MCDONALDS CORP — Director's Dealing 2022

May 19, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MCDONALDS CORP (MCD)
CIK: 0000063908
Period of Report: 2022-05-17

Reporting Person: Ralls-Morrison Desiree (EVP, Gen Counsel and Secretary)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-05-17	Common Stock	M	5396	—	Acquired	5396	Direct
2022-05-17	Common Stock	X	119	—	Acquired	5515	Direct
2022-05-17	Common Stock	F	2390	$244.04	Disposed	3125	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-05-17	Restricted Stock Units	$	M	5396	Disposed		Common Stock (5396)	Direct
2022-05-17	Dividend Equivalent Rights	$	X	119	Disposed		Common Stock (119)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Phantom Stock	$		Common Stock (81.98)	81.98	Indirect

Footnotes

F1: Each restricted stock unit ("RSU") represents a right to acquire one share of McDonald's Corporation common stock.

F2: Settlement of dividend equivalent rights in connection with vested RSUs. Each dividend equivalent right is the economic equivalent of one share of McDonald's Corporation common stock.

F3: On May 17, 2021, Ms. Ralls-Morrison was granted 10,791 RSUs, vesting in two equal installments on the first two anniversaries of the grant date.

F4: Each share of phantom stock represents a right to receive the cash value of one share of McDonald's Corporation common stock.

F5: Shares of phantom stock are payable in cash following the reporting person's separation from service with McDonald's Corporation.

F6: Includes shares acquired through dividend reinvestment.