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"). | Acquisition of phantom stock pursuant to the Plan in a transaction exempt under Rule 16b-3(d)(1). Amount represents deferred compensation. | Payment of phantom stock will occur following the Director's retirement date or other termination from the Board. | Payment of phantom stock will occur following the Director's retirement date or other termination from the Board. | Includes shares acquired through dividend reinvestment.
Hsu Michael D.
Director·Direct
Grant · Acquire
Phantom StockDerivative
Shares+96.53
Price$310.79
Total Value$30.0K
Shares Owned After1.88K
Transaction DateMar 31, 2026
Footnotes ▸
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"). | Acquisition of phantom stock pursuant to the Plan in a transaction exempt under Rule 16b-3(d)(1). Amount represents deferred compensation. | Payment of phantom stock will occur following the Director's retirement date or other termination from the Board. | Payment of phantom stock will occur following the Director's retirement date or other termination from the Board. | Includes shares acquired through dividend reinvestment.
Hsu Michael D.
Director·Indirect · By Trust
Common Stock
Shares0
Price-
Total Value$0
Shares Owned After89
Post-Transaction Holdings
Hsu Michael D.
Security
Shares
Change
Common Stock
89
-
Phantom Stock
2.00K
+207.52 (11.55%)
Original SEC Filing Textexpand_more
=== SEC Form 4 — Statement of Changes in Beneficial Ownership ===
Document Type: 4
Period of Report: 2026-03-31
10b5-1 Pre-arranged Plan: No
--- Issuer ---
Name: MCDONALDS CORP (MCD)
CIK: 0000063908
--- Reporting Owner ---
Name: Hsu Michael D.
CIK: 0001554339
Role: Director
--- Derivative Transactions ---
[Transaction #1]
Security: Phantom Stock
Date: 2026-03-31 | Code: A (Grant or award)
Shares: +96.53 | Price: $310.79
Shares Owned After: 1,880.49 | 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.
[Transaction #2]
Security: Phantom Stock
Date: 2026-06-30 | Code: A (Grant or award)
Shares: +110.99 | Price: $270.31
Shares Owned After: 2,003.62 | 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.
--- Holdings ---
[Holding #1]
Security: Common Stock
Ownership: I (Indirect)
--- 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 (2026-07-01)
