Director at Mastercard (MA) receives 509-share restricted stock award

Rhea-AI Filing Summary

Goh Choon Phong reported acquisition or exercise transactions in this Form 4 filing.

Mastercard director Goh Choon Phong received a grant of 509 shares of Class A common stock as a restricted stock award on June 16, 2026. The award was fully vested on the grant date but cannot be transferred until June 16, 2030. Following this grant, he directly holds 6,310 shares.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Goh Choon Phong

Role null

Type	Security	Shares	Price	Value
Grant/Award	Class A Common Stock	509	$0.00	--

Holdings After Transaction: Class A Common Stock — 6,310 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Restricted stock award: 509 shares Grant price: $0.0000 per share Shares held after grant: 6,310 shares +1 more

4 metrics

Restricted stock award 509 shares Class A Common Stock granted June 16, 2026

Grant price $0.0000 per share Compensation grant, no cash paid

Shares held after grant 6,310 shares Direct holdings following June 16, 2026 transaction

Transfer restriction end date June 16, 2030 Restriction period for the 509 restricted shares

Key Terms

restricted stock award, transfer restrictions, Class A Common Stock

3 terms

restricted stock award financial

"Represents restricted stock award that was fully vested on June 16, 2026"

A restricted stock award is company shares given to an employee or executive that cannot be sold or fully owned until certain conditions—like staying with the company for a set time or hitting performance targets—are met. Think of it as a gift that only becomes yours after you fulfill specific obligations; for investors, these awards matter because they can increase the total shares outstanding when they vest, reveal how management is being paid and motivated, and create potential selling pressure when restrictions lift.

transfer restrictions regulatory

"but is subject to transfer restrictions until June 16, 2030"

Transfer restrictions are legal or contractual limits that prevent or delay selling, gifting, or otherwise moving ownership of a security. Think of them like a temporary lock on a share that can be imposed by law, a contract, or a registrar: they matter to investors because they reduce liquidity, can delay when holders can realize cash, and often affect a security’s market value and attractiveness to buyers.

Class A Common Stock financial

"security_title: Class A Common Stock"

Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.

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Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Goh Choon Phong

(Last) (First) (Middle)

2000 PURCHASE STREET

(Street)

PURCHASE NEW YORK 10577

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Mastercard Inc [ MA ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/16/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	06/16/2026		A		509(1)	A	$0	6,310	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents restricted stock award that was fully vested on June 16, 2026, the date of grant, but is subject to transfer restrictions until June 16, 2030.

Remarks:

	/s/ Craig Brown, as attorney-in-fact for Choon Phong Goh, pursuant to a power of attorney dated June 23, 2025	06/18/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Mastercard (MA) report for Goh Choon Phong?

Mastercard reported that director Goh Choon Phong received an award of 509 shares of Class A common stock. The award was granted as restricted stock and increased his directly held stake to 6,310 shares after the transaction.

Was the Mastercard (MA) insider award to Goh Choon Phong immediately vested?

Yes. The 509-share restricted stock award to Goh Choon Phong was fully vested on June 16, 2026, the grant date. Although vested, the shares remain subject to transfer restrictions for several years after the grant.

Are there transfer restrictions on Goh Choon Phong’s new Mastercard (MA) shares?

Yes. The 509 restricted shares granted to Goh Choon Phong are subject to transfer restrictions until June 16, 2030. He owns the shares and they are vested, but he generally cannot transfer them before that date.

How many Mastercard (MA) shares does Goh Choon Phong hold after this Form 4?

After the restricted stock grant, Goh Choon Phong directly holds 6,310 shares of Mastercard Class A common stock. This total reflects his position immediately following the June 16, 2026 award transaction reported in the Form 4.

Was the Mastercard (MA) insider award a market purchase or compensation grant?

The transaction was a compensation-related grant, not a market purchase. The Form 4 uses code “A” for a grant or award acquisition, and the price per share is shown as zero, indicating no cash was paid for the shares.