MCDONALDS CORP — Director's Dealing 2024

Feb 21, 2024

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MCDONALDS CORP (MCD)
CIK: 0000063908
Period of Report: 2024-02-16

Reporting Person: Kempczinski Christopher J (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2024-02-16	Common Stock	M	60463	—	Acquired	89494	Direct
2024-02-16	Common Stock	M	4171	—	Acquired	93665	Direct
2024-02-16	Common Stock	F	28119.2	$292.02	Disposed	65545.8	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2024-02-16	Restricted Stock Units	$	M	60463	Disposed	2024-02-16	Common Stock (60463)	Direct
2024-02-16	Dividend Equivalent Rights	$	M	4171	Disposed	2024-02-16	Common Stock (4171)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Phantom Stock	$		Common Stock (4771.81)	4771.81	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 187.5% of the original grant of 32,247 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.

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.