Item 4. Mine Safety Disclosures

15K characters. Original on sec.gov · Markdown

Item 4. Mine Safety Disclosures

Not applicable.

MASTERCARD 2021 FORM 10-K 37

PART I

EXECUTIVE OFFICERS

Information about our executive officers

(as of February 11, 2022)

Name Current PositionAgePrevious Mastercard ExperiencePrevious Business Experience
Ajay BhallaPresident, Cyber and**Intelligence Solutionssince November 201856President, Enterprise Security Solutions (2014-2018) President, Digital Gateway Services (2011-2013) President, South Asia and Southeast Asia (2008-2011) Various senior leadership positions, including President, Southeast Asia; Country Manager, Singapore and Head of Marketing, Southeast Asia; Vice PresidentVarious leadership positions at HSBC and Xerox Corporation
Ann CairnsVice Chairmansince June 201865President, International (2011-2018)Managing director, Alvarez & Marsal CEO, ABN AMRO Senior corporate and investment banking roles at Citigroup
Gilberto Caldart Vice Chairman, Senior Client Partnerships and Relationships since January 202262President, International (2018-2021) President, Latin America and Caribbean region (2013-2018) Division President, South Latin America/Brazil (2008-2013)Various leadership positions at Citigroup, including Country Business Manager, Brazil
Michael FraccaroChief People Officersince July 201656Executive Vice President, Human Resources, Global Products and Solutions (2014-2016) Senior Vice President, Human Resources, Global Products and Solutions (2012-2014)Various executive-level human resources positions at HSBC Group, Hong Kong (2000-2012) Various senior human resources positions in banking and financial services in Australia and the Middle East
Michael Froman Vice Chairman and President, Strategic Growth since April 201859Mr. Froman joined the Company in 2018 in his current roleU.S. Trade Representative in the Executive Office of President Obama (2013-2017) Assistant to the President and Deputy National Security Advisor for International Economic Policy (2009-2013) Various senior leadership positions at Citigroup, including CEO, CitiInsurance and COO of Citigroup’s alternative investments business

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PART I

EXECUTIVE OFFICERS

Name Current PositionAgePrevious Mastercard ExperiencePrevious Business Experience
Linda Kirkpatrick President, North America since January 202145President, U.S. Issuers (2020) Executive Vice President, Merchants and Acceptance (2016-2020) Senior Vice President, Core Merchants (2013-2016) Senior Vice President, Franchise Development (2011-2013) Vice President, U.S. Region (2008-2011) Vice President, Investor Relations
Edward McLaughlinPresident, Operations and Technologysince May 201756Chief Information Officer (2016-2017) Chief Emerging Payments Officer (2010-2015) Various senior leadership roles, including Chief Franchise Development Officer and Senior Vice President, Bill Payment and HealthcareGroup Vice President, Product and Strategy, Metavante Corporation Co-Founder and CEO, Paytrust, Inc.
Sachin MehraChief Financial Officersince April 201951Chief Financial Operations Officer (2018-2019) Executive Vice President, Commercial Products (2015-2018) Executive Vice President and Business Financial Officer, North America (2013-2015) Corporate Treasurer (2010-2013)Various senior positions at Hess Corporation, including Vice President and Treasurer Various senior treasury and finance positions, General Motors Corporation and GMAC
Michael Miebach President and Chief Executive Officer since January 202154President (2020) Chief Product Officer (2016-2020) President, Middle East and Africa (2010-2015)Managing Director, Middle East and North Africa and Managing Director, Sub-Saharan Africa, Barclays Bank PLC Various executive positions at Citigroup in Germany, Austria, U.K. and Turkey
Tim MurphyChief Administrative Officersince April 202154General Counsel (2014-2021) Chief Product Officer (2009-2014) Various senior leadership roles, including President, U.S. Region; Executive Vice President, Customer Business Planning and Analysis; and Senior Vice President and Associate General CounselAssociate, Cleary, Gottlieb, Steen and Hamilton, New York and London
Raja RajamannarChief Marketing and Communications Officer and President, Healthcaresince January 201660Chief Marketing Officer (2013-2015)Executive Vice President-Senior Business and Chief Transformation Officer, Anthem (formerly, WellPoint, Inc.) (2012- 2013) Senior Vice President and Chief Innovation and Marketing Officer, Humana Inc. (2009-2012) Various management positions at Citigroup, including Executive Vice President and Chief Marketing Officer-Citi Global Cards

