McDonald's Corporation (MCD) Insider Trading

Last 12 months

Insiders sold $40.5M and bought nothing on the open market.

92% of the selling was scheduled in advance under 10b5-1 plans. EVP - Chief Impact Officer Jonathan Banner sold $2.07M on Feb 23, 73% of their stake, outside a plan. The last open-market buy by an executive or director was in Apr 2023.

Net open-market

−$40.5M

0 buys · 20 sales

Under a 10b5-1 plan

92%

of the value sold

Insiders who bought / sold

0 / 8

executives and directors

Last open-market buy

Apr 2023

Apr 3, 2023

Get an email when MCD's executives or directors buy, or make a large sale outside a plan.

Trades · last 2 years

Date	Insider	Trade	Shares	Price	Value	Of their stake	Filing
Jun 10	Joseph M. Erlinger President, McDonald's USA	Sold10b5-1 plan	5,252	$284.32	$1.49M	40%	Form 4
May 28	Desiree Ralls-Morrison EVP, Chief Legal Officer	Sold10b5-1 plan	2,763	$278.36	$769k	31%	Form 4
May 26	Joseph M. Erlinger President, McDonald's USA	Sold10b5-1 plan	333	$280.11	$93k	4.1%	Form 4
Apr 23	Joseph M. Erlinger President, McDonald's USA	Sold10b5-1 plan	333	$302.72	$101k	4.0%	Form 4
Apr 10	Joseph M. Erlinger President, McDonald's USA	Sold10b5-1 plan	2,626	$307.00	$806k	24%	Form 4
Mar 23	Joseph M. Erlinger President, McDonald's USA	Sold10b5-1 plan	333	$313.47	$104k	3.8%	Form 4
Mar 18	Dario Baroni President, IDL	Sold10b5-1 plan	600	$323.77	$194k	36%	Form 4
Mar 10	Joseph M. Erlinger President, McDonald's USA	Sold10b5-1 plan	2,626	$328.34	$862k	23%	Form 4
Feb 23	Jonathan Banner EVP - Chief Impact Officer	SoldNo plan 2 parts	6,201	$333.29 average	$2.07M	73%	Form 4
Feb 23	Joseph M. Erlinger President, McDonald's USA	Sold10b5-1 plan	333	$330.43	$110k	3.7%	Form 4
Feb 12 – 13	Christopher J Kempczinski Chairman and CEO	Sold10b5-1 plan 2 parts	52,553	$332.44 average	$17.5M	44%	Form 4
Feb 12	Edith Morgan Flatley EVP - Global CMO	Sold10b5-1 plan	4,692	$331.00	$1.55M	39%	Form 4
Feb 10	Joseph M. Erlinger President, McDonald's USA	Sold10b5-1 plan	2,626	$325.25	$854k	33%	Form 4
Jan 12	Joseph M. Erlinger President, McDonald's USA	Sold10b5-1 plan	2,626	$306.58	$805k	33%	Form 4
Dec 16, 2025	Desiree Ralls-Morrison EVP, Chief Legal Officer	Sold10b5-1 plan	2,486	$320.00	$796k	28%	Form 4
Dec 12, 2025	Edith Morgan Flatley EVP - Global CMO	Sold10b5-1 plan	658	$315.00	$207k	9.6%	Form 4
Dec 1, 2025	Manuel Jm Steijaert EVP - President, IOM	Sold10b5-1 plan	6,567	$305.50	$2.01M	59%	Form 4
