Andrew J. Mckenna - Dec 31, 2021 Form 4 Insider Report for MCDONALDS CORP (MCD)

Role: Chairman Emeritus
Signature: /s/ Christopher Weber, Attorney-in-fact
Stock symbol: MCD
Transactions as of: Dec 31, 2021
Transactions value $: $100,001
Form type: 4
Date filed: 1/4/2022, 11:37 AM
Previous filing: Aug 6, 2021
Next filing: Mar 22, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	MCD	Common Stock						43.2K	Dec 31, 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	Phantom Stock	Award	$100K	+373	+0.62%	$268.07	61K	Dec 31, 2021	Common Stock	373		Direct	F1, F2, F3, F4

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

Explanation of Responses:

Id	Content
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 Directors' Deferred Compensation Plan (the "Plan").
F2	Acquisition of phantom stock pursuant to the Plan in transaction exempt under Rule 16b-3(d)(1). Amount represents deferred compensation.
F3	Payment of phantom stock will be deferred until at least April of the year following the date when Mr. McKenna ceases to be Chairman Emeritus.
F4	Includes shares acquired through dividend reinvestment.