Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-07-15

McDonald's Corp (MCD)

Fiscal year 2025 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$20,574,525
Christopher Kempczinski total, FY2025
14th
CEO pay percentile vs peers
1,082:1
CEO-to-median pay ratio
94.69%
Say-on-pay support, latest vote
Companies that benchmark against MCD
20 companies name MCD as a compensation peer

Each company listed discloses MCD in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named MCD in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Christopher Kempczinski$1,550,000$0$8,000,215$8,000,066$2,367,160$0$657,084$20,574,525
Chairman, President and CEO
Ian Borden970,83302,750,1692,750,029967,86301,150,8378,589,731
Executive Vice President and Global CFO
Gillian McDonald929,54101,875,3291,875,056887,9940494,0676,061,987
Executive Vice President, Global Chief Restaurant Experience Officer
Joseph Erlinger895,83302,000,3062,000,033711,7740118,7045,726,650
President, McDonald’s USA
Manuel JM Steijaert854,45601,375,0841,375,014854,1310519,6804,978,365
President, International Operated Markets

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY20242025
Christopher Kempczinski$20,574,525$18,195,263$19,155,001+2,379,262
Ian Borden8,589,7316,311,6306,805,470+2,278,101
Gillian McDonald6,061,9875,049,9678,500,924+1,012,020
Joseph Erlinger5,726,6506,111,365−384,715
Manuel JM Steijaert4,978,365

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

02

Equity transactions since the proxy statement was filed

Every insider equity transaction reported on Form 4 after the 2025 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.

InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Joseph ErlingerPresident, McDonald's USA2026-04-10D2,626$0$0Derivative, Class A CommonForm 4 ↗
Joseph ErlingerPresident, McDonald's USA2026-04-10A2,626158414,357CommonForm 4 ↗
Joseph ErlingerPresident, McDonald's USA2026-04-10D2,626307806,182CommonForm 4 ↗
Joseph ErlingerPresident, McDonald's USA2026-04-23D333303100,806CommonForm 4 ↗
Joseph ErlingerPresident, McDonald's USA2026-05-26D33328093,277CommonForm 4 ↗
Desiree Ralls-MorrisonEVP, Chief Legal Officer2026-05-28D2,763278769,109CommonForm 4 ↗
Joseph ErlingerPresident, McDonald's USA2026-06-10D5,25200Derivative, Class A CommonForm 4 ↗
Joseph ErlingerPresident, McDonald's USA2026-06-10A5,252158828,713CommonForm 4 ↗
Joseph ErlingerPresident, McDonald's USA2026-06-10D5,2522841,493,249CommonForm 4 ↗

Transaction codes per Form 4: A acquisition · S open-market sale · F tax withholding · M option exercise · G gift. Value = shares × price as reported. Dividend-equivalent and fractional-share accrual rows (derivative Class A, under $10,000 and under 2,000 shares) are aggregated per date; every row appears in full below.

