MCDONALDS CORP — Director's Dealing 2025

Feb 19, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MCDONALDS CORP (MCD)
CIK: 0000063908
Period of Report: 2025-02-14

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-02-14	Common Stock	M	7519	—	Acquired	13786.12	Direct
2025-02-14	Common Stock	M	538	—	Acquired	14324.12	Direct
2025-02-14	Common Stock	F	3083.11	$308.55	Disposed	11241.01	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2025-02-14	Restricted Stock Units	$	M	7519	Disposed	2025-02-14	Common Stock (7519)	Direct
2025-02-14	Dividend Equivalent Rights	$	M	538	Disposed	2025-02-14	Common Stock (538)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Phantom Stock	$		Common Stock (86.78)	86.78	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 170.2% of the original grant of 4,418 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.