<SEC-DOCUMENT>0001567619-22-004735.txt : 20220216
<SEC-HEADER>0001567619-22-004735.hdr.sgml : 20220216
<ACCEPTANCE-DATETIME>20220216172551
ACCESSION NUMBER:		0001567619-22-004735
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20220214
FILED AS OF DATE:		20220216
DATE AS OF CHANGE:		20220216

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Hoovel Catherine A.
		CENTRAL INDEX KEY:			0001686304

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-05231
		FILM NUMBER:		22644754

	MAIL ADDRESS:	
		STREET 1:		MCDONALD'S CORPORATION
		STREET 2:		110 NORTH CARPENTER STREET
		CITY:			CHICAGO
		STATE:			IL
		ZIP:			60607

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MCDONALDS CORP
		CENTRAL INDEX KEY:			0000063908
		STANDARD INDUSTRIAL CLASSIFICATION:	RETAIL-EATING PLACES [5812]
		IRS NUMBER:				362361282
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		110 NORTH CARPENTER STREET
		CITY:			CHICAGO
		STATE:			IL
		ZIP:			60607
		BUSINESS PHONE:		630 623 3000

	MAIL ADDRESS:	
		STREET 1:		110 NORTH CARPENTER STREET
		CITY:			CHICAGO
		STATE:			IL
		ZIP:			60607
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>doc1.xml
<DESCRIPTION>FORM 4
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        <issuerName>MCDONALDS CORP</issuerName>
        <issuerTradingSymbol>MCD</issuerTradingSymbol>
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            <rptOwnerName>Hoovel Catherine A.</rptOwnerName>
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            <rptOwnerCity>CHICAGO</rptOwnerCity>
            <rptOwnerState>IL</rptOwnerState>
            <rptOwnerZipCode>60607</rptOwnerZipCode>
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            <isDirector>0</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>SVP - Corporate Controller</officerTitle>
            <otherText></otherText>
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        <derivativeTransaction>
            <securityTitle>
                <value>Dividend Equivalent Rights</value>
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                <value>2022-02-14</value>
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                </underlyingSecurityTitle>
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                    <footnoteId id="F3"/>
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                    <value>D</value>
                </directOrIndirectOwnership>
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        </derivativeTransaction>
        <derivativeTransaction>
            <securityTitle>
                <value>Options (Right to Buy)</value>
            </securityTitle>
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                <value>253.39</value>
            </conversionOrExercisePrice>
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                <value>2022-02-14</value>
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    <footnotes>
        <footnote id="F1">As a result of McDonald's Corporation's performance against the pre-approved financial targets, the reporting person vested in 66.7% of the original grant of 614 performance-based restricted stock units (&quot;RSUs&quot;).</footnote>
        <footnote id="F2">Each performance-based RSU represents a right to acquire one share of McDonald's Corporation common stock.</footnote>
        <footnote id="F3">Settlement of dividend equivalent rights in connection with vested RSUs. Each dividend equivalent right is the economic equivalent of one share of McDonald's Corporation common stock.</footnote>
        <footnote id="F4">Includes shares acquired through dividend reinvestment.</footnote>
        <footnote id="F5">Represents the target number of RSUs granted, subject to performance-based vesting conditions linked to diluted earnings per share (&quot;EPS&quot;) growth and return on invested capital (&quot;ROIC&quot;) for the period of January 1, 2022 through December 31, 2024 (the &quot;Performance Period&quot;). If McDonald's Corporation satisfies both the EPS and ROIC thresholds, then the number of RSUs that vest may be increased or decreased based upon the McDonald's Corporation total shareholder return relative to the S&amp;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.</footnote>
        <footnote id="F6">Options become exercisable in 25% increments on the first, second, third and fourth anniversary dates of the grant.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Christopher Weber, Attorney-in-fact</signatureName>
        <signatureDate>2022-02-16</signatureDate>
    </ownerSignature>
</ownershipDocument>
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</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
