Sundar PichaiSundar Pichai earned $164M in 2023

Michael Miebach is the CEO of Mastercard since January 2021, following a seamless leadership transition from Ajay Banga. Before this role, he was the President of Mastercard and served as Chief Product Officer. Miebach has a solid track record in...

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Michael Miebach

CEO of Mastercard

Education

Bachelor's degree in International Business from the University of Toronto

Field of Expertise

Business & Management

Sector of Economy

Financial Services

Born

January 1, 1967 - 58 years ago

CEO of Mastercard for

4 years 4 months (Jan 2021 - Present)

Previous Experience

Chief Product Officer at Mastercard, President of Middle East and Africa at Mastercard

Holdings

See how much did Michael Miebach make over time.

Michael Miebach's holdings in Mastercard are impressive. He owns more than 82,000 shares of Class A Common Stock, totaling around $39.6 million in value. This wealth represents a solid investment in the company he leads. Miebach has actively managed his...

Total Stock Sold

$32.22M

MA

$32.22M

86,929 MA shares

What if they kept their stock?

If Michael Miebach didn't sell their stock, today they would have:
Extra MA86,929 shares worth $25.27M.
This is -21.57% and $6.95M less than what they got when they sold the stock.

Insider Trading

See recent insider trades of Michael Miebach.

MA

$3.74M

MA at $475.97/share

Mar 15, 2024

Sale

MA

40,607 shares

MA

Mar 1, 2024

Received

MA

$3.74M

MA at $475.77/share

Mar 1, 2024

Sale

MA

$3.69M

MA at $470.17/share

Feb 16, 2024

Sale

MA

14,581 shares

MA

Mar 1, 2023

Received

MA

$6.43M

MA at $377.03/share

Jan 27, 2023

Sale

MA

8,792 shares

MA

Mar 1, 2022

Received

MA

$3.95M

MA at $370.00/share

Nov 15, 2021

Sale

MA

9,177 shares

MA

Feb 28, 2021

Received

MA

$2.92M

MA at $347.00/share

Nov 9, 2020

Sale

Compensation History

See how much did Michael Miebach make over time.

In 2023, Michael Miebach received a total compensation of approximately $25.7 million. This includes a base salary of $1.25 million, which is notably higher than when he first started as CEO. He was awarded a performance-based bonus of $4.06 million, based on achieving 116% of the company's targets for the year. Interestingly, he did not receive any vested stock for his compensation this year, instead relying on stock options worth $3.95 million, which are set to vest in the future. His additional earnings include about $314,000 for other benefits, which cover perks and retirement contributions. Miebach's compensation not only reflects his leadership but is also tied closely to Mastercard's performance, aligning his interests with those of the company's shareholders and ensuring he is motivated to drive growth.

Year

2023

Total Compensation

$5.62M

Salary

$1.25M

Board Justification

Mastercard's compensation philosophy emphasizes aligning executive compensation with performance metrics, including financial, ESG, and strategic objectives, to attract and retain top talent.

Bonus

$4.06M

Board Justification

Annual incentive compensation based on performance metrics including adjusted net income and adjusted net revenue, with a corporate score of 116% of target for 2023.

Other

$314.09K

Board Justification

Includes perquisites and other personal benefits, company contributions to defined contribution plans, and insurance premiums.

Restricted Stock

$0.00(0 N/A)

Board Justification

No vested stock reported for 2023, only stock grants that are yet to vest.

Performance Metrics

Adjusted net income and adjusted net revenue, with a corporate score of 116% of target for 2023.

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