03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Christopher KempczinskiOPTION2025-02-12119,959$8,000,066
Christopher KempczinskiPSU2025-02-1223,8138,000,215
Joseph ErlingerOPTION2025-02-1229,9902,000,033
Gillian McDonaldPSU2025-02-125,5821,875,329
Gillian McDonaldOPTION2025-02-1228,1161,875,056
Manuel JM SteijaertPSU2025-02-124,0931,375,084
Ian BordenPSU2025-02-128,1862,750,169
Ian BordenOPTION2025-02-1241,2362,750,029
Manuel JM SteijaertOPTION2025-02-1220,6181,375,014
Joseph ErlingerPSU2025-02-125,9542,000,306
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Christopher Kempczinski$0$8,000,215$8,000,06650.0%
Joseph Erlinger02,000,3062,000,03350.0%
Gillian McDonald01,875,3291,875,05650.0%
Manuel JM Steijaert01,375,0841,375,01450.0%
Ian Borden02,750,1692,750,02950.0%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Christopher KempczinskiOption94,032289.44
Christopher KempczinskiOption59,798266.2
Joseph ErlingerOption29,990307.6
Christopher KempczinskiOption119,959307.6
Ian BordenOption18,398266.2
Ian BordenOption29,777289.44
Gillian McDonaldOption23,508289.44
Joseph ErlingerOption10,120266.2
Joseph ErlingerOption20,618307.6
Christopher KempczinskiOption34,128253.39
Ian BordenOption9,645253.39
Joseph ErlingerPSU11,4813,508,938
Christopher KempczinskiPSU70,88721,665,194
Ian BordenPSU22,9237,005,956
Gillian McDonaldPSU18,9405,788,632
Joseph ErlingerPSU18,5225,660,879
Joseph ErlingerOption10,387253.39
Joseph ErlingerOption5,193253.39
Ian BordenOption41,236307.6
Gillian McDonaldOption19,548266.2
Gillian McDonaldOption28,116307.6
Joseph ErlingerOption17,248266.2
Joseph ErlingerOption23,508289.44
Joseph ErlingerOption13,791289.44
05

Incentive-plan design — the Compensation Discussion & Analysis

The Company's compensation program is designed to attract, retain, and motivate highly talented executives by providing a competitive mix of cash and equity-based compensation that is strongly linked to the Company's financial performance and long-term shareholder value creation.

CEO STI target (% of salary)
CEO LTI target (% of salary)
Independent consultantSemler Brossy Consulting Group LLC
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingtrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-05-20478,236,84524,626,7612,167,51594.69%Passed
20252025-05-20477,245,24529,427,9481,918,43493.84%Passed
20242024-05-22461,863,20433,716,4322,332,09292.76%Passed
20232023-05-25466,380,08037,311,7412,570,74192.12%Passed
20222022-05-26445,844,11945,945,7864,836,94289.77%Passed
20212021-05-20466,532,51630,771,4683,275,65793.2%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20262026-05-2094.69%a
20252025-05-2093.84%b
20242024-05-2292.76%c

a. Approved under the standard stated in the filing — “Advisory Vote to Approve Executive Compensation Majority of the voting power represented at the meeting and entitled to vote thereon Vote against None”.

b. Approved under the standard stated in the filing — “Abstentions on any one or more of the proposals are shares present for purposes of determining a quorum, but an abstention on any proposal (other than Proposal 1) will have the effect of a vote "AGAINST" that proposal.”.

c. Approved under the standard stated in the filing — “Abstentions on any one or more of the proposals are shares present for purposes of determining a quorum, but an abstention on any proposal (other than Proposal 1) will have the effect of a vote "AGAINST" that proposal.”.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

07

CEO pay ratio

Ratio (CEO : median employee)1,082 : 1
CEO total compensation$20,574,525
Median employee compensation$19,020
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Miles WhiteIndependent · Lead Independent Director · Audit · Compensation$195,000$205,000$0$0$15,000$415,000
Catherine EngelbertIndependent · Audit · Compensation150,000205,0000015,000370,000
Lloyd DeanIndependent · Audit · Compensation145,000205,0000015,000365,000
Paul WalshIndependent · Audit · Compensation145,000205,0000015,000365,000
Michael HsuIndependent · Audit · Compensation120,000205,0000015,000340,000
Anthony CapuanoIndependent · Audit · Nominating/Governance120,000205,0000015,000340,000
Margaret GeorgiadisIndependent · Audit · Compensation120,000205,0000015,000340,000
Kareem DanielIndependent · Compensation · Nominating/Governance120,000205,0000015,000340,000
Jennifer TaubertIndependent · Compensation (Chair) · Nominating/Governance120,000205,0000015,000340,000
Amy WeaverIndependent · Nominating/Governance (Chair) · Compensation120,000205,0000015,000340,000
John MulliganIndependent · Audit · Compensation · Departed during FY46,48478,6300015,000140,114
James Farley JrIndependent · Newly elected000000
Christopher KempczinskiEmployee director · Board Chair · Audit (Chair) · Nominating/Governance00000
09

