Mastercard DEF 14A: Executive Compensation Details

TL;DR

Mastercard's DEF 14A is out, showing exec comp details for 2023. Focus on equity awards.

AI Summary

Mastercard Inc. filed its DEF 14A on April 26, 2024, detailing executive compensation for the fiscal year ending December 31, 2023. The filing includes information on equity awards granted to its Principal Executive Officer (PEO) and other named executive officers, with details on the change in fair value of outstanding equity awards and the fair value of previously granted awards that vested during the covered year.

Why It Matters

This filing provides transparency into how Mastercard compensates its top executives, which can influence investor perception and corporate governance.

Risk Assessment

Risk Level: low — This is a routine annual filing providing information on executive compensation, not indicating new risks.

Key Numbers

• 2023-12-31 — Fiscal Year End (Reporting period for executive compensation)
• 20240426 — Filing Date (Date the DEF 14A was submitted to the SEC)

Key Players & Entities

• Mastercard Inc. (company) — Filer
• 2000 PURCHASE STREET (address) — Business and Mail Address
• PURCHASE (city) — Business and Mail City
• NY (state) — Business and Mail State
• 10577 (zip_code) — Business and Mail Zip Code
• 9142492000 (phone_number) — Business Phone

FAQ

From the Filing

0001141391-24-000078.txt : 20240426 0001141391-24-000078.hdr.sgml : 20240426 20240426114152 ACCESSION NUMBER: 0001141391-24-000078 CONFORMED SUBMISSION TYPE: DEF 14A PUBLIC DOCUMENT COUNT: 165 CONFORMED PERIOD OF REPORT: 20240618 FILED AS OF DATE: 20240426 DATE AS OF CHANGE: 20240426 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Mastercard Inc CENTRAL INDEX KEY: 0001141391 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 134172551 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: DEF 14A SEC ACT: 1934 Act SEC FILE NUMBER: 001-32877 FILM NUMBER: 24880328 BUSINESS ADDRESS: STREET 1: 2000 PURCHASE STREET CITY: PURCHASE STATE: NY ZIP: 10577 BUSINESS PHONE: 9142492000 MAIL ADDRESS: STREET 1: 2000 PURCHASE STREET CITY: PURCHASE STATE: NY ZIP: 10577 FORMER COMPANY: FORMER CONFORMED NAME: MASTERCARD INC DATE OF NAME CHANGE: 20010525 DEF 14A 1 ma-20240426.htm DEF 14A ma-20240426 0001141391 DEF 14A FALSE 0001141391 2023-01-01 2023-12-31 0001141391 ma:MiebachMember 2023-01-01 2023-12-31 iso4217:USD 0001141391 ma:MiebachMember 2022-01-01 2022-12-31 0001141391 2022-01-01 2022-12-31 0001141391 ma:MiebachMember 2021-01-01 2021-12-31 0001141391 2021-01-01 2021-12-31 0001141391 ma:BangaMember 2020-01-01 2020-12-31 0001141391 2020-01-01 2020-12-31 0001141391 ecd:EqtyAwrdsInSummryCompstnTblForAplblYrMember ecd:PeoMember 2023-01-01 2023-12-31 0001141391 ecd:PeoMember ecd:YrEndFrValOfEqtyAwrdsGrntdInCvrdYrOutsdngAndUnvstdMember 2023-01-01 2023-12-31 0001141391 ecd:PeoMember ecd:ChngInFrValOfOutsdngAndUnvstdEqtyAwrdsGrntdInPrrYrsMember 2023-01-01 2023-12-31 0001141391 ecd:ChngInFrValAsOfVstngDtOfPrrYrEqtyAwrdsVstdInCvrdYrMember ecd:PeoMember 2023-01-01 2023-12-31 0001141391 ecd:FrValAsOfPrrYrEndOfEqtyAwrdsGrntdInPrrYrsFldVstngCondsDrngCvrdYrMember ecd:PeoMember 2023-01-01 2023-12-31 0001141391 ecd:EqtyAwrdsInSummryCompstnTblForAplblYrMember ecd:NonPeoNeoMember 2023-01-01 2023-12-31 0001141391 ecd:NonPeoNeoMember ecd:YrEndFrValOfEqtyAwrdsGrntdInCvrdYrOutsdngAndUnvstdMember 2023-01-01 2023-12-31 0001141391 ecd:NonPeoNeoMember ecd:ChngInFrValOfOutsdngAndUnvstdEqtyAwrdsGrntdInPrrYrsMember 2023-01-01 2023-12-31 0001141391 ecd:ChngInFrValAsOfVstngDtOfPrrYrEqtyAwrdsVstdInCvrdYrMember ecd:NonPeoNeoMember 2023-01-01 2023-12-31 0001141391 ecd:FrValAsOfPrrYrEndOfEqtyAwrdsGrntdInPrrYrsFldVstngCondsDrngCvrdYrMember ecd:NonPeoNeoMember 2023-01-01 2023-12-31 0001141391 2 2023-01-01 2023-12-31 0001141391 1 2023-01-01 2023-12-31 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 14A (Rule 14a-101) Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant   x Filed by a Party other than the Registrant   ¨ Check the appropriate box:   ¨   Preliminary Proxy Statement ¨   Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) x   Definitive Proxy Statement ¨   Definitive Additional Materials ¨   Soliciting Material under §240.14a-12 Mastercard Incorporated (Name of Registrant as Specified in its Charter) (Name of Person(s) Filing Proxy Statement, if other than Registrant) Payment of Filing Fee (Check all boxes that apply): x  No fee required ¨ Fee paid previously with preliminary materials. ¨ Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11 01 02 03 04 05 Proxy summary Strategy Corporate governance Management Committee Executive compensation 12 Proxy summary 13 Our mission and purpose and the Mastercard Way 13 Our B oard nominees 14 Our director nominees’ experience, tenure, independence and diversity 14 Director skills 15 Our engagement and transparency 15 Environmental, social and governance 16 Our performance 17 Compensation 19 Strategy 23 Corporate governance 24 Proposal 1: Election of directors 40 Board and com