McDonald's 4: Taubert Jennifer L bought 769 shares of Phantom Stock at $3… (Jan 5, 2026)

=== SEC Form 4 — Statement of Changes in Beneficial Ownership === Document Type: 4 Period of Report: 2025-12-31 10b5-1 Pre-arranged Plan: No --- Issuer --- Name: MCDONALDS CORP (MCD) CIK: 0000063908 --- Reporting Owner --- Name: Taubert Jennifer L CIK: 0001745938 Role: Director --- Derivative Transactions --- [Transaction #1] Security: Phantom Stock Date: 2025-12-31 | Code: A (Grant or award) Shares: +768.9 | Price: $305.63 Shares Owned After: 3,696.03 | Ownership: D (Direct) Footnotes: [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 Board of 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. [F3] Payment of phantom stock will occur following the Director's retirement date or other termination from the Board. [F4] Includes shares acquired through dividend reinvestment. --- Footnotes (Complete Index) --- 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 Board of 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. F4: Includes shares acquired through dividend reinvestment. --- Signature --- /s/ /s/ Jeffrey J. Pochowicz, Attorney-in-fact (2026-01-05)