Board fee structure and ownership guideline

Annual cash retainer$120,000
Annual equity retainer$205,000
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)30,000 / 25,000 / 25,000
Stock ownership guidelineRobust Director stock ownership requirements
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$1,401,484
Equity awards (grant-date value)$2,128,630
All other compensation$165,000
Total cost of the board$3,695,114

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

10a

Peer reciprocity

Of the companies McDonald's Corp names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including McDonald's Corp.

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1The Walt Disney Company2025Robert Iger$1,000,000$21,000,057$14,000,006$7,250,000$45,842,574
2NIKE, Inc.2026Elliott Hill1,500,00028,137,7983,967,1132,220,00036,340,876
3Mastercard Incorporated2025Michael Miebach1,375,00020,711,4564,950,0097,957,95035,422,518
4Visa Inc.2025Ryan McInerney1,505,78218,723,3065,687,5095,250,00031,560,660
5The Coca-Cola Company2025James Quincey1,675,00012,516,10910,352,2555,025,00031,208,165
6Starbucks Corporation2025Brian Niccol1,599,99819,881,58501,971,00030,992,773
7Wal-Mart Inc.2026Doug McMillon1,500,00021,051,60504,032,00029,240,930
8Mondelez International, Inc.2025Dirk Van de Put1,624,61514,530,3594,401,5553,234,00024,516,114
9PepsiCo, Inc.2025Ramon Laguarta1,804,61511,550,00805,771,00023,903,545
10Marriott International, Inc.2025Anthony Capuano1,400,00112,010,6964,125,2054,526,83022,970,926
11The Procter & Gamble Company2025Jon Moeller1,637,50011,519,6456,562,515021,909,816
12Target Corporation2025Brian Cornell1,400,00018,555,2800787,92021,830,088
13Yum! Brands Inc.2025David Gibbs1,380,76912,459,2263,750,0123,024,00020,861,526
14McDonald's Corp2025Christopher Kempczinski1,550,0008,000,2158,000,0662,367,16020,574,525
15Colgate Palmolive Company2025Noel Wallace1,500,0008,005,1523,570,0162,455,95016,478,196
16The Kraft-Heinz Company2025Carlos Abrams-Rivera1,100,0008,102,60901,520,31010,748,810

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
McDonald's Corpnot disclosedPRSU 50 · Option 50not disclosedSemler Brossy Consulting Group LLC
Colgate Palmolive Company93.6%PSU 50 · Options 30 · RSU 20NoFW Cook
Marriott International, Inc.162%PSU 50 · RSU 25 · Options 25NoPearl Meyer
Mastercard Incorporated227%PSU 60 · RSU 20 · Options 20NoFW Cook
Mondelez International, Inc.91%PSU 75 · Options 25Nonot disclosed
NIKE, Inc.74%PSU 50 · Options 25 · RSU 25Yes — Relative TSRNone retained in fiscal 2026 (market data supplemented via Aon, Willis Towers Watson, and Mercer)
PepsiCo, Inc.not disclosednot disclosedYes — Relative TSR PerformanceFW Cook
Starbucks Corporation54.8%PSU 60 · RSU 40NoPay Governance
Target Corporationnot disclosedPSU 60 · RSU 40NoSemler Brossy
The Coca-Cola Company150%PSU 50 · Options 50Yes — Relative TSR modifierMeridian Compensation Partners, LLC
The Kraft-Heinz Company46.07%PSU 70 · RSU 30Yes — 3-year average annual Company Total Shareholder Return (TSR) performance relative to the performance peer groupMeridian Compensation Partners LLC
The Procter & Gamble Company57%PSU 50Yes — Relative TSR MultiplierMeridian Compensation Partners, LLC
The Walt Disney Company144.4%PSU 60 · Options 40Yes — TSR performance relative to the S&P 500 Media & Entertainment IndexPay Governance LLC
Visa Inc.140%PSU 50 · RSU 25 · Options 25Yes — Relative TSR vs. S&P 500Meridian
Wal-Mart Inc.112%not disclosedNoFarient Advisors LLC
Yum! Brands Inc.68%PSU 50 · RSU 25 · Options 25Yes — TSR relative to S&P 500 Consumer Discretionary IndexMeridian Compensation Partners, LLC

Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.

