Elting Lauren B 4

What Happened

• Lauren B. Elting, Vice President, Chief Accounting Officer and Corporate Controller of McDonald's (MCD), was granted a derivative award of 2,407 shares on February 13, 2026. The reported acquisition price is $0.00, indicating this was a compensation award/option-type grant rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-02-13; Form 4 filed: 2026-02-17 (filing appears timely).
• Transaction code: A (grant/award/other acquisition); number of shares/units: 2,407; reported price: $0.00.
• Shares owned after the transaction: not specified in the provided excerpt of the filing.
• Relevant footnote: F1 — options become exercisable in 25% increments on the first, second, third and fourth anniversary dates of the grant (implying a four-year annual vesting schedule).
• No indication in the excerpt of a 10b5-1 plan, tax-withholding share surrender, or late filing.

Context

• This appears to be a standard equity compensation grant to an executive. Such awards are part of pay programs and do not reflect an immediate market purchase or sale. Vesting/exercise schedule (25% per year over four years) means the economic benefit is realized over time rather than immediately.