Mastercard Inc.
CEO Compensation Adjustment at Mastercard
Summary
On February 6, 2025, Mastercard Incorporated's Human Resources and Compensation Committee approved an increase in the base salary and target annual incentive bonus opportunity for its Chief Executive Officer, Michael Miebach, effective March 1, 2025. The new base salary is set at $1,400,000, a 12% increase from the previous $1,250,000, while the target annual incentive bonus opportunity has been raised to 250% of the new base salary.
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About Mastercard Inc.
Mastercard Inc. is a global technology company in the financial industry, renowned for its vast payment processing network. Its primary function is to facilitate electronic payments between consumers, merchants, financial institutions, governments, and businesses worldwide. Mastercard operates an extensive network that supports credit, debit, and prepaid card transactions in numerous currencies, emphasizing ease and security. The company is pivotal across multiple sectors, from retail and travel to e-commerce and fintech, where it provides innovative solutions to streamline financial transactions. Mastercard's role in the financial market is significant due to its extensive reach and commitment to innovation, including advancements in contactless payments, cybersecurity, and artificial intelligence services. With a mission to connect and power an inclusive digital economy for everyone, Mastercard plays a crucial role in furthering electronic payments' accessibility and efficiency globally. Based in New York, Mastercard has partnered with a range of financial entities, ensuring wide-reaching influence in the digital payment landscape.
Official SEC Documents
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