Mastercard Board Member Bracher Gets Stock Grant with 4-Year Lock-Up

Rhea-AI Filing Summary

Mastercard Director Candido Bracher received a restricted stock award of 458 shares of Class A Common Stock on June 24, 2025. The shares were fully vested upon grant but are subject to transfer restrictions until June 24, 2029.

Key details of the transaction:

• Transaction involved direct ownership of shares
• The restricted stock was granted at $0 cost to the director
• Total beneficial ownership following the transaction: 2,958.766 shares (including 0.766 shares from previous dividend reinvestment)
• Form 4 was filed within the required two business days of the transaction

This insider transaction represents standard board of director compensation through equity awards, aligning the director's interests with shareholders through a four-year transfer restriction period.

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
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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^*

Bracher Candido

(Last) (First) (Middle)

2000 PURCHASE STREET

(Street)

PURCHASE NY 10577

(City) (State) (Zip)

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)

3. Date of Earliest Transaction (Month/Day/Year)
06/24/2025

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

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

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

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	06/24/2025		A		458(1)	A	$0	2,958.766(2)	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 24, 2025, the date of grant, but is subject to transfer restrictions until June 24, 2029.

2. Reflects an addition of 0.766 shares of Class A Common Stock acquired pursuant to a previous dividend reinvestment.

Remarks:

Exhibit 24: Power of Attorney is attached.

	/s/ Craig Brown, as attorney-in-fact for Candido Bracher, pursuant to a power of attorney dated June 23, 2025	06/26/2025
	** 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.

FAQ

How many Mastercard (MA) shares did Director Candido Bracher receive on June 24, 2025?

Director Candido Bracher received 458 shares of Mastercard Class A Common Stock as a restricted stock award on June 24, 2025. While these shares were fully vested upon grant, they remain subject to transfer restrictions until June 24, 2029.

What is the total number of Mastercard (MA) shares owned by Candido Bracher after the June 2025 transaction?

Following the transaction, Candido Bracher directly owned 2,958.766 shares of Mastercard Class A Common Stock. This total includes the new 458 restricted shares plus 0.766 shares previously acquired through dividend reinvestment.

When do the transfer restrictions expire on Bracher's MA restricted stock award from June 2025?

The transfer restrictions on Candido Bracher's restricted stock award will expire on June 24, 2029, four years after the grant date, although the shares were fully vested upon grant on June 24, 2025.

What was the purchase price for Mastercard (MA) shares granted to Director Bracher in June 2025?

The restricted stock award was granted to Director Bracher at $0 cost, as indicated in the filing under the 'Price' column for the Class A Common Stock transaction.