Mastercard (MA) director uses 1,641 shares to cover tax liability
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Mastercard director Rima Qureshi reported a routine tax-related share disposition. On the settlement of previously vested deferred stock units, 1,641 shares of Class A Common Stock were withheld at $495.51 per share to cover tax liabilities, rather than sold in the open market. Following this, she holds 6,828 shares directly and 12,803 shares indirectly through a company she solely owns and controls.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Qureshi Rima
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 1,641 | $495.51 | $813K |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 6,828 shares (Direct, null);
Class A Common Stock — 12,803 shares (Indirect, See footnote below)
Footnotes (1)
- Represents withholding of shares to pay tax liability incident to the settlement for a U.S. non-resident director of previously fully vested deferred stock units. Reflects a subtraction of 720 shares to reflect the correction of a previous inadvertent typographical error. Reflects an addition of 720 shares to reflect the correction of a previous inadvertent typographical error. The shares are directly held by a company solely-owned and controlled by the reporting person.
Key Figures
Shares withheld for taxes: 1,641 shares
Withholding price per share: $495.51 per share
Direct holdings after transaction: 6,828 shares
+1 more
4 metrics
Shares withheld for taxes
1,641 shares
Tax-withholding disposition on Class A Common Stock
Withholding price per share
$495.51 per share
Value used for 1,641 withheld shares
Direct holdings after transaction
6,828 shares
Class A Common Stock held directly by Rima Qureshi
Indirect holdings after transaction
12,803 shares
Class A shares held via a company she solely owns and controls
Key Terms
withholding of shares, tax liability, deferred stock units, indirect ownership
4 terms
tax liability financial
"withholding of shares to pay tax liability incident to the settlement"
deferred stock units financial
"settlement for a U.S. non-resident director of previously fully vested deferred stock units"
Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.
indirect ownership financial
"The shares are directly held by a company solely-owned and controlled by the reporting person."
FAQ
What insider transaction did Mastercard (MA) director Rima Qureshi report?
Rima Qureshi reported a routine tax-withholding disposition. Mastercard withheld 1,641 Class A shares at $495.51 each to cover taxes tied to vested deferred stock units, rather than executing an open-market sale.
What are Rima Qureshi’s Mastercard (MA) holdings after this Form 4 transaction?
After the tax-withholding transaction, Qureshi directly holds 6,828 Mastercard Class A shares. She also indirectly holds 12,803 shares through a company that is solely owned and controlled by her, according to the filing’s footnotes.
Was the Mastercard (MA) insider transaction an open-market sale?
No, it was not an open-market sale. The 1,641 shares noted in the Form 4 were withheld by Mastercard to satisfy tax liabilities associated with vested deferred stock units, classified as a tax-withholding disposition under transaction code F.
What does transaction code F mean in Mastercard (MA) director’s Form 4?
Transaction code F indicates payment of tax liability or exercise price using shares. In this case, 1,641 Mastercard shares were withheld to cover the director’s tax obligations from settling previously vested deferred stock units, rather than being voluntarily sold.