Mastercard chief services officer sells $6.1 million in stock

Craig Vosburg, Chief Services Officer at Mastercard Inc (NYSE:MA), a $503 billion market cap financial services giant with an "GREAT" InvestingPro Financial Health score, has recently sold a significant portion of the company’s shares, according to a recent SEC filing. On March 5, Vosburg sold a total of 12,802 shares of Mastercard’s Class A common stock. The sales were executed at prices ranging from $552.25 to $560.85 per share, resulting in a total transaction value of approximately $6.1 million. The stock, which has delivered a 19% return over the past year and maintains a 13-year dividend growth streak, currently trades near its 52-week high of $582.23.

In addition to the sales, Vosburg exercised options to acquire 11,002 shares at a price of $173.49 per share, totaling approximately $1.9 million. Following these transactions, Vosburg retains direct ownership of 63,073.824 shares of Mastercard.

These transactions were carried out under a pre-planned trading plan, adopted for personal financial management purposes. The plan was established in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934.

In other recent news, Mastercard reported a 14% year-over-year revenue increase for the fourth quarter of 2024, reaching $7.49 billion. This growth was driven by a 12% rise in gross dollar volume and a 20% increase in cross-border volume. Additionally, Mastercard disclosed a 12% increase in net revenue for the entire year, totaling $28.2 billion. Tigress Financial Partners raised its price target for Mastercard to $685, maintaining a Strong Buy rating, citing the company’s strong position in electronic payments and cybersecurity. In corporate developments, Mastercard appointed Tim Murphy as Vice Chair and Richard R. Verma as Chief Administrative Officer, effective May 1. The company is also considering re-entering the Russian market, following its suspension of operations there in March 2022. Mastercard has made strides in integrating blockchain technology, tokenizing 30% of its transactions in 2024, and collaborating with crypto players to facilitate cryptocurrency transactions. Furthermore, Mastercard announced an increase in CEO Michael Miebach’s base salary and bonus opportunity, reflecting the company’s focus on aligning executive compensation with performance.

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