Jo Sempels - Feb 13, 2023 Form 4 Insider Report for MCDONALDS CORP (MCD)

Role
President, IDL
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, 04:49 PM
Previous filing
Jun 1, 2023
Next filing
Feb 22, 2023

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 +5.29K $0.00 5.29K Feb 13, 2023 Common Stock 5.29K $266.20 Direct F1
transaction MCD Restricted Stock Units Award $0 +1.04K $0.00 1.04K Feb 13, 2023 Common Stock 1.04K Direct F2, F3
transaction MCD Restricted Stock Units Award $0 +596 +61.13% $0.00 1.57K Feb 13, 2023 Common Stock 596 Direct F2, F4
* 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 Represents the target number of RSUs granted, subject to performance-based vesting conditions linked to diluted earnings per share ("EPS") growth and return on invested capital ("ROIC") for the period of January 1, 2023 through December 31, 2025 (the "Performance Period"). If the Company satisfies both the EPS and ROIC thresholds, then the number of RSUs that vest may be increased or decreased based upon the Company total shareholder return relative to the S&P 500 Index over the Performance Period. The number of RSUs earned will range from 50% to 150% of the target number of RSUs granted.
F4 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 150% of the original target amount of 975 performance-based RSUs, plus shares acquired through dividend reinvestment, subject to completion of the service period on February 18, 2023. Accordingly, the reported transaction reflects the acquisition of an additional 596 RSUs earned above the target grant.