Christopher Kempczinski

Christopher Kempczinski has built a distinguished professional career marked by his steady advancement through leadership roles in one of the world's most recognized names in the quick service restaurant industry. " " He began his journey at the company in 2015, taking charge of global strategy and innovation as the Executive Vice President of Strategy, Business Development, and Innovation, a role in which he laid the groundwork for subsequent growth initiatives. " "

In 2017, he was promoted to President of McDonald's USA, where he was responsible for the operations of approximately 14,000 restaurants across the United States. His leadership during this period not only strengthened the company's U.S. market but also set the stage for a broader, global vision for the business. " " "

In November 2019, he assumed his current role as President and CEO, spearheading the innovative "Accelerating the Arches" strategy to drive growth and enhance value across the McDonald's system. Although detailed personal background and educational history are not available, his extensive experience and strategic direction have been instrumental in shaping the company's trajectory. " " "

STIP (Short-Term Incentive Plan)

• Payout Percentage: The STIP was paid at 141.3% " of the target amount resulting in a payout of $4,027,620 " .
• Target Basis: The STIP target was set at 200% of salary. "
• Grant Details:
  • Grant Date: February 13, 2023 "
  • Grant Date Fair Value: $6,500,181 "
  • Grant Date Stock Price: $266.20 per share "
• Vesting: No vesting schedule applies as the STIP is a cash-based incentive plan.

PRSUs (Performance-Based Restricted Stock Units)

• Vesting: The PRSUs vest on the third anniversary of the grant date (February 13, 2026). "
• Grant Details:
  • Grant Date: February 13, 2023 "
  • Grant Date Fair Value: $6,500,181 "
  • Exercise/Stock Price: $266.20 per share "
• Maximum Value at Grant Date: Up to $13,000,362 " if highest performance is achieved.

Long-Term Incentive Award

This award is a combination of PRSUs and Stock Options.

PRSUs Component:

• Details are the same as outlined above under the PRSUs section.

Stock Options Component:

• Additional Conditions: The overall award is capped at 200% of the target award with potential adjustments such as dividend equivalents based on PRSU vesting. " "