Heidi B. Capozzi - Feb 13, 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: Feb 13, 2023
Transactions value $: $0
Form type: 4
Date filed: 2/15/2023, 04:31 PM
Previous filing: Jun 1, 2022
Next filing: May 31, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	MCD	Common Stock						16.7K	Feb 13, 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	Options (Right to Buy)	Award	$0	+24.8K		$0.00	24.8K	Feb 13, 2023	Common Stock	24.8K	$266.20	Direct	F1
transaction	MCD	Restricted Stock Units	Award	$0	+3K	+63.66%	$0.00	7.71K	Feb 13, 2023	Common Stock	3K		Direct	F2, F3

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

Explanation of Responses:

Id	Content
F1	Options become exercisable in 25% increments on the first, second, third and fourth anniversary dates of the grant.
F2	Each restricted stock unit ("RSU") represents a right to acquire one share of McDonald's Corporation (the "Company") common stock.
F3	As a result of the Company's performance against the pre-approved financial targets as certified on February 13, 2023 for the period of January 1, 2020 through December 31, 2022, the reporting person will vest in 153.7% of the original target amount of 4,711 performance-based RSUs, plus shares acquired through dividend reinvestment, subject to completion of the service period on May 28, 2023. Accordingly, the reported transaction reflects the acquisition of an additional 2,999 RSUs earned above the target grant.