Anthony Capuano - Dec 31, 2022 Form 4 Insider Report for MCDONALDS CORP (MCD)

Role: Director
Signature: /s/ Christopher Weber, Attorney-in-fact
Stock symbol: MCD
Transactions as of: Dec 31, 2022
Transactions value $: $79,162
Form type: 4
Date filed: 1/4/2023, 01:33 PM
Previous filing: Nov 14, 2022
Next filing: Feb 17, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	MCD	Common Stock						117	Dec 31, 2022	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	$79.2K	+300		$263.53	300	Dec 31, 2022	Common Stock	300		Direct	F1, F2, F3

* 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 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.