FAQ

Frequently asked questions

Who was the highest-paid executive at McDonald's Corp in fiscal 2025?
As disclosed, Christopher Kempczinski was the highest-paid executive at McDonald's Corp in fiscal 2025 with total compensation of $20,574,525.
How does McDonald's Corp's chief executive pay compare to its disclosed peer group?
The filing shows that Christopher Kempczinski's pay placed him at the 14th percentile among disclosed peers.
What is McDonald's Corp's CEO-to-median employee pay ratio?
The company reported a CEO-to-median employee pay ratio of 1082:1 for fiscal 2025.
How did shareholders vote on McDonald's Corp's executive compensation?
Shareholders voted in favor of the executive compensation plan with 94.69% support in the latest vote.
How much does McDonald's Corp spend in total on board compensation for fiscal 2025?
The total board compensation for fiscal 2025 was $3,695,114 as disclosed.

Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Christopher KempczinskiDEF 14A2026-04-070001193125-26-145548Section “Compensation Tables”. As printed: 20,574,525. Filing ↗machine: r4 · c25 · span 2683025–2683035
2Section 01, Ian BordenDEF 14A2026-04-070001193125-26-145548Section “Compensation Tables”. As printed: 8,589,731. Filing ↗machine: r9 · c25 · span 2733417–2733426
3Section 01, Gillian McDonaldDEF 14A2026-04-070001193125-26-145548Section “Compensation Tables”. As printed: 6,061,987. Filing ↗machine: r14 · c25 · span 2783977–2783986
4Section 01, Joseph ErlingerDEF 14A2026-04-070001193125-26-145548Section “Compensation Tables”. As printed: 5,726,650. Filing ↗machine: r19 · c25 · span 2834342–2834351
5Section 01, Manuel JM SteijaertDEF 14A2026-04-070001193125-26-145548Section “Compensation Tables”. As printed: 4,978,365. Filing ↗machine: r24 · c25 · span 2884868–2884877
6Section 03, Christopher Kempczinski OPTIONDEF 14A2026-04-070001193125-26-145548Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t153 · r4 · c13 · span 2678233–2678242
7Section 03, Christopher Kempczinski PSUDEF 14A2026-04-070001193125-26-145548Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t153 · r4 · c9 · span 2676635–2676644
8Section 03, Joseph Erlinger OPTIONDEF 14A2026-04-070001193125-26-145548Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t153 · r19 · c13 · span 2829552–2829561
9Section 03, Gillian McDonald PSUDEF 14A2026-04-070001193125-26-145548Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t153 · r14 · c9 · span 2777589–2777598
10Section 03, Gillian McDonald OPTIONDEF 14A2026-04-070001193125-26-145548Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t153 · r14 · c13 · span 2779187–2779196
11Section 03, Manuel JM Steijaert PSUDEF 14A2026-04-070001193125-26-145548Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t153 · r24 · c9 · span 2878480–2878489
12Section 03, Ian Borden PSUDEF 14A2026-04-070001193125-26-145548Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t153 · r9 · c9 · span 2727027–2727036
13Section 03, Ian Borden OPTIONDEF 14A2026-04-070001193125-26-145548Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t153 · r9 · c13 · span 2728625–2728634
14Section 03, Manuel JM Steijaert OPTIONDEF 14A2026-04-070001193125-26-145548Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t153 · r24 · c13 · span 2880078–2880087
15Section 03, Joseph Erlinger PSUDEF 14A2026-04-070001193125-26-145548Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t153 · r19 · c9 · span 2827954–2827963
