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person · Reporting owner

Murphy Timothy H

Disclosed activity across 1 company

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11308
SEC CIK
0001602576

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Reported relationships

Latest disclosed role at each company.

CompanyLast reported asReport datePublished
Mastercard IncMA · Entity 1763Chief Administrative OfficerMarch 01, 2025March 04, 2025

Disclosed balances

About these balances

Latest available filing per company, not a reconstructed current portfolio. Matching sequences show the last reported balance with all source rows expandable; grouping alone does not establish account ownership. Do not add unresolved positions together. Filings may omit unchanged positions, and amendments may correct only part of an older disclosure. Jointly reported shares are not necessarily this owner's personal holdings.

Mastercard Inc

Report date March 01, 2025 · Filed March 04, 2025

Security / awardOwnership accountDisclosed shares / unitsDisclosure context
Class A Common StockSEC Table I · non-derivativeDirect37,176.063 Ending reported balance After 2025-03-01 transaction · row 4
4 source rows · reconciled sequence

Row 1 · 2025-03-01 · Tax withholding · Disposed 1,686 · Balance 27,443.063

F1: Represents withholding of shares to pay tax liability incident to the vesting of restricted stock units.

Row 2 · 2025-03-01 · Grant · Acquired 2,699 · Balance 30,142.063

F2: Award of restricted stock units that will vest in three (3) equal annual installments beginning March 1, 2026.

Row 3 · 2025-03-01 · Tax withholding · Disposed 4,558 · Balance 25,584.063

F3: Represents withholding of shares to pay tax liability incident to the settlement of performance stock units that were fully earned and vested on March 1, 2024, and settled on March 1, 2025.

Row 4 · 2025-03-01 · Grant · Acquired 11,592 · Balance 37,176.063

F4: Represents earned performance stock units granted on March 1, 2022 that contained performance-vesting requirements. The award was fully earned and vested on March 1, 2025, but will settle on March 1, 2026. The award is net withholding of shares to pay tax liability incident to the vesting of the award.

Employee Stock Option (right to buy)SEC Table II · derivative / convertible security · Conversion / exercise price $576.31 · Expires 2035-03-01Direct7,985 Reported balance After 2025-03-01 transaction · row 6 Instrument identity requires review; Table II rows are not merged.
1 source row

Row 6 · 2025-03-01 · Grant · Acquired 7,985 · Balance 7,985

F5: The employee stock options vest in three (3) equal annual installments beginning March 1, 2026.

Class A Common StockSEC Table I · non-derivativeIndirectBy Child1,000 Reported balance Holding disclosure · report date 2025-03-01 · row 5 Holding and transaction disclosures are not merged.
1 source row

Row 5 · Balance 1,000

Filing footnotes · ownership attribution and instrument terms

F1: Represents withholding of shares to pay tax liability incident to the vesting of restricted stock units.

F2: Award of restricted stock units that will vest in three (3) equal annual installments beginning March 1, 2026.

F3: Represents withholding of shares to pay tax liability incident to the settlement of performance stock units that were fully earned and vested on March 1, 2024, and settled on March 1, 2025.

F4: Represents earned performance stock units granted on March 1, 2022 that contained performance-vesting requirements. The award was fully earned and vested on March 1, 2025, but will settle on March 1, 2026. The award is net withholding of shares to pay tax liability incident to the vesting of the award.

F5: The employee stock options vest in three (3) equal annual installments beginning March 1, 2026.

Transaction history

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Purchases/sales include open-market and private transactions. Plan disclosure applies to the filing; individual rows may differ. “Not disclosed” is not “unplanned.”

The cutoff filters transaction history only. Company summaries and owner relationships show the latest available disclosures. Parser corrections can improve historical records.

