Summary
This 8-K filing from Mastercard Inc., dated June 4, 2013, announces a pre-arranged stock trading plan established by Chief Financial Officer Martina Hund-Mejean. The plan, designed to comply with Rule 10b5-1 and company insider trading policies, allows for the sale of a limited number of Class A common stock shares, up to a maximum of 8,868 shares, which are underlying vested stock option awards. These sales are intended for personal financial management and are scheduled to commence as early as August 5, 2013, and conclude by April 15, 2014. Despite this plan, Ms. Hund-Mejean remains subject to the company's executive stock ownership guidelines, which encourage holding a significant amount of company stock. The company will publicly disclose all transactions made under this plan through Form 4 filings.
Key Highlights
- 1CFO Martina Hund-Mejean has entered into a Rule 10b5-1 trading plan.
- 2The plan allows for the sale of up to 8,868 shares of Class A common stock.
- 3These shares are tied to vested stock option awards.
- 4Sales are intended for personal financial management purposes.
- 5The trading plan is set to begin on or after August 5, 2013, and end by April 15, 2014.
- 6The CFO must still comply with executive stock ownership guidelines.