MCDONALDS CORP — Director's Dealing 2023

Feb 22, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MCDONALDS CORP (MCD)
CIK: 0000063908
Period of Report: 2023-02-18

Reporting Person: Kempczinski Christopher J (Director, President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-02-18	Common Stock	M	31610	—	Acquired	50637	Direct
2023-02-18	Common Stock	M	2330	—	Acquired	52967	Direct
2023-02-18	Common Stock	F	14480	$269.99	Disposed	38487	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-02-18	Restricted Stock Units	$	M	31610	Disposed	2023-02-18	Common Stock (31610)	Direct
2023-02-18	Dividend Equivalent Rights	$	M	2330	Disposed	2023-02-18	Common Stock (2330)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Phantom Stock	$		Common Stock (4526.76)	4526.76	Indirect

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 20,566 performance-based restricted stock units ("RSUs").

F2: Each performance-based 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.

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

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

F6: Includes shares acquired through dividend reinvestment.