Taubert Acquires Phantom Stock Shares Under McDonald's Deferred Compensation Plan

McDonald's director Jennifer L. Taubert has acquired 129.9 phantom stock shares, which are equivalent to one common share each, as deferred compensation under the Board of Directors' Deferred Compensation Plan.

The shares were acquired on September 30, 2026, and will be settled in cash following her retirement or other termination from the Board.

This is not a direct purchase of stock, but rather a form of compensation that gives employees or executives the benefits of stock ownership without diluting ownership or transferring actual shares.