Ian Frederick Borden - 18 Feb 2023 Form 4 Insider Report for MCDONALDS CORP (MCD)

Role: EVP & CFO
Signature: /s/ Christopher Weber, Attorney-in-fact
Issuer symbol: MCD
Transactions as of: 18 Feb 2023
Net transactions value: -$955,225
Form type: 4
Filing time: 22 Feb 2023, 14:55:52 UTC
Previous filing: 15 Feb 2023
Next filing: 07 Jun 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MCD	Common Stock	Options Exercise	$0	+6,324	+89%	$0.000000	13,459	18 Feb 2023	Direct	F1, F2, F3
transaction	MCD	Common Stock	Options Exercise	$0	+466	+3.5%	$0.000000	13,925	18 Feb 2023	Direct	F3, F4
transaction	MCD	Common Stock	Tax liability	$955,225	-3,538	-25%	$269.99	10,387	18 Feb 2023	Direct	F3

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	Restricted Stock Units	Options Exercise	$0	-6,324	-100%	$0.000000^*	0	18 Feb 2023	Common Stock	6,324		Direct	F1, F2
transaction	MCD	Dividend Equivalent Rights	Options Exercise	$0	-466	-100%	$0.000000^*	0	18 Feb 2023	Common Stock	466		Direct	F4

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

Explanation of Responses:

Id	Content
F1	As a result of McDonald's Corporation's (the "Company") performance against the pre-approved financial targets, the reporting person vested in 153.7% of the original grant of 4,114 performance based restricted stock units ("RSUs").
F2	Each RSU represents a right to acquire one share of the Company's common stock.
F3	Includes shares acquired through dividend reinvestment.
F4	Settlement of dividend equivalent rights in connection with vested RSUs. Each dividend equivalent right is the economic equivalent of one share of the Company's common stock.