Nov 21, 2025	Ian Frederick Borden EVP - CFO	Sold10b5-1 plan	17,134	$310.00	$5.31M	39%	Form 4
Nov 14, 2025	Joseph M. Erlinger President, McDonald's USA	SoldNo plan	3,195	$305.82	$977k	34%	Form 4
Nov 5, 2025	Manuel Jm Steijaert EVP - President, IOM	Sold10b5-1 plan	13,134	$300.42	$3.95M	74%	Form 4
Sep 2, 2025	Edith Morgan Flatley EVP - Global CMO	Sold10b5-1 plan	1,000	$315.00	$315k	13%	Form 4
Aug 20, 2025	Edith Morgan Flatley EVP - Global CMO	Sold10b5-1 plan 2 parts	4,716	$315.00 average	$1.49M	38%	Form 4
Aug 19, 2025	Jonathan Banner EVP - Chief Impact Officer	SoldNo plan	1,000	$310.00	$310k	91%	Form 4
Aug 6, 2025	Desiree Ralls-Morrison EVP, Chief Legal Officer	Sold10b5-1 plan	2,487	$310.00	$771k	22%	Form 4
Aug 1, 2025	Edith Morgan Flatley EVP - Global CMO	Sold10b5-1 plan	976	$303.50	$296k	11%	Form 4
Jul 23, 2025	Joseph M. Erlinger President, McDonald's USA	Sold10b5-1 plan	939	$299.49	$281k	9.2%	Form 4
Jul 10, 2025	Edith Morgan Flatley EVP - Global CMO	Sold10b5-1 plan	1,000	$300.00	$300k	10%	Form 4
Jun 23, 2025	Joseph M. Erlinger President, McDonald's USA	Sold10b5-1 plan	939	$288.52	$271k	8.4%	Form 4
May 23, 2025	Joseph M. Erlinger President, McDonald's USA	Sold10b5-1 plan	939	$315.07	$296k	7.8%	Form 4
May 20, 2025	Manuel Jm Steijaert EVP - President, IOM	SoldNo plan	6,000	$319.66	$1.92M	57%	Form 4
Apr 23, 2025	Joseph M. Erlinger President, McDonald's USA	Sold10b5-1 plan	939	$318.50	$299k	7.2%	Form 4
Mar 24, 2025	Joseph M. Erlinger President, McDonald's USA	Sold10b5-1 plan	939	$306.30	$288k	6.7%	Form 4
Feb 27, 2025	Tiffanie L. Boyd EVP - Chief People Officer	SoldNo plan	1,000	$309.27	$309k	15%	Form 4
Feb 24, 2025	Manuel Jm Steijaert EVP - Chief Customer Officer	SoldNo plan	10,459	$308.71	$3.23M	69%	Form 4
Feb 24, 2025	Joseph M. Erlinger President, McDonald's USA	Sold10b5-1 plan	939	$305.00	$286k	6.3%	Form 4
Feb 21, 2025	Marion K. Gross EVP-Chief Supply Chain Officer	SoldNo plan	1,099	$304.60	$335k	6.5%	Form 4
Feb 21, 2025	Jonathan Banner EVP - Chief Impact Officer	SoldNo plan	1,500	$304.33	$456k	58%	Form 4
Feb 19, 2025	Edith Morgan Flatley EVP - Global CMO	SoldNo plan	3,200	$300.76	$962k	25%	Form 4
Feb 13, 2025	Jonathan Banner EVP - Chief Impact Officer	SoldNo plan	9,200	$307.41	$2.83M	78%	Form 4
Feb 11, 2025	Christopher J Kempczinski Chairman and CEO	SoldNo plan	10,500	$310.05	$3.26M	24%	Form 4