Transaction dateCompanyActivity / securityShares / unitsReported priceReported valueDetails
May 02, 2023 Filed May 4, 2023 21:08 UTC Mastercard Inc MA · Entity 1763 SaleClass A Common Stock 2,089 $373.57 $780,387.73
Disclosure

SEC source: 0001141391-23-000078 · wk-form4_1683234471.xml · nonDerivative · entry 4

Murphy Timothy H · CIK 0001602576 · Chief Administrative Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 55,195.063

F1 · shares: The transactions reported in this Form 4 were effected pursuant to a pre-planned trading plan entered into in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934. The pre-planned trading plan was adopted by the reporting person for personal financial management purposes on January 27, 2023.

F4 · price: The price reported reflects the weighted average price of shares sold in multiple transactions at prices ranging from $373.16 to $374.10. The reporting person hereby undertakes to provide to the SEC staff, the issuer or a security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within this range.

Read SEC document
May 02, 2023 Filed May 4, 2023 21:08 UTC Mastercard Inc MA · Entity 1763 SaleClass A Common Stock 5,096 $372.54 $1,898,463.84
Disclosure

SEC source: 0001141391-23-000078 · wk-form4_1683234471.xml · nonDerivative · entry 3

Murphy Timothy H · CIK 0001602576 · Chief Administrative Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 57,284.063

F1 · shares: The transactions reported in this Form 4 were effected pursuant to a pre-planned trading plan entered into in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934. The pre-planned trading plan was adopted by the reporting person for personal financial management purposes on January 27, 2023.

F3 · price: The price reported reflects the weighted average price of shares sold in multiple transactions at prices ranging from $372.14 to $373.11. The reporting person hereby undertakes to provide to the SEC staff, the issuer or a security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within this range.

Read SEC document
May 02, 2023 Filed May 4, 2023 21:08 UTC Mastercard Inc MA · Entity 1763 SaleClass A Common Stock 4,300 $371.74 $1,598,482.00
Disclosure

SEC source: 0001141391-23-000078 · wk-form4_1683234471.xml · nonDerivative · entry 2

Murphy Timothy H · CIK 0001602576 · Chief Administrative Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 62,380.063

F1 · shares: The transactions reported in this Form 4 were effected pursuant to a pre-planned trading plan entered into in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934. The pre-planned trading plan was adopted by the reporting person for personal financial management purposes on January 27, 2023.

F2 · price: The price reported reflects the weighted average price of shares sold in multiple transactions at prices ranging from $371.13 to $372.12. The reporting person hereby undertakes to provide to the SEC staff, the issuer or a security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within this range.

Read SEC document
May 02, 2023 Filed May 4, 2023 21:08 UTC Mastercard Inc MA · Entity 1763 Exercise / conversionClass A Common Stock 26,400 $227.25 $5,999,400.00
Disclosure

SEC source: 0001141391-23-000078 · wk-form4_1683234471.xml · nonDerivative · entry 1

Murphy Timothy H · CIK 0001602576 · Chief Administrative Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 66,680.063

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · shares: The transactions reported in this Form 4 were effected pursuant to a pre-planned trading plan entered into in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934. The pre-planned trading plan was adopted by the reporting person for personal financial management purposes on January 27, 2023.

Read SEC document
March 01, 2023 Filed Mar 3, 2023 23:47 UTC Mastercard Inc MA · Entity 1763 GrantEmployee Stock Option (right to buy) · Derivative 9,739 $0.00 Strike: $353.50 $0.00
Disclosure

SEC source: 0001141391-23-000042 · wf-form4_167788725117565.xml · derivative · entry 6

Murphy Timothy H · CIK 0001602576 · Chief Administrative Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 9,739

Underlying: Class A Common Stock · 9,739 shares

Expires 2033-03-01

F4 · derivative.exercise_date: The employee stock options vest in three (3) equal annual installments beginning March 1, 2024.

Read SEC document
March 01, 2023 Filed Mar 3, 2023 23:47 UTC Mastercard Inc MA · Entity 1763 GrantClass A Common Stock 2,593 $0.00 $0.00
Disclosure

SEC source: 0001141391-23-000042 · wf-form4_167788725117565.xml · nonDerivative · entry 3

Murphy Timothy H · CIK 0001602576 · Chief Administrative Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 40,280.063

F3 · shares: Represents earned performance stock units granted on March 1, 2020 that contained performance-vesting requirements. The award was fully earned and vested on March 1, 2023, but will settle on March 1, 2024.

