Heidi B. Capozzi - 13 Feb 2023 Form 4 Insider Report for MCDONALDS CORP (MCD)

Role: EVP - Chief People Officer
Signature: /s/ Christopher Weber, Attorney-in-fact
Issuer symbol: MCD
Transactions as of: 13 Feb 2023
Net transactions value: $0
Form type: 4
Filing time: 15 Feb 2023, 16:31:26 UTC
Previous filing: 01 Jun 2022
Next filing: 31 May 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	MCD	Common Stock						16,720	13 Feb 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	+24,840		$0.000000	24,840	13 Feb 2023	Common Stock	24,840	$266.20	Direct	F1
transaction	MCD	Restricted Stock Units	Award	$0	+2,999	+64%	$0.000000	7,710	13 Feb 2023	Common Stock	2,999		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.