Form 4: Mastercard Executive Timothy H. Murphy Sells Shares Under Pre-Planned Trading Plan
SEC Form 4 Filing
Chief Administrative Officer of Mastercard, Timothy H. Murphy, sold shares of Class A Common Stock on June 3, 2024, under a pre-planned trading plan.
Summary
- Timothy H. Murphy, Chief Administrative Officer of Mastercard, sold shares of Class A Common Stock on June 3, 2024.
- The sales were executed under a pre-planned trading plan adopted on February 1, 2024, for personal financial management.
- A total of 5,241 shares were sold at weighted average prices ranging from $438.5663 to $443.0582.
- Following the transactions, Murphy directly owns 35,227.063 shares of Class A Common Stock and indirectly owns 1,000 shares through a child.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to stock sales by an executive. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider trading activity. It is common for executives to use pre-planned trading plans to sell shares to avoid accusations of trading on inside information.
Stakeholder Impact
- The stock sale may have a minor impact on shareholders due to the increased supply of shares in the market.
Key Dates
| Date | Description |
|---|---|
| 02/01/2024 | Date the pre-planned trading plan was adopted |
| 06/03/2024 | Date of the stock sale transactions |
| 06/05/2024 | Date of the Form 4 filing |
| 09/16/2014 | Date of power of attorney |
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