# EDGAR Filing Document

**Accession Number:** 0000063908
**File Stem:** 0001567619-25-000371
**Filing Date:** 2025-7
**Character Count:** 7385
**Document Hash:** 58113cecf118bd62b619ba5bc67dd2b6
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001567619-25-000371.hdr.sgml**: 20250717

**ACCESSION NUMBER**: 0001567619-25-000371

**CONFORMED SUBMISSION TYPE**: 3

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250601

**FILED AS OF DATE**: 20250717

**DATE AS OF CHANGE**: 20250717

**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** Baroni Dario
- **CENTRAL INDEX KEY:** 0002076998

**ORGANIZATION NAME:**

**FILING VALUES:**
- **FORM TYPE:** 3
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-05231
- **FILM NUMBER:** 251129124

**MAIL ADDRESS:**
- **STREET 1:** 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]
- **ORGANIZATION NAME:** 07 Trade & Services
- **EIN:** 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

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM 3

### INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>Baroni Dario<br><sub>(Last) (First) (Middle)</sub><br>MCDONALD'S CORPORATION<br>110 NORTH CARPENTER STREET<br><sub>(Street)</sub><br>CHICAGO, IL 60607<br><sub>(City) (State) (Zip)</sub> | **3. Issuer Name and Ticker or Trading Symbol**<br>MCDONALDS CORP [ MCD ] | **5. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  |
| **2. Date of Event Requiring Statement (Month/Day/Year)**<br>2025-06-01 | **4. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[ ] Director   [ ] 10% Owner<br>[X] Officer (give title below)   [ ] Other (specify below)<br>_President, IDL_ | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[X] Form filed by One Reporting Person<br>[ ] Form filed by More than One Reporting Person |

---

## Table I - Non-Derivative Securities Beneficially Owned

---

|  |  |  |  |
| --- | --- | --- | --- |
| 1. Title of Security | 2. Amount of Securities Beneficially Owned | 3. Ownership Form | 4. Nature of Indirect Beneficial Ownership |

---

## Table II - Derivative Securities Beneficially Owned

---

|  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Derivative Security | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 3. Title and Amount of Underlying Securities | 3. Title and Amount of Underlying Securities | 4. Conversion or Exercise Price | 5. Ownership Form | 6. Nature of Indirect Beneficial Ownership |
| 1. Title of Derivative Security | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | 4. Conversion or Exercise Price | 5. Ownership Form | 6. Nature of Indirect Beneficial Ownership |
| Options (Right to Buy) | <sup>(1)</sup> | 2032-02-14 | Common Stock | 623 | $253.39 | D |  |
| Restricted Stock Units | 2026-02-13 | 2026-02-13 | Common Stock | 1991.22 | <sup>(2)</sup> | D |  |
| Restricted Stock Units | 2026-02-13 | 2026-02-13 | Common Stock | 547.88 | <sup>(2)</sup> | D |  |
| Restricted Stock Units | 2026-02-13 | 2026-02-13 | Common Stock | 527.74<sup>(3)</sup> | <sup>(2)</sup> | D |  |
| Restricted Stock Units | 2027-02-12 | 2027-02-12 | Common Stock | 564.92 | <sup>(2)</sup> | D |  |
| Restricted Stock Units | 2027-02-12 | 2027-02-12 | Common Stock | 535.89<sup>(4)</sup> | <sup>(2)</sup> | D |  |
| Restricted Stock Units | 2028-02-12 | 2028-02-12 | Common Stock | 1069.51 | <sup>(2)</sup> | D |  |
| Restricted Stock Units | 2028-02-12 | 2028-02-12 | Common Stock | 979.45<sup>(5)</sup> | <sup>(2)</sup> | D |  |

---

### Footnotes:

(1) Options become exercisable in 25% increments on the first, second, third and fourth anniversary dates of the grant. 2,493 options were granted on February 14, 2022. 623 options remain unvested and become exercisable on February 14, 2026. All vested options have been exercised.

(2) Each restricted stock unit ("RSU") represents a right to acquire one share of McDonald's Corporation (the "Company") common stock.

(3) Represents the target number of RSUs granted plus dividend equivalents already accrued, subject to performance-based vesting conditions linked to diluted EPS growth and ROIC for the period of January 1, 2023 through December 31, 2025 (the "2023-2025 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's total shareholder return relative to the S&P 500 Index over the 2023-2025 Performance Period. The number of RSUs earned will range from 50% to 150% of the target number of RSUs granted (plus dividend equivalents accrued) based upon the performance results.

(4) Represents the target number of RSUs granted plus dividend equivalents already accrued, subject to performance-based vesting conditions linked to diluted EPS growth and ROIC for the period of January 1, 2024 through December 31, 2026 (the "2024-2026 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's total shareholder return relative to the S&P 500 Index over the 2024-2026 Performance Period. The number of RSUs earned will range from 0% to 200% of the target number of RSUs granted (plus dividend equivalents accrued) based upon the performance results.

(5) Represents the target number of RSUs granted plus dividend equivalents already accrued, subject to performance-based vesting conditions linked to diluted EPS growth and ROIC for the period of January 1, 2025 through December 31, 2027 (the "2025-2027 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's total shareholder return relative to the S&P 500 Index over the 2025-2027 Performance Period. The number of RSUs earned will range from 0% to 200% of the target number of RSUs granted (plus dividend equivalents accrued) based upon the performance results.

**Signature:** /s/ Jackson Cates, Attorney-in-fact  
**Date:** 2025-07-17

### Remarks:

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

**Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.**