Heidi B. Capozzi - May 28, 2021 Form 4 Insider Report for MCDONALDS CORP (MCD)

Role: EVP - Chief People Officer
Signature: /s/ Jennifer Card, Attorney-in-fact
Stock symbol: MCD
Transactions as of: May 28, 2021
Transactions value $: -$976,725
Form type: 4
Date filed: 6/2/2021, 11:01 AM
Next filing: Feb 16, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MCD	Common Stock	Options Exercise	$0	+10.6K		$0.00	10.6K	May 28, 2021	Direct	F1
transaction	MCD	Common Stock	Exercise of in-the-money or at-the-money derivative security	$0	+257	+2.42%	$0.00	10.9K	May 28, 2021	Direct	F2
transaction	MCD	Common Stock	Tax liability	-$977K	-4.18K	-38.47%	$233.89	6.68K	May 28, 2021	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	-10.6K	-100%	$0.00^*	0	May 28, 2021	Common Stock	10.6K		Direct	F1, F3
transaction	MCD	Dividend Equivalent Rights	Exercise of in-the-money or at-the-money derivative security		-257	-100%		0	May 28, 2021	Common Stock	257		Direct	F2

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

Explanation of Responses:

Id	Content
F1	Each restricted stock unit ("RSU") represents a right to acquire one share of McDonald's Corporation common stock.
F2	Settlement of dividend equivalent rights in connection with vested RSUs. Each dividend equivalent right is the economic equivalent of one share of McDonald's Corporation common stock.
F3	On May 28, 2020, Ms. Capozzi was granted 21,195 RSUs, vesting in two equal installments on the first two anniversaries of the grant date.