Read SEC document
March 01, 2023 Filed Mar 3, 2023 23:47 UTC Mastercard Inc MA · Entity 1763 GrantClass A Common Stock 3,435 $0.00 $0.00
Disclosure

SEC source: 0001141391-23-000042 · wf-form4_167788725117565.xml · nonDerivative · entry 2

Murphy Timothy H · CIK 0001602576 · Chief Administrative Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 37,687.063

F2 · shares: Award of restricted stock units that will vest in three (3) equal annual installments beginning March 1, 2024.

Read SEC document
March 01, 2023 Filed Mar 3, 2023 23:47 UTC Mastercard Inc MA · Entity 1763 Tax withholdingClass A Common Stock 969 $352.35 $341,427.15
Disclosure

SEC source: 0001141391-23-000042 · wf-form4_167788725117565.xml · nonDerivative · entry 1

Murphy Timothy H · CIK 0001602576 · Chief Administrative Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 34,252.063

F1 · shares: Represents withholding of shares to pay tax liability incident to the vesting of restricted stock units.

Read SEC document
April 29, 2022 Filed May 3, 2022 20:28 UTC Mastercard Inc MA · Entity 1763 Exercise / conversionEmployee Stock Option (right to buy) · Derivative 14,669 $0.00 Strike: $173.49 $0.00
Disclosure

SEC source: 0001141391-22-000104 · wf-form4_165160970499499.xml · derivative · entry 15

Murphy Timothy H · CIK 0001602576 · Chief Administrative Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 14,671

Underlying: Class A Common Stock · 14,669 shares

Expires 2028-03-01

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · shares: The transactions reported in this Form 4 were effected pursuant to a pre-planned trading plan entered into in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934. The pre-planned trading planwas adopted by the reporting person for personal financial management purposes on January 28, 2022.

F13 · derivative.exercise_date: The reporting person was awarded 29,340 employee stock options on March 1, 2018, which had fully vested.

Read SEC document
April 29, 2022 Filed May 3, 2022 20:28 UTC Mastercard Inc MA · Entity 1763 SaleClass A Common Stock 200 $376.47 $75,293.00
Disclosure

SEC source: 0001141391-22-000104 · wf-form4_165160970499499.xml · nonDerivative · entry 12

Murphy Timothy H · CIK 0001602576 · Chief Administrative Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 35,221.063

F1 · shares: The transactions reported in this Form 4 were effected pursuant to a pre-planned trading plan entered into in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934. The pre-planned trading planwas adopted by the reporting person for personal financial management purposes on January 28, 2022.

F12 · price: The price reported reflects the weighted average price of shares sold in multiple transactions at prices ranging from $376.1400 to $376.7900. The reporting person hereby undertakes to provide to the SEC staff,the issuer, or a security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within this range.

Read SEC document
April 29, 2022 Filed May 3, 2022 20:28 UTC Mastercard Inc MA · Entity 1763 SaleClass A Common Stock 258 $374.46 $96,610.73
Disclosure

SEC source: 0001141391-22-000104 · wf-form4_165160970499499.xml · nonDerivative · entry 11

Murphy Timothy H · CIK 0001602576 · Chief Administrative Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 35,421.063

F1 · shares: The transactions reported in this Form 4 were effected pursuant to a pre-planned trading plan entered into in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934. The pre-planned trading planwas adopted by the reporting person for personal financial management purposes on January 28, 2022.

F11 · price: The price reported reflects the weighted average price of shares sold in multiple transactions at prices ranging from $374.1200 to $374.8400. The reporting person hereby undertakes to provide to the SEC staff,the issuer, or a security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within this range.

Read SEC document
April 29, 2022 Filed May 3, 2022 20:28 UTC Mastercard Inc MA · Entity 1763 SaleClass A Common Stock 542 $373.39 $202,379.71
Disclosure

SEC source: 0001141391-22-000104 · wf-form4_165160970499499.xml · nonDerivative · entry 10

Murphy Timothy H · CIK 0001602576 · Chief Administrative Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 35,679.063

F1 · shares: The transactions reported in this Form 4 were effected pursuant to a pre-planned trading plan entered into in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934. The pre-planned trading planwas adopted by the reporting person for personal financial management purposes on January 28, 2022.

