Summary
Mastercard Inc. (MA) announced on November 10, 2014, that a member of its Board of Directors, Marc Olivié, has entered into a pre-arranged stock trading plan (10b5-1 Plan) to sell a limited number of Class A common shares. This plan is designed for personal financial management and to comply with SEC regulations and the company's insider trading policies. The plan allows for the sale of up to 12,000 shares, stemming from vested and released deferred stock units, with sales expected to commence in early January 2015 and conclude by the end of 2015, subject to market conditions and plan terms. It's important to note that Mr. Olivié will remain subject to the company's stock ownership guidelines, requiring him to maintain a significant equity stake. All transactions will be publicly disclosed via Form 4 filings.
Key Highlights
- 1Director Marc Olivié has adopted a Rule 10b5-1 trading plan.
- 2The plan allows for the sale of a maximum of 12,000 Class A common shares.
- 3Shares to be sold are derived from vested and released deferred stock units.
- 4Sales are anticipated to occur between January 5, 2015, and December 31, 2015.
- 5The plan is intended for personal financial management and complies with SEC rules and company policy.
- 6Mr. Olivié must still adhere to director stock ownership guidelines.
- 7All sales transactions will be publicly reported on Form 4 filings.