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Mastercard Incorporated (NYSE:MA), a global payments leader with a market capitalization of $517 billion and strong revenue growth of 12% over the past year, announced on Monday an adjustment in the compensation package for its Chief Executive Officer, Michael Miebach. According to a recent 8-K filing with the Securities and Exchange Commission, the Human Resources and Compensation Committee of the company’s Board of Directors approved an increase in both the base salary and target annual incentive bonus opportunity for Miebach.
Effective from March 1, 2025, Miebach’s base salary will be raised from $1,250,000 to $1,400,000. Additionally, his target annual incentive bonus opportunity, expressed as a percentage of his base salary, will also see an increase from 200% to 250%. This adjustment reflects a significant enhancement to the CEO’s potential earnings, contingent upon the achievement of performance goals set by the company.
The decision was made on February 6, 2025, as part of the company’s ongoing efforts to align executive compensation with performance and shareholder interests. The move comes amid a business landscape where competitive compensation packages are critical for retaining top executive leadership.
Mastercard, a leader in the global payments industry, is headquartered in Purchase, New York, and is incorporated in Delaware. The company’s securities, including Class A Common Stock and various notes, are traded on the New York Stock Exchange.
The information reported is based on the company’s official 8-K filing and does not include any speculative or forward-looking statements. It provides a current snapshot of Mastercard’s executive compensation strategy as it continues to navigate the business services sector.
In other recent news, Mastercard Incorporated has declared a quarterly cash dividend of 76 cents per share and scheduled its annual stockholders’ meeting for 2025. The company’s latest developments also include an analysis by Miuzho, predicting a modest 0.10% increase in business volume due to upcoming tariffs. Furthermore, the appointment of Treasury Secretary Scott Bessent as the acting director of the Consumer Financial Protection Bureau (CFPB) may impact financial firms, including Mastercard.
In the realm of stock analysis, RBC Capital Markets has raised its stock target for Mastercard to $650, maintaining an Outperform rating. The firm highlighted Mastercard’s strong growth prospects and resilience despite foreign exchange impacts and strategic acquisitions. In a similar vein, UBS has increased its price target for Mastercard to $660, maintaining a Buy rating. The firm cited Mastercard’s strong performance, with purchase volumes rising by 13% year-over-year, and a stable outlook for the first quarter of 2025. These are among the recent developments impacting Mastercard.
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