16Section 07, pay ratioDEF 14A2026-04-070001193125-26-145548Section “CEO Pay Ratio”. As printed: 1082 : 1. Filing ↗machine: span 4455557–4455562
17Section 08, Miles WhiteDEF 14A2026-04-070001193125-26-145548Section “Director Compensation”. As printed: 415,000. Filing ↗
18Section 08, Catherine EngelbertDEF 14A2026-04-070001193125-26-145548Section “Director Compensation”. As printed: 370,000. Filing ↗
19Section 08, Lloyd DeanDEF 14A2026-04-070001193125-26-145548Section “Director Compensation”. As printed: 365,000. Filing ↗
20Section 08, Paul WalshDEF 14A2026-04-070001193125-26-145548Section “Director Compensation”. As printed: 365,000. Filing ↗
21Section 08, Michael HsuDEF 14A2026-04-070001193125-26-145548Section “Director Compensation”. As printed: 340,000. Filing ↗
22Section 08, Anthony CapuanoDEF 14A2026-04-070001193125-26-145548Section “Director Compensation”. As printed: 340,000. Filing ↗
23Section 08, Margaret GeorgiadisDEF 14A2026-04-070001193125-26-145548Section “Director Compensation”. As printed: 340,000. Filing ↗
24Section 08, Kareem DanielDEF 14A2026-04-070001193125-26-145548Section “Director Compensation”. As printed: 340,000. Filing ↗
25Section 08, Jennifer TaubertDEF 14A2026-04-070001193125-26-145548Section “Director Compensation”. As printed: 340,000. Filing ↗
26Section 08, Amy WeaverDEF 14A2026-04-070001193125-26-145548Section “Director Compensation”. As printed: 340,000. Filing ↗
27Section 08, John MulliganDEF 14A2026-04-070001193125-26-145548Section “Director Compensation”. As printed: 140,114. Filing ↗
28Section 08, James Farley JrDEF 14A2026-04-070001193125-26-145548Section “Director Compensation”. As printed: 0. Filing ↗
29Section 08, Christopher KempczinskiDEF 14A2026-04-070001193125-26-145548Section “Director Compensation”. As printed: 0. Filing ↗
30Section 02, Joseph Erlinger 2026-04-10Form 42026-04-130001685800-26-000009Insider equity transaction reported since the proxy statement. Filing ↗
31Section 02, Joseph Erlinger 2026-04-10Form 42026-04-130001685800-26-000009Insider equity transaction reported since the proxy statement. Filing ↗
32Section 02, Joseph Erlinger 2026-04-10Form 42026-04-130001685800-26-000009Insider equity transaction reported since the proxy statement. Filing ↗
33Section 02, Joseph Erlinger 2026-04-23Form 42026-04-230001685800-26-000011Insider equity transaction reported since the proxy statement. Filing ↗
34Section 02, Joseph Erlinger 2026-05-26Form 42026-05-270001685800-26-000013Insider equity transaction reported since the proxy statement. Filing ↗
35Section 02, Desiree Ralls-Morrison 2026-05-28Form 42026-06-010001723937-26-000005Insider equity transaction reported since the proxy statement. Filing ↗
36Section 02, Joseph Erlinger 2026-06-10Form 42026-06-100001685800-26-000015Insider equity transaction reported since the proxy statement. Filing ↗
37Section 02, Joseph Erlinger 2026-06-10Form 42026-06-100001685800-26-000015Insider equity transaction reported since the proxy statement. Filing ↗
38Section 02, Joseph Erlinger 2026-06-10Form 42026-06-100001685800-26-000015Insider equity transaction reported since the proxy statement. Filing ↗
39Section 06, 2026 voteForm 8-K2026-05-220000063908-26-000055Item 5.07 · say-on-pay result. As reported: 94.69% (votes for as printed: 478,236,845). Filing ↗