F10 · price: The price reported reflects the weighted average price of shares sold in multiple transactions at prices ranging from $373.1200 to $373.8500. The reporting person hereby undertakes to provide to the SEC staff,the issuer, or a security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within this range.

Read SEC document
April 29, 2022 Filed May 3, 2022 20:28 UTC Mastercard Inc MA · Entity 1763 SaleClass A Common Stock 555 $372.38 $206,669.73
Disclosure

SEC source: 0001141391-22-000104 · wf-form4_165160970499499.xml · nonDerivative · entry 9

Murphy Timothy H · CIK 0001602576 · Chief Administrative Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 36,221.063

F1 · shares: The transactions reported in this Form 4 were effected pursuant to a pre-planned trading plan entered into in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934. The pre-planned trading planwas adopted by the reporting person for personal financial management purposes on January 28, 2022.

F9 · price: The price reported reflects the weighted average price of shares sold in multiple transactions at prices ranging from $372.0500 to $372.8200. The reporting person hereby undertakes to provide to the SEC staff,the issuer, or a security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within this range.

Read SEC document
April 29, 2022 Filed May 3, 2022 20:28 UTC Mastercard Inc MA · Entity 1763 SaleClass A Common Stock 400 $371.18 $148,472.00
Disclosure

SEC source: 0001141391-22-000104 · wf-form4_165160970499499.xml · nonDerivative · entry 8

Murphy Timothy H · CIK 0001602576 · Chief Administrative Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 36,776.063

F1 · shares: The transactions reported in this Form 4 were effected pursuant to a pre-planned trading plan entered into in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934. The pre-planned trading planwas adopted by the reporting person for personal financial management purposes on January 28, 2022.

F8 · price: The price reported reflects the weighted average price of shares sold in multiple transactions at prices ranging from $370.8600 to $371.8300. The reporting person hereby undertakes to provide to the SEC staff,the issuer, or a security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within this range.

Read SEC document
April 29, 2022 Filed May 3, 2022 20:28 UTC Mastercard Inc MA · Entity 1763 SaleClass A Common Stock 700 $370.39 $259,272.02
Disclosure

SEC source: 0001141391-22-000104 · wf-form4_165160970499499.xml · nonDerivative · entry 7

Murphy Timothy H · CIK 0001602576 · Chief Administrative Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 37,176.063

F1 · shares: The transactions reported in this Form 4 were effected pursuant to a pre-planned trading plan entered into in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934. The pre-planned trading planwas adopted by the reporting person for personal financial management purposes on January 28, 2022.

F7 · price: The price reported reflects the weighted average price of shares sold in multiple transactions at prices ranging from $369.8500 to $370.8300. The reporting person hereby undertakes to provide to the SEC staff,the issuer, or a security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within this range.

Read SEC document
April 29, 2022 Filed May 3, 2022 20:28 UTC Mastercard Inc MA · Entity 1763 SaleClass A Common Stock 1,800 $369.22 $664,592.94
Disclosure

SEC source: 0001141391-22-000104 · wf-form4_165160970499499.xml · nonDerivative · entry 6

Murphy Timothy H · CIK 0001602576 · Chief Administrative Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 37,876.063

F1 · shares: The transactions reported in this Form 4 were effected pursuant to a pre-planned trading plan entered into in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934. The pre-planned trading planwas adopted by the reporting person for personal financial management purposes on January 28, 2022.

F6 · price: The price reported reflects the weighted average price of shares sold in multiple transactions at prices ranging from $368.8300 to $369.7300. The reporting person hereby undertakes to provide to the SEC staff,the issuer, or a security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within this range.

