant to the trading plan will depend upon the Company’s performance against the applicable performance targets.
+Added: In accordance with the disclosure requirement set forth in Item 408(a) of Regulation S-K, the following table discloses the officers (as defined in Rule 16a-1(f) under the Exchange Act) and directors who adopted a contract, instruction or written plan for the sale of the Company’s securities intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) during the quarter ended March 31, 2026.
+Added: These trading plans were adopted during an open trading window.
+Added: Name / Title Type of Plan Adoption Date End Date Aggregate Number of Securities to be Sold Plan Description
+Added: Ian Borden / EVP – Global Chief Financial Officer Rule 10b5-1 trading plan February 19, 2026 March 7, 2027 27,028 Exercise and sale of stock options
+Added: Manu Steijart / EVP – President, International Operated Markets Rule 10b5-1 trading plan February 20, 2026 June 30, 2026 10,253 Exercise and sale of stock options
+Added: Desiree Ralls-Morrison / EVP – Global Chief Legal Officer Rule 10b5-1 trading plan February 26, 2026 December 31, 2026 19,655 Sale of shares, and exercise and sale of stock options
Other than as disclosed above, no officer or director adopted, modified, or terminated a contract, instruction or written plan for the purchase or sale of the Company’s securities intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) or a non-Rule 10b5-1 trading arrangement.
14 unchanged sentences
McDONALD’S CORPORATION
−Removed: November 5, 2025 Ian F.
+Added: May 7, 2026 Ian F.
Executive Vice President and Global Chief Financial Officer
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.