Form 4: Mastercard Executive Venkata Madabhushi Reports Share Withholding for Tax Obligations
SEC Form 4 Filing
Chief Marketing Officer of Mastercard, Venkata Madabhushi, reports withholding of shares to cover tax liabilities related to previously granted restricted stock units.
Summary
- On October 1, 2024, Venkata Madabhushi, Chief Marketing Officer of Mastercard Inc., had 80 shares of Class A Common Stock withheld to cover tax liabilities.
- The withholding occurred at a price of $495.57 per share.
- Following the transaction, Madabhushi directly owns 12,862.79 shares of Mastercard Class A Common Stock.
Sentiment
Score: 7
Explanation: The document is a standard regulatory filing detailing a routine transaction. It doesn't contain any information that would significantly impact investor sentiment positively or negatively. The score reflects the neutral nature of the information.
Industry Context
This is a routine Form 4 filing, which is common for corporate executives who receive stock-based compensation. It provides transparency into insider transactions and helps maintain market integrity.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine tax-related share withholding.
Key Dates
| Date | Description |
|---|---|
| April 23, 2019 | Date of power of attorney granted to Craig Brown. |
| October 01, 2024 | Date of share withholding transaction. |
| October 03, 2024 | Date of signature on the report. |
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