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EdgarHawk

Joseph M. Erlinger

President, McDonald's USA

Officer

Latest: President, McDonald's USA selling · June 2026

6 filings analyzed · 1 company · Latest 2026-06-10

Companies

Company Buys Sells Direction
MCDONALDS CORP MCD 0 11 Net selling

Activity

June 2026
2026-06-10 MCDONALDS CORP MCD
low
Sell
5,252 shares
$1,493,249
Significance 4/10

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.

April 2026
2026-04-13 MCDONALDS CORP MCD
medium
Sell
2,626 shares
$806,182
Significance 4/10

McDonald's USA President Joseph Erlinger sold 2,626 shares at $307.00 on 2026-04-10, reducing holdings by 23.8%.

Joseph Erlinger, President of McDonald's USA, sold 2,626 shares at $307.00, reducing his holdings from 11,025 to 8,399 shares. At the time of the sale, MCD was trading near its 52-week high, approximately $34 above the current price of $304.51 and $21.45 above the 52-week low of $285.55. Erlinger's prior trades at MCD show mixed timing outcomes: two of three measurable 90-day periods were well-timed (negative returns after the sale), but his most recent MCD sale on 2026-03-10 showed -5.7% 30-day performance, suggesting continued downward momentum. His cross-ticker track record shows a 55.56% well-timed rate across 11 prior sells with modest average returns (+1.5% at 90 days), indicating neither exceptional timing ability nor consistent underperformance.

March 2026
2026-03-11 MCDONALDS CORP MCD
medium
Sell
2,626 shares
$862,221
Significance 4/10

McDonald's USA President Joseph Erlinger sold 2,626 shares at $328.34 on 2026-03-10, reducing holdings by 23.1% to 8,732 shares.

Joseph Erlinger, President of McDonald's USA, sold 2,626 shares at $328.34, a substantial reduction of 23.1% from his pre-transaction holdings of 11,358 shares. The sale occurred when the stock was trading near its 52-week high of $341.06, just 4.6% below that peak. His prior trades at McDonald's show mixed timing outcomes—while three recent sales (2025-11-14, 2026-01-12, 2026-02-10) occurred within the last five months, only 1 of 3 measurable prior sales at this ticker were well-timed at the 90-day mark, suggesting inconsistent judgment in exit execution. The stock has risen 5.0% over the past 90 days, and his cross-ticker track record shows a 50% well-timed rate on prior sells, indicating his selling discipline is below the threshold for reliable forward signals.

February 2026
2026-02-11 MCDONALDS CORP MCD
medium
Sell
2,626 shares
$854,106
Significance 4/10

McDonald's USA President Erlinger sells 2,626 shares at $325.25 on 2026-02-10; reduces MCD holdings by 32.7%

Erlinger Joseph M., President of McDonald's USA, sold 2,626 shares for $854,106.50 at $325.25, reducing his MCD holdings from 8,024 to 5,398 shares (-32.7%). The sale occurred near the 52-week high ($327.16), with stock currently at $323.21. At the same-ticker level, his prior four measurable MCD sells showed modest 30-day gains averaging +4.3%, but only 1 of 3 with 90-day outcomes proved well-timed (the sale on 2023-10-23 returned +17.1% at 90 days, while 2023-12-22 returned -2.5%). His cross-ticker track record across 9 prior sells shows a 57.14% well-timed rate with +1.5% average 30-day return and +0.8% average 90-day return—modestly favorable timing discipline. The current transaction's timing near a 52-week peak and the substantial reduction in absolute share count merit observation, though the modest fundamentals context (P/E 27.34, +1.7% annual revenue growth) and relatively concentrated timing pattern at MCD do not signal acute concern.

January 2026
2026-01-13 MCDONALDS CORP MCD
medium
Sell
2,626 shares
$805,079
Significance 4/10

McDonald's USA President sells 2,626 shares at $306.58; holdings drop 32.7% to 5.4K shares

Joseph M. Erlinger, President of McDonald's USA, sold 2,626 shares on 2026-01-12 at $306.58, reducing his holdings by 32.7% from 8,024 to 5,398 shares. His prior sells at MCD show a mixed timing record: 1 of 4 prior sales was well-timed at the 90-day mark, with individual outcomes ranging from -4.8% to +9.9% in the 30-day window and -2.5% to +17.1% over 90 days. His cross-ticker sell history reflects 8 prior transactions with an average 90-day return of +0.8% and a 57.14% well-timed rate. The stock currently trades at $309.44, down 2.3% over 30 days and off 3.7% from its 52-week high, placing it in the lower range of recent volatility. The sale represents a substantial reduction in executive holdings at a company with $220.4B market cap and a P/E of 26.18.

November 2025
2025-11-18 MCDONALDS CORP MCD
medium
Sell
3,195 shares
$977,095
Significance 4/10

McDonald's USA President Erlinger sold 3,195 shares at $305.82 for $977,094.90; holdings reduced to 6,088 shares (-34.4%).

Joseph M. Erlinger, President of McDonald's USA, sold 3,195 shares of MCD at $305.82, representing a -34.4% reduction in his post-transaction holdings from 9,283 to 6,088 shares. The sale occurred at a price -5.2% from the 52-week high of $321.29, suggesting execution at a moderate discount to recent peak levels. His cross-ticker track record shows a 57.14% well-timed sell rate across 7 prior open-market sales (avg 90d return +0.8%), indicating mixed but slightly favorable historical timing patterns. At the same-ticker level (MCD), his prior 5 sales completed with 2 of 5 showing negative 90-day returns—one notably strong at 90d +17.1% in October 2023. The current stock trades at $304.59, only -1.1% below the transaction price over 30 days, leaving insufficient data to evaluate this specific sale's timing trajectory.

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