Mastercard said the Human Resources and Compensation Committee of its Board of Directors approved an adjustment to the base salary of Chief Executive Officer Michael Miebach, from $1,250,000 to $1,400,000, on February 6, 2025.

1. 01

   Mastercard said the Human Resources and Compensation Committee of its Board of Directors approved an adjustment to the base salary of Chief Executive Officer Michael Miebach, from $1,250,000 to $1,400,000, on February 6, 2025.

2. 02

   The company said Michael Miebach's target annual incentive bonus opportunity is being adjusted from 200% of base salary in 2024 to 250% of base salary in 2025. The 2025 percentage is calculated based on the new base salary.

3. 03

   The company said the Human Resources and Compensation Committee of the Board approved the adjustment on February 6, 2025, and the adjustment takes effect on March 1, 2025.

4. 04

   The company said it filed this FORM 8-K under Item 5.02 covering changes to executive compensation arrangements. The report is dated February 10, 2025, and Corporate Secretary Adam Zitter signed it.

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