What changed in this filing

/stocks — the workspaceLOADING

Item 3. Legal Proceedings

2023-02-14 compared with 2022-02-11 · 17 added, 63 removed, 104 unchanged (43% of the section changed)

19 unchanged sentences

Various leadership positions at HSBC and Xerox Corporation

Vice Chairman

since June 2018

65 President, 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 2022

62 President, 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 Fraccaro

Chief People Officer

since July 2016

56 Executive 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

5 unchanged sentences

Various senior leadership positions at Citigroup, including CEO, CitiInsurance and COO of Citigroup’s alternative investments business

38 MASTERCARD 2021 FORM 10-K

EXECUTIVE OFFICERS

Current Position Age Previous Mastercard Experience Previous Business Experience

Linda Kirkpatrick

9 unchanged sentences

Vice President, Investor Relations

Co-President International Markets

since January 2022

52 Co-President, Asia Pacific (2015-2021)

President, Enterprise Development (2014-2015)

President, Greater China (2010-2014)

Various roles at Booz Allen Hamilton and Bank of America

Raghu Malhotra

Co-President International Markets

since January 2022

53 President, Middle East and Africa (2016-2021)

Division President, Middle East and North Africa (2012-2015)

Various leadership roles (2000-2005)

Various roles at Citicorp, American Express and ANZ Grindlays Bank (1992-2000)

Edward McLaughlin

President, Operations and Technology

President and Chief Technology Officer, Mastercard Technology

since May 2017

4 unchanged sentences

Co-Founder and CEO, Paytrust, Inc.

MASTERCARD 2022 FORM 10-K 41

EXECUTIVE OFFICERS

Current Position Age Previous Mastercard Experience Previous Business Experience

Chief Financial Officer

28 unchanged sentences

Various management positions at Citigroup, including Executive Vice President and Chief Marketing Officer-Citi Global Cards

MASTERCARD 2021 FORM 10-K 39

EXECUTIVE OFFICERS

Current Position Age Previous Mastercard Experience Previous Business Experience

President, Data and Services

7 unchanged sentences

Trust Company and McKinsey & Company, Inc.

Kevin Stanton

Chief Transformation Officer

since January 2020

60 Chief 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 Counsel

Vice President, Counsel, Shawmut National Corporation

General Counsel and Head of Global Public Policy

since April 2021

53 Executive Vice President of Global Public Policy and Regulatory Affairs (2020-2021)

Vice Chairman & Partner, The Asia Group (2017-2020)

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

Craig Vosburg

18 unchanged sentences

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

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

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

Base period Indexed Returns

For the Years Ended December 31,

Company/Index 2016 2017 2018 2019 2020 2021

Mastercard $ 100.00 $ 147.68 $ 185.07 $ 294.55 $ 353.98 $ 358.07

S&P 500 100.00 121.83 116.49 153.17 181.35 233.41

S&P 500 Financials 100.00 122.18 106.26 140.40 138.02 186.38

42 MASTERCARD 2021 FORM 10-K

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-K

Item 3. Legal Proceedings