MCDONALDS CORP — Director's Dealing 2023

May 31, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MCDONALDS CORP (MCD)
CIK: 0000063908
Period of Report: 2023-05-28

Reporting Person: CAPOZZI HEIDI B (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-05-28	Common Stock	M	7241	—	Acquired	23961	Direct
2023-05-28	Common Stock	M	513	—	Acquired	24474	Direct
2023-05-28	Common Stock	F	3413	$286.04	Disposed	21061	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-05-28	Restricted Stock Units	$	M	7241	Disposed	2023-05-28	Common Stock (7241)	Direct
2023-05-28	Dividend Equivalent Rights	$	M	513	Disposed	2023-05-28	Common Stock (513)	Direct

Footnotes

F1: As a result of McDonald's Corporation's (the "Company") performance against the pre-approved financial targets, the reporting person vested in 153.7% of the original grant of 4,711 performance based restricted stock units ("RSUs").

F2: Each RSU represents a right to acquire one share of the Company's common stock.

F3: Settlement of dividend equivalent rights in connection with vested RSUs. Each dividend equivalent right is the economic equivalent of one share of the Company's common stock.