Form 4: Richard K. Davis Reports Acquisition of Mastercard Stock
SEC Form 4 Filing
Director Richard K. Davis acquired 545 shares of Mastercard Class A Common Stock on June 18, 2024, through a deferred stock unit award.
Summary
- Richard K. Davis, a director of Mastercard Inc, reported the acquisition of 545 shares of Class A Common Stock on June 18, 2024.
- The acquisition was through a deferred stock unit award.
- The deferred stock unit award was fully vested on June 18, 2024, but will be settled on June 18, 2028.
- Following the transaction, Davis beneficially owns 10,288 shares of Mastercard Class A Common Stock directly.
Sentiment
Score: 5
Explanation: This is a neutral report of a stock transaction. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Future Outlook
The deferred stock units will be settled on June 18, 2028.
Industry Context
This filing is a routine disclosure of stock ownership changes by a company insider, as required by the SEC. It provides transparency to the market regarding the actions of company executives and directors.
Stakeholder Impact
- The transaction has a minor positive impact on shareholders as it shows confidence from a director.
Key Dates
| Date | Description |
|---|---|
| 03/28/2018 | Date of power of attorney granted to Craig Brown. |
| 06/18/2024 | Date of transaction: acquisition of 545 shares through deferred stock unit award and vesting date. |
| 06/18/2028 | Settlement date for the deferred stock unit award. |
| 06/21/2024 | Date of signature on the Form 4 filing. |
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