40Section 06, 2025 voteForm 8-K2025-05-230000063908-25-000029Item 5.07 · say-on-pay result. As reported: 93.84% (votes for as printed: 477,245,245). Filing ↗
41Section 06, 2024 voteForm 8-K2024-05-240000063908-24-000102Item 5.07 · say-on-pay result. As reported: 92.76% (votes for as printed: 461,863,204). Filing ↗
42Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
43Section 03b vehicle mix (computed)ComputedcomputedRSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
44Section 09b board cost (computed)ComputedcomputedCash 1,401,484 + equity 2,128,630 + all other 165,000 = 3,695,114, summed across the director compensation table rows.machine: formula: Σ = 3,695,114
45The Walt Disney Company, Section 10b CEO totalDEF 14A2026-01-220001744489-26-000013CEO total compensation as printed in The Walt Disney Company's own proxy. As printed: 45,842,574. Filing ↗machine: r3 · c27 · span 1324221–1324231
46NIKE, Inc., Section 10b CEO totalDEF 14A2026-07-150000320187-26-000089CEO total compensation as printed in NIKE, Inc.'s own proxy. As printed: 36,340,876. Filing ↗machine: t55 · r2 · c10 · span 647557–647567
47Mastercard Incorporated, Section 10b CEO totalDEF 14A2026-04-270001141391-26-000021CEO total compensation as printed in Mastercard Incorporated's own proxy. As printed: 35,422,518. Filing ↗machine: r3 · c54 · span 1446723–1446733
48Visa Inc., Section 10b CEO totalDEF 14A2025-12-080001308179-25-000635CEO total compensation as printed in Visa Inc.'s own proxy. As printed: 31,560,660. Filing ↗machine: t249 · span 1369402–1369412
49The Coca-Cola Company, Section 10b CEO totalDEF 14A2026-03-160001104659-26-028215CEO total compensation as printed in The Coca-Cola Company's own proxy. As printed: 31,208,165. Filing ↗machine: t286 · r11 · c26 · span 3291227–3291237
50Starbucks Corporation, Section 10b CEO totalDEF 14A2026-01-260001213900-26-007780CEO total compensation as printed in Starbucks Corporation's own proxy. As printed: 30,992,773. Filing ↗machine: span 2373800–2373810
51Wal-Mart Inc., Section 10b CEO totalDEF 14A2026-04-230001193125-26-173673CEO total compensation as printed in Wal-Mart Inc.'s own proxy. As printed: 29,240,930. Filing ↗machine: r4 · c16 · span 3840466–3840476
52Mondelez International, Inc., Section 10b CEO totalDEF 14A2026-04-030001628280-26-023640CEO total compensation as printed in Mondelez International, Inc.'s own proxy. As printed: 24,516,114. Filing ↗machine: r2 · c9 · span 2504218–2504228
53PepsiCo, Inc., Section 10b CEO totalDEF 14A2026-03-270001308179-26-000169CEO total compensation as printed in PepsiCo, Inc.'s own proxy. As printed: 23,903,545. Filing ↗machine: r2 · c20 · span 826280–826290
54Marriott International, Inc., Section 10b CEO totalDEF 14A2026-03-270001140361-26-011590CEO total compensation as printed in Marriott International, Inc.'s own proxy. As printed: 22,970,926. Filing ↗machine: r2 · c28 · span 1165120–1165130
55The Procter & Gamble Company, Section 10b CEO totalDEF 14A2025-08-290001193125-25-191749CEO total compensation as printed in The Procter & Gamble Company's own proxy. As printed: 21,909,816. Filing ↗machine: t160 · r6 · c44 · span 892224–892234
56Target Corporation, Section 10b CEO totalDEF 14A2026-04-270001628280-26-027508CEO total compensation as printed in Target Corporation's own proxy. As printed: 21,830,088. Filing ↗machine: r2 · c8 · span 2775825–2775836