MASTERCARD 2021 FORM 10-K 39

PART I

EXECUTIVE OFFICERS

Name Current PositionAgePrevious Mastercard ExperiencePrevious Business Experience
Raj SeshadriPresident, Data and Servicessince January 202056President, U.S. Issuers (2016-2019)Managing Director, Head of iShares U.S. Wealth Advisory business, BlackRock (2014-2016) Managing Director, Global Marketing Officer of iShares, BlackRock, Inc. (2012-2014) Various leadership positions at Citigroup, U.S. Trust Company and McKinsey & Company, Inc.
Kevin StantonChief Transformation Officersince January 202060Chief Services Officer (2018-2019) President, Mastercard Advisors (2010-2017) Various senior leadership roles, including President, Canada; Senior Vice President, Strategy and Market Development; and Vice President, Senior Counsel and North America Region CounselVice President, Counsel, Shawmut National Corporation
Rich VermaGeneral Counsel and Head of Global Public Policysince April 202153Executive Vice President of Global Public Policy and Regulatory Affairs (2020-2021)Vice Chairman & Partner, The Asia Group (2017-2020) U.S. Ambassador to India (2014-2017) Assistant Secretary of State (2009-2011) Member, Commission on the Prevention of WMD Proliferation and Terrorism (2008) National Security Advisor to Senate Majority Leader, Harry Reid (2002-2007)
Craig VosburgChief Product Officersince January 202154President, North America (2016-2020) Chief Product Officer (2014-2015) Executive Vice President, U.S. Market Development (2010-2014) Various senior leadership roles, including Head of Mastercard Advisors, U.S. and Canada and Head of Mastercard Advisors, Southeast Asia, Greater China and South Asia/Middle East/AfricaSenior member-financial services practice, Bain & Company and A.T. Kearney Vice president, CoreStates Financial Corporation

40 MASTERCARD 2021 FORM 10-K

PART II
Item 5. Market for registrant’s common equity, related stockholder matters and issuer purchases of equity securities
Item 6. Reserved
Item 7. Management’s discussion and analysis of financial condition and results of operations
Item 7A. Quantitative and qualitative disclosures about market risk
Item 8. Financial statements and supplementary data
Item 9. Changes in and disagreements with accountants on accounting and financial disclosure
Item 9A. Controls and procedures
Item 9B. Other information

PART II

ITEM 5. MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUES PURCHASES OF EQUITY SECURITIES

Item 5. Market for registrant’s common equity, related stockholder matters and issuer purchases of equity securities

Our Class A common stock trades on the New York Stock Exchange under the symbol “MA”. At February 8, 2022, we had 71 stockholders of record for our Class A common stock. We believe that the number of beneficial owners is substantially greater than the number of record holders because a large portion of our Class A common stock is held in “street name” by brokers.

There is currently no established public trading market for our Class B common stock. There were approximately 240 holders of record of our non-voting Class B common stock as of February 8, 2022, constituting approximately 0.8% of our total outstanding equity.

Stock Performance Graph

The graph and table below compare the cumulative total stockholder return of Mastercard’s Class A common stock, the S&P 500 and the S&P 500 Financials for the five-year period ended December 31, 2021. The graph assumes a $100 investment in our Class A common stock and both of the indices and the reinvestment of dividends. Mastercard’s Class B common stock is not publicly traded or listed on any exchange or dealer quotation system.

Comparison of cumulative five-year total return

ma-20211231_g24.jpg

Total returns to stockholders for each of the years presented were as follows:

Base periodIndexed Returns
For the Years Ended December 31,
Company/Index201620172018201920202021
Mastercard$100.00$147.68$185.07$294.55$353.98$358.07
S&P 500100.00121.83116.49153.17181.35233.41
S&P 500 Financials100.00122.18106.26140.40138.02186.38

42 MASTERCARD 2021 FORM 10-K

PART II

Previous: Item 3. Legal proceedings · Next: Item 5. MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUES PURCHASES OF EQUITY SECURITIES