Form 4: Mastercard Director Lance Uggla Reports Share Withholding for Tax Obligations

Director Lance Uggla reports withholding of 74 Class A Common Stock shares to cover tax liabilities related to vested deferred stock units.

Summary

• On June 16, 2024, Lance Darrell Gordon Uggla, a director of Mastercard Inc, had 74 shares of Class A Common Stock withheld to cover tax liabilities.
• The shares were withheld at a price of $443.08 per share.
• Following the transaction, Uggla directly owns 8,329 shares of Mastercard Class A Common Stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to executive compensation and tax obligations, which is neutral to slightly positive as it indicates the executive is receiving compensation.

Industry Context

This is a routine transaction related to executive compensation and tax obligations, common among publicly traded companies like Mastercard.

Comparison to Industry Standards

• Share withholding for tax obligations is a standard practice in executive compensation across various industries.
• Companies like Visa, American Express, and PayPal also utilize similar mechanisms for managing executive equity compensation and associated tax liabilities.
• The specific number of shares withheld and the price per share are unique to the individual's compensation package and the company's stock performance.

Stakeholder Impact

• The transaction has minimal direct impact on shareholders, employees, customers, suppliers, or creditors as it is a standard executive compensation matter.

Key Dates