57Yum! Brands Inc., Section 10b CEO totalDEF 14A2026-04-030001193125-26-142078CEO total compensation as printed in Yum! Brands Inc.'s own proxy. As printed: 20,861,526. Filing ↗machine: t86 · r7 · c11 · span 1988224–1988234
58McDonald's Corp (subject), Section 10b CEO totalDEF 14A2026-04-070001193125-26-145548CEO total compensation as printed in McDonald's Corp's own proxy. As printed: 20,574,525. Filing ↗machine: r4 · c25 · span 2683025–2683035
59Colgate Palmolive Company, Section 10b CEO totalDEF 14A2026-03-250001308179-26-000136CEO total compensation as printed in Colgate Palmolive Company's own proxy. As printed: 16,478,196. Filing ↗machine: t137 · r1 · c18 · span 723853–723863
60The Kraft-Heinz Company, Section 10b CEO totalDEF 14A2026-04-030001193125-26-141397CEO total compensation as printed in The Kraft-Heinz Company's own proxy. As printed: 10,748,810. Filing ↗machine: r3 · c18 · span 3154939–3154949
61Section 10a, Wal-Mart Inc. reciprocityDEF 14A0001193125-26-173673Wal-Mart Inc. names McDonald's Corp in its own disclosed peer group (read from its most recent proxy). Filing ↗
62Section 10a, Mastercard Incorporated reciprocityDEF 14A0001141391-26-000021Mastercard Incorporated's most recent proxy was read; its disclosed peer group does not include McDonald's Corp. Filing ↗
63Section 10a, Yum! Brands Inc. reciprocityDEF 14A0000950170-25-051113Yum! Brands Inc. names McDonald's Corp in its own disclosed peer group (read from its most recent proxy). Filing ↗
64Section 10a, The Procter & Gamble Company reciprocityDEF 14A0001193125-25-191749The Procter & Gamble Company names McDonald's Corp in its own disclosed peer group (read from its most recent proxy). Filing ↗
65Section 10a, Visa Inc. reciprocityDEF 14A0001308179-25-000635Visa Inc.'s most recent proxy was read; its disclosed peer group does not include McDonald's Corp. Filing ↗
66Section 10a, Target Corporation reciprocityDEF 14A0001628280-26-027508Target Corporation names McDonald's Corp in its own disclosed peer group (read from its most recent proxy). Filing ↗
67Section 10a, Mondelez International, Inc. reciprocityDEF 14A0001628280-26-023640Mondelez International, Inc. names McDonald's Corp in its own disclosed peer group (read from its most recent proxy). Filing ↗
68Section 10a, Starbucks Corporation reciprocityDEF 14A0001213900-26-007780Starbucks Corporation's most recent proxy was read; its disclosed peer group does not include McDonald's Corp. Filing ↗
69Section 10a, The Coca-Cola Company reciprocityDEF 14A0001104659-26-028215The Coca-Cola Company names McDonald's Corp in its own disclosed peer group (read from its most recent proxy). Filing ↗
70Section 10a, The Walt Disney Company reciprocityDEF 14A0001744489-26-000013The Walt Disney Company's most recent proxy was read; its disclosed peer group does not include McDonald's Corp. Filing ↗
71Section 10a, Marriott International, Inc. reciprocityDEF 14A0001140361-26-011590Marriott International, Inc. names McDonald's Corp in its own disclosed peer group (read from its most recent proxy). Filing ↗
72Section 10a, The Kraft-Heinz Company reciprocityDEF 14A0001193125-26-141397The Kraft-Heinz Company's most recent proxy was read; its disclosed peer group does not include McDonald's Corp. Filing ↗
73Section 10a, NIKE, Inc. reciprocityDEF 14A0000320187-26-000089NIKE, Inc. names McDonald's Corp in its own disclosed peer group (read from its most recent proxy). Filing ↗