Heidi B. Capozzi - May 28, 2023 Form 4 Insider Report for MCDONALDS CORP (MCD)

Role: EVP - Chief People Officer
Signature: /s/ Christopher Weber, Attorney-in-fact
Stock symbol: MCD
Transactions as of: May 28, 2023
Transactions value $: -$976,255
Form type: 4
Date filed: 5/31/2023, 12:05 PM
Previous filing: Feb 15, 2023
Next filing: Sep 1, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MCD	Common Stock	Options Exercise	$0	+7.24K	+43.31%	$0.00	24K	May 28, 2023	Direct	F1, F2
transaction	MCD	Common Stock	Options Exercise	$0	+513	+2.14%	$0.00	24.5K	May 28, 2023	Direct	F3
transaction	MCD	Common Stock	Tax liability	-$976K	-3.41K	-13.95%	$286.04	21.1K	May 28, 2023	Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	MCD	Restricted Stock Units	Options Exercise	$0	-7.24K	-100%	$0.00^*	0	May 28, 2023	Common Stock	7.24K		Direct	F1, F2
transaction	MCD	Dividend Equivalent Rights	Options Exercise	$0	-513	-100%	$0.00^*	0	May 28, 2023	Common Stock	513		Direct	F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
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 4,711 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.