Read SEC document
April 29, 2022 Filed May 3, 2022 20:28 UTC Mastercard Inc MA · Entity 1763 SaleClass A Common Stock 2,440 $368.39 $898,860.38
Disclosure

SEC source: 0001141391-22-000104 · wf-form4_165160970499499.xml · nonDerivative · entry 5

Murphy Timothy H · CIK 0001602576 · Chief Administrative Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 39,676.063

F1 · shares: The transactions reported in this Form 4 were effected pursuant to a pre-planned trading plan entered into in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934. The pre-planned trading planwas adopted by the reporting person for personal financial management purposes on January 28, 2022.

F5 · price: The price reported reflects the weighted average price of shares sold in multiple transactions at prices ranging from $367.8200 to $368.7400. The reporting person hereby undertakes to provide to the SEC staff,the issuer, or a security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within this range.

Read SEC document
April 29, 2022 Filed May 3, 2022 20:28 UTC Mastercard Inc MA · Entity 1763 SaleClass A Common Stock 1,600 $367.13 $587,400.00
Disclosure

SEC source: 0001141391-22-000104 · wf-form4_165160970499499.xml · nonDerivative · entry 4

Murphy Timothy H · CIK 0001602576 · Chief Administrative Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 42,116.063

F1 · shares: The transactions reported in this Form 4 were effected pursuant to a pre-planned trading plan entered into in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934. The pre-planned trading planwas adopted by the reporting person for personal financial management purposes on January 28, 2022.

F4 · price: The price reported reflects the weighted average price of shares sold in multiple transactions at prices ranging from $366.8100 to $367.7100. The reporting person hereby undertakes to provide to the SEC staff,the issuer, or a security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within this range.

Read SEC document
April 29, 2022 Filed May 3, 2022 20:28 UTC Mastercard Inc MA · Entity 1763 SaleClass A Common Stock 2,950 $366.16 $1,080,175.25
Disclosure

SEC source: 0001141391-22-000104 · wf-form4_165160970499499.xml · nonDerivative · entry 3

Murphy Timothy H · CIK 0001602576 · Chief Administrative Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 43,716.063

F1 · shares: The transactions reported in this Form 4 were effected pursuant to a pre-planned trading plan entered into in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934. The pre-planned trading planwas adopted by the reporting person for personal financial management purposes on January 28, 2022.

F3 · price: The price reported reflects the weighted average price of shares sold in multiple transactions at prices ranging from $365.7400 to $366.7300. The reporting person hereby undertakes to provide to the SEC staff,the issuer, or a security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within this range.

Read SEC document
April 29, 2022 Filed May 3, 2022 20:28 UTC Mastercard Inc MA · Entity 1763 SaleClass A Common Stock 3,479 $365.50 $1,271,567.54
Disclosure

SEC source: 0001141391-22-000104 · wf-form4_165160970499499.xml · nonDerivative · entry 2

Murphy Timothy H · CIK 0001602576 · Chief Administrative Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 46,666.063

F1 · shares: The transactions reported in this Form 4 were effected pursuant to a pre-planned trading plan entered into in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934. The pre-planned trading planwas adopted by the reporting person for personal financial management purposes on January 28, 2022.

F2 · price: The price reported reflects the weighted average price of shares sold in multiple transactions at prices ranging from $364.7400 to $365.7000. The reporting person hereby undertakes to provide to the SEC staff,the issuer, or a security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within this range.

Read SEC document
April 29, 2022 Filed May 3, 2022 20:28 UTC Mastercard Inc MA · Entity 1763 Exercise / conversionClass A Common Stock 14,669 $173.49 $2,544,924.81
Disclosure

SEC source: 0001141391-22-000104 · wf-form4_165160970499499.xml · nonDerivative · entry 1

Murphy Timothy H · CIK 0001602576 · Chief Administrative Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 50,145.063

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · shares: The transactions reported in this Form 4 were effected pursuant to a pre-planned trading plan entered into in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934. The pre-planned trading planwas adopted by the reporting person for personal financial management purposes on January 28, 2022.

