MCDONALDS CORP — Director's Dealing 2025

Nov 26, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MCDONALDS CORP (MCD)
CIK: 0000063908
Period of Report: 2025-11-24

Reporting Person: Ralls-Morrison Desiree (N/A)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2025-11-24	Phantom Stock	$	I	1639.88	Acquired		Common Stock (1639.88)	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	8754.01	Direct

Footnotes

F1: Each share of phantom stock represents a right to receive the cash value of one share of the Company's common stock.

F2: Shares of phantom stock are payable in cash following the reporting person's separation from service with the Company.