Summary
This Form 8-K filing from Mastercard Incorporated, dated August 15, 2012, primarily announces that Chief Financial Officer Martina Hund-Mejean has entered into a pre-arranged stock trading plan (10b5-1 Plan). This plan allows for the sale of a limited number of Class A common shares, specifically around 3,600 shares, which are linked to restricted stock unit awards. The sales are intended for personal financial management purposes and are designed to comply with SEC regulations and the company's insider trading policies. The plan is scheduled to commence as early as October 8, 2012, and conclude by December 31, 2012, though it may end sooner. Importantly, Ms. Hund-Mejean remains subject to the company's executive stock ownership guidelines until age 62.
Key Highlights
- 1CFO Martina Hund-Mejean has adopted a pre-arranged stock trading plan (10b5-1 Plan).
- 2The plan allows for the sale of up to approximately 3,600 shares of Class A common stock.
- 3The shares to be sold are associated with restricted stock unit awards.
- 4Sales are for personal financial management and comply with SEC Rule 10b5-1 and company policy.
- 5Sales are expected to occur between October 8, 2012, and December 31, 2012.
- 6Ms. Hund-Mejean will continue to adhere to executive stock ownership guidelines.
- 7Transactions under the plan will be publicly disclosed via Form 4 filings.