Ralls-Morrison Desiree 4

What Happened

• Desiree Ralls‑Morrison, EVP and Chief Legal Officer of McDonald's Corporation, sold 2,763 shares of MCD common stock in an open‑market transaction on May 28, 2026. The reported weighted average sales price was $278.36 per share, for total proceeds of approximately $769,109. This was a sale (not a purchase), which is often routine insider selling.

Key Details

• Transaction date: May 28, 2026.
• Price: weighted average $278.36 per share; individual trades ranged from $277.60 to $280.19 (see footnote F1).
• Shares sold: 2,763; total proceeds ≈ $769,109.
• Shares owned after the transaction: Not disclosed in the provided filing excerpt.
• Footnotes of note:
  • F1: Sale executed in multiple trades; weighted average price reported; detailed per‑trade prices available upon request.
  • F2–F3: The filing references “phantom stock” (each unit equals the cash value of one share) payable in cash following separation from service.
  • F4: Includes shares acquired through dividend reinvestment.
• Filing timeliness: Form 4 filed on June 1, 2026 for a May 28 transaction — this falls within the typical two business‑day reporting window and appears timely.

Context

• This report documents a straight sale of shares; it does not indicate exercise of options or receipt of an award. Sales by executives can be routine (e.g., diversification, tax planning) and do not by themselves indicate a change in company outlook. The phantom stock notes describe certain non‑equity awards that pay cash, which are separate from the open‑market sale reported here.