Read SEC document
March 01, 2022 Filed Mar 3, 2022 21:48 UTC Mastercard Inc MA · Entity 1763 GrantEmployee Stock Option (right to buy) · Derivative 11,045 $0.00 Strike: $344.48 $0.00
Disclosure

SEC source: 0001141391-22-000051 · wf-form4_164634409277037.xml · derivative · entry 5

Murphy Timothy H · CIK 0001602576 · General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 11,045

Underlying: Class A Common Stock · 11,045 shares

Expires 2032-03-01

F3 · derivative.exercise_date: The employee stock options vest in three (3) equal annual installments beginning March 1, 2023.

Read SEC document
March 01, 2022 Filed Mar 3, 2022 21:48 UTC Mastercard Inc MA · Entity 1763 GrantClass A Common Stock 2,818 $0.00 $0.00
Disclosure

SEC source: 0001141391-22-000051 · wf-form4_164634409277037.xml · nonDerivative · entry 2

Murphy Timothy H · CIK 0001602576 · General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 35,476.063

F2 · shares: Award of restricted stock units pursuant to the terms of a stockholder-approved plan that will vest in three (3) equal annual installments beginning March 1, 2023.

Read SEC document
March 01, 2022 Filed Mar 3, 2022 21:48 UTC Mastercard Inc MA · Entity 1763 Tax withholdingClass A Common Stock 536 $351.40 $188,350.40
Disclosure

SEC source: 0001141391-22-000051 · wf-form4_164634409277037.xml · nonDerivative · entry 1

Murphy Timothy H · CIK 0001602576 · General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 32,658.063

F1 · shares: Represents withholding of shares to pay tax liability incident to the vesting of restricted stock units pursuant to the terms of a stockholder-approved plan.

Read SEC document
March 15, 2021 Filed Mar 16, 2021 20:39 UTC Mastercard Inc MA · Entity 1763 Exercise / conversionEmployee Stock Option (right to buy) · Derivative 47,104 $0.00 Strike: $112.31 $0.00
Disclosure

SEC source: 0001141391-21-000063 · wf-form4_161592708190174.xml · derivative · entry 13

Murphy Timothy H · CIK 0001602576 · General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Class A Common Stock · 47,104 shares

Expires 2027-03-01

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · shares: The transactions reported in this Form 4 were effected pursuant to a pre-planned trading plan entered into in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934. The pre-planned trading plan was adopted by the reporting person for personal financial management purposes on January 29, 2021.

F11 · derivative.exercise_date: The reporting person was awarded 47,104 employee stock options on March 1, 2017, which had fully vested.

Read SEC document
March 15, 2021 Filed Mar 16, 2021 20:39 UTC Mastercard Inc MA · Entity 1763 SaleClass A Common Stock 800 $387.30 $309,836.00
Disclosure

SEC source: 0001141391-21-000063 · wf-form4_161592708190174.xml · nonDerivative · entry 10

Murphy Timothy H · CIK 0001602576 · General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 33,194.063

F1 · shares: The transactions reported in this Form 4 were effected pursuant to a pre-planned trading plan entered into in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934. The pre-planned trading plan was adopted by the reporting person for personal financial management purposes on January 29, 2021.

F10 · price: The price reported reflects the weighted average price of shares sold in multiple transactions at prices ranging from $387.0000 to $387.9000. The reporting person hereby undertakes to provide to the SEC staff, the issuer, or a security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within this range.

Read SEC document
March 15, 2021 Filed Mar 16, 2021 20:39 UTC Mastercard Inc MA · Entity 1763 SaleClass A Common Stock 1,824 $386.49 $704,964.51
Disclosure

SEC source: 0001141391-21-000063 · wf-form4_161592708190174.xml · nonDerivative · entry 9

Murphy Timothy H · CIK 0001602576 · General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 33,994.063

F1 · shares: The transactions reported in this Form 4 were effected pursuant to a pre-planned trading plan entered into in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934. The pre-planned trading plan was adopted by the reporting person for personal financial management purposes on January 29, 2021.

F9 · price: The price reported reflects the weighted average price of shares sold in multiple transactions at prices ranging from $385.9900 to $386.9700. The reporting person hereby undertakes to provide to the SEC staff, the issuer, or a security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within this range.

