McDonald's USA President sells 5,252 shares ($1.5M) via scheduled 10b5-1 plan; retains 7,733 shares plus 15,757 options.
Joseph M. Erlinger, President of McDonald's USA, sold 5,252 shares at $284.32 on 2026-06-10 under a pre-arranged 10b5-1 trading plan, generating $1,493,248.64. This is a scheduled transaction, not a discretionary choice, reducing his direct holdings by 40.4% to 7,733 shares while maintaining a material position through 15,757 in-the-money options. Erlinger has executed 5 prior open-market sales at MCD within the past eight months (November 2025 through June 2026), indicating a consistent pattern of liquidity management through his pre-arranged plan. The stock is currently 17.3% below its 52-week high of $341.75, and the company's fundamentals remain solid with $6.5B in quarterly revenue, $2.0B net income, and a 23.14 P/E ratio.