Jun 1010b5-1 plan
Joseph M. Erlinger
President, McDonald's USA · sold 5,252 at $284.32
$1.49M
40% of stake
May 2810b5-1 plan
Desiree Ralls-Morrison
EVP, Chief Legal Officer · sold 2,763 at $278.36
$769k
31% of stake
May 2610b5-1 plan
Joseph M. Erlinger
President, McDonald's USA · sold 333 at $280.11
$93k
4.1% of stake
Apr 2310b5-1 plan
Joseph M. Erlinger
President, McDonald's USA · sold 333 at $302.72
$101k
4.0% of stake
Apr 1010b5-1 plan
Joseph M. Erlinger
President, McDonald's USA · sold 2,626 at $307.00
$806k
24% of stake
Mar 2310b5-1 plan
Joseph M. Erlinger
President, McDonald's USA · sold 333 at $313.47
$104k
3.8% of stake
Mar 1810b5-1 plan
Dario Baroni
President, IDL · sold 600 at $323.77
$194k
36% of stake
Mar 1010b5-1 plan
Joseph M. Erlinger
President, McDonald's USA · sold 2,626 at $328.34
$862k
23% of stake
Feb 23No plan
Jonathan Banner
EVP - Chief Impact Officer · sold 6,201 at avg $333.29
$2.07M
73% of stake
Feb 2310b5-1 plan
Joseph M. Erlinger
President, McDonald's USA · sold 333 at $330.43
$110k
3.7% of stake
Feb 12 – 1310b5-1 plan
Christopher J Kempczinski
Chairman and CEO · sold 52,553 at avg $332.44
$17.5M
44% of stake
Feb 1210b5-1 plan
Edith Morgan Flatley
EVP - Global CMO · sold 4,692 at $331.00
$1.55M
39% of stake
Feb 1010b5-1 plan
Joseph M. Erlinger
President, McDonald's USA · sold 2,626 at $325.25
$854k
33% of stake
Jan 1210b5-1 plan
Joseph M. Erlinger
President, McDonald's USA · sold 2,626 at $306.58
$805k
33% of stake
Dec 16, 202510b5-1 plan
Desiree Ralls-Morrison
EVP, Chief Legal Officer · sold 2,486 at $320.00
$796k
28% of stake
Dec 12, 202510b5-1 plan
Edith Morgan Flatley
EVP - Global CMO · sold 658 at $315.00
$207k
9.6% of stake
Dec 1, 202510b5-1 plan
Manuel Jm Steijaert
EVP - President, IOM · sold 6,567 at $305.50
$2.01M
59% of stake
Nov 21, 202510b5-1 plan
Ian Frederick Borden
EVP - CFO · sold 17,134 at $310.00
$5.31M
39% of stake
Nov 14, 2025No plan
Joseph M. Erlinger
President, McDonald's USA · sold 3,195 at $305.82
$977k
34% of stake
Nov 5, 202510b5-1 plan
Manuel Jm Steijaert
EVP - President, IOM · sold 13,134 at $300.42
$3.95M
74% of stake
Sep 2, 202510b5-1 plan
Edith Morgan Flatley
EVP - Global CMO · sold 1,000 at $315.00
$315k
13% of stake
Aug 20, 202510b5-1 plan
Edith Morgan Flatley
EVP - Global CMO · sold 4,716 at avg $315.00
$1.49M
38% of stake
Aug 19, 2025No plan
Jonathan Banner
EVP - Chief Impact Officer · sold 1,000 at $310.00
$310k
91% of stake
Aug 6, 202510b5-1 plan
Desiree Ralls-Morrison
EVP, Chief Legal Officer · sold 2,487 at $310.00
$771k
22% of stake
Aug 1, 202510b5-1 plan
Edith Morgan Flatley
EVP - Global CMO · sold 976 at $303.50
$296k
11% of stake
Jul 23, 202510b5-1 plan
Joseph M. Erlinger
President, McDonald's USA · sold 939 at $299.49
$281k
9.2% of stake
Jul 10, 202510b5-1 plan
Edith Morgan Flatley
EVP - Global CMO · sold 1,000 at $300.00
$300k
10% of stake
Jun 23, 202510b5-1 plan
Joseph M. Erlinger
President, McDonald's USA · sold 939 at $288.52
$271k
8.4% of stake
May 23, 202510b5-1 plan
Joseph M. Erlinger
President, McDonald's USA · sold 939 at $315.07
$296k
7.8% of stake
May 20, 2025No plan
Manuel Jm Steijaert
EVP - President, IOM · sold 6,000 at $319.66
$1.92M
57% of stake
Apr 23, 202510b5-1 plan
Joseph M. Erlinger
President, McDonald's USA · sold 939 at $318.50
$299k
7.2% of stake
Mar 24, 202510b5-1 plan
Joseph M. Erlinger
President, McDonald's USA · sold 939 at $306.30
$288k
6.7% of stake
Feb 27, 2025No plan
Tiffanie L. Boyd
EVP - Chief People Officer · sold 1,000 at $309.27
$309k
15% of stake
Feb 24, 2025No plan
Manuel Jm Steijaert
EVP - Chief Customer Officer · sold 10,459 at $308.71
$3.23M
69% of stake
Feb 24, 202510b5-1 plan
Joseph M. Erlinger
President, McDonald's USA · sold 939 at $305.00
$286k
6.3% of stake
Feb 21, 2025No plan
Marion K. Gross
EVP-Chief Supply Chain Officer · sold 1,099 at $304.60
$335k
6.5% of stake
Feb 21, 2025No plan
Jonathan Banner
EVP - Chief Impact Officer · sold 1,500 at $304.33
$456k
58% of stake
Feb 19, 2025No plan
Edith Morgan Flatley
EVP - Global CMO · sold 3,200 at $300.76
$962k
25% of stake
Feb 13, 2025No plan
Jonathan Banner
EVP - Chief Impact Officer · sold 9,200 at $307.41
$2.83M
78% of stake
Feb 11, 2025No plan
Christopher J Kempczinski
Chairman and CEO · sold 10,500 at $310.05
$3.26M
24% of stake

How to read this. Insiders sell for many reasons: taxes, diversifying, a house. Open-market buys are rarer and say more. A 10b5-1 plan is a trading schedule set up months in advance, so those sales were not timed on news. Large holders (funds and 10% owners) are listed under Everything but not counted as insiders. If you own or watch MCD, we send a push when an executive buys or makes a large sale outside a plan.

Source: SEC Form 4 filings, filed within two business days of each trade and checked for new ones every hour.

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Spot a number that looks wrong? Check it in MCD's SEC filings or

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Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.

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