Read SEC document
March 15, 2021 Filed Mar 16, 2021 20:39 UTC Mastercard Inc MA · Entity 1763 SaleClass A Common Stock 2,227 $385.44 $858,377.55
Disclosure

SEC source: 0001141391-21-000063 · wf-form4_161592708190174.xml · nonDerivative · entry 8

Murphy Timothy H · CIK 0001602576 · General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 35,818.063

F1 · shares: The transactions reported in this Form 4 were effected pursuant to a pre-planned trading plan entered into in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934. The pre-planned trading plan was adopted by the reporting person for personal financial management purposes on January 29, 2021.

F8 · price: The price reported reflects the weighted average price of shares sold in multiple transactions at prices ranging from $384.9700 to $385.9300. The reporting person hereby undertakes to provide to the SEC staff, the issuer, or a security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within this range.

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March 15, 2021 Filed Mar 16, 2021 20:39 UTC Mastercard Inc MA · Entity 1763 SaleClass A Common Stock 800 $384.33 $307,464.72
Disclosure

SEC source: 0001141391-21-000063 · wf-form4_161592708190174.xml · nonDerivative · entry 7

Murphy Timothy H · CIK 0001602576 · General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 38,045.063

F1 · shares: The transactions reported in this Form 4 were effected pursuant to a pre-planned trading plan entered into in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934. The pre-planned trading plan was adopted by the reporting person for personal financial management purposes on January 29, 2021.

F7 · price: The price reported reflects the weighted average price of shares sold in multiple transactions at prices ranging from $383.9300 to $384.8500. The reporting person hereby undertakes to provide to the SEC staff, the issuer, or a security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within this range.

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March 15, 2021 Filed Mar 16, 2021 20:39 UTC Mastercard Inc MA · Entity 1763 SaleClass A Common Stock 2,019 $382.93 $773,141.32
Disclosure

SEC source: 0001141391-21-000063 · wf-form4_161592708190174.xml · nonDerivative · entry 6

Murphy Timothy H · CIK 0001602576 · General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 38,845.063

F1 · shares: The transactions reported in this Form 4 were effected pursuant to a pre-planned trading plan entered into in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934. The pre-planned trading plan was adopted by the reporting person for personal financial management purposes on January 29, 2021.

F6 · price: The price reported reflects the weighted average price of shares sold in multiple transactions at prices ranging from $382.6600 to $383.5500. The reporting person hereby undertakes to provide to the SEC staff, the issuer, or a security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within this range.

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March 15, 2021 Filed Mar 16, 2021 20:39 UTC Mastercard Inc MA · Entity 1763 SaleClass A Common Stock 7,667 $382.02 $2,928,959.61
Disclosure

SEC source: 0001141391-21-000063 · wf-form4_161592708190174.xml · nonDerivative · entry 5

Murphy Timothy H · CIK 0001602576 · General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 40,864.063

F1 · shares: The transactions reported in this Form 4 were effected pursuant to a pre-planned trading plan entered into in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934. The pre-planned trading plan was adopted by the reporting person for personal financial management purposes on January 29, 2021.

F5 · price: The price reported reflects the weighted average price of shares sold in multiple transactions at prices ranging from $381.6500 to $382.6300. The reporting person hereby undertakes to provide to the SEC staff, the issuer, or a security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within this range.

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March 15, 2021 Filed Mar 16, 2021 20:39 UTC Mastercard Inc MA · Entity 1763 SaleClass A Common Stock 17,337 $381.13 $6,607,659.48
Disclosure

SEC source: 0001141391-21-000063 · wf-form4_161592708190174.xml · nonDerivative · entry 4

Murphy Timothy H · CIK 0001602576 · General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 48,531.063

F1 · shares: The transactions reported in this Form 4 were effected pursuant to a pre-planned trading plan entered into in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934. The pre-planned trading plan was adopted by the reporting person for personal financial management purposes on January 29, 2021.

