MCDONALDS CORP — Director's Dealing 2025

Oct 1, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MCDONALDS CORP (MCD)
CIK: 0000063908
Period of Report: 2025-09-30

Reporting Person: Dean Lloyd H (N/A)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2025-09-30	Phantom Stock	$	A	119.29	Acquired		Common Stock (119.29)	Direct

Footnotes

F1: Each share of phantom stock is the economic equivalent of one share of McDonald's Corporation common stock and shall be settled in cash, pursuant to the Board of Directors Deferred Compensation Plan (the "Plan").

F2: Acquisition of phantom stock pursuant to the Plan in a transaction exempt under Rule 16b-3(d)(1). Amount represents deferred compensation.

F3: Payment of phantom stock will occur following the Director's retirement date or other termination from the Board.

F4: Includes shares acquired through dividend reinvestment.