Summary
Mastercard Inc. (MA) filed an 8-K on February 9, 2025, disclosing key changes to its Chief Executive Officer's (CEO) compensation. Effective March 1, 2025, CEO Michael Miebach will receive an increased base salary and a higher target annual incentive bonus opportunity. This reflects the committee's recognition of his contributions and aligns his compensation with performance expectations going forward. Specifically, Mr. Miebach's base salary will increase from $1,250,000 to $1,400,000. Additionally, his target annual incentive bonus opportunity will rise from 200% to 250% of his base salary. This adjustment signifies a commitment to retaining and incentivizing key leadership during a period of continued growth and strategic execution for Mastercard.
Key Highlights
- 1Mastercard CEO Michael Miebach's base salary is increasing by $150,000, from $1,250,000 to $1,400,000.
- 2The CEO's target annual incentive bonus opportunity is increasing from 200% to 250% of his base salary.
- 3These compensation adjustments are effective March 1, 2025.
- 4The Human Resources and Compensation Committee of the Board of Directors approved these changes.
- 5The filing indicates a focus on executive compensation and performance incentives.
- 6The new bonus opportunity is calculated based on the new, higher base salary.