F4 · price: The price reported reflects the weighted average price of shares sold in multiple transactions at prices ranging from $380.6500 to $381.6400. The reporting person hereby undertakes to provide to the SEC staff, the issuer, or a security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within this range.

Read SEC document
March 15, 2021 Filed Mar 16, 2021 20:39 UTC Mastercard Inc MA · Entity 1763 SaleClass A Common Stock 9,589 $380.10 $3,644,802.87
Disclosure

SEC source: 0001141391-21-000063 · wf-form4_161592708190174.xml · nonDerivative · entry 3

Murphy Timothy H · CIK 0001602576 · General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 65,868.063

F1 · shares: The transactions reported in this Form 4 were effected pursuant to a pre-planned trading plan entered into in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934. The pre-planned trading plan was adopted by the reporting person for personal financial management purposes on January 29, 2021.

F3 · price: The price reported reflects the weighted average price of shares sold in multiple transactions at prices ranging from $379.6400 to $380.6300. The reporting person hereby undertakes to provide to the SEC staff, the issuer, or a security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within this range.

Read SEC document
March 15, 2021 Filed Mar 16, 2021 20:39 UTC Mastercard Inc MA · Entity 1763 SaleClass A Common Stock 7,655 $379.26 $2,903,229.94
Disclosure

SEC source: 0001141391-21-000063 · wf-form4_161592708190174.xml · nonDerivative · entry 2

Murphy Timothy H · CIK 0001602576 · General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 75,457.063

F1 · shares: The transactions reported in this Form 4 were effected pursuant to a pre-planned trading plan entered into in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934. The pre-planned trading plan was adopted by the reporting person for personal financial management purposes on January 29, 2021.

F2 · price: The price reported reflects the weighted average price of shares sold in multiple transactions at prices ranging from $378.6400 to $379.6300. The reporting person hereby undertakes to provide to the SEC staff, the issuer, or a security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within this range.

Read SEC document
March 15, 2021 Filed Mar 16, 2021 20:39 UTC Mastercard Inc MA · Entity 1763 Exercise / conversionClass A Common Stock 47,104 $112.31 $5,290,250.24
Disclosure

SEC source: 0001141391-21-000063 · wf-form4_161592708190174.xml · nonDerivative · entry 1

Murphy Timothy H · CIK 0001602576 · General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 83,112.063

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · shares: The transactions reported in this Form 4 were effected pursuant to a pre-planned trading plan entered into in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934. The pre-planned trading plan was adopted by the reporting person for personal financial management purposes on January 29, 2021.

Read SEC document
March 01, 2021 Filed Mar 3, 2021 01:56 UTC Mastercard Inc MA · Entity 1763 GrantEmployee Stock Option (right ro buy) · Derivative 7,634 $0.00 Strike: $362.80 $0.00
Disclosure

SEC source: 0001141391-21-000055 · wf-form4_161473654890646.xml · derivative · entry 6

Murphy Timothy H · CIK 0001602576 · General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 7,634

Underlying: Class A Common Stock · 7,634 shares

Expires 2031-03-01

F4 · derivative.exercise_date: The employee stock options vest in four (4) equal annual installments beginning March 1, 2022.

Read SEC document
March 01, 2021 Filed Mar 3, 2021 01:56 UTC Mastercard Inc MA · Entity 1763 GrantClass A Common Stock 1,953 $0.00 $0.00
Disclosure

SEC source: 0001141391-21-000055 · wf-form4_161473654890646.xml · nonDerivative · entry 3

Murphy Timothy H · CIK 0001602576 · General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 36,008.063

F3 · shares: Award of restricted stock units pursuant to the terms of a stockholder-approved plan that will vest in four (4) equal annual installments beginning March 1, 2022.

Read SEC document
March 01, 2021 Filed Mar 3, 2021 01:56 UTC Mastercard Inc MA · Entity 1763 Tax withholdingClass A Common Stock 274 $362.81 $99,409.94
Disclosure

SEC source: 0001141391-21-000055 · wf-form4_161473654890646.xml · nonDerivative · entry 2

Murphy