Form 4: Mastercard CEO Michael Miebach Reports Share Disposal for Tax Obligations
SEC Form 4 Filing
Michael Miebach, CEO of Mastercard, disposed of 452 shares to cover tax liabilities related to previously granted restricted stock units.
Summary
- On October 1, 2024, Mastercard CEO Michael Miebach disposed of 452 shares of Class A Common Stock to cover tax obligations.
- The shares were disposed of at a price of $495.57 per share.
- Following the transaction, Miebach directly owns 81,651.948 shares of Mastercard Class A Common Stock.
Sentiment
Score: 7
Explanation: The sentiment is neutral as the filing relates to a routine transaction for tax purposes. It doesn't indicate any fundamental change in the company's performance or outlook.
Industry Context
Executive share transactions are a common occurrence in publicly traded companies, often related to compensation and tax planning. This transaction is a routine part of executive compensation and does not necessarily indicate a change in the company's outlook.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a small percentage of the CEO's holdings and is related to tax obligations.
Key Dates
| Date | Description |
|---|---|
| March 19, 2019 | Date of power of attorney granted to Craig Brown. |
| October 01, 2024 | Date of share disposal transaction. |
| October 03, 2024 | Date of signature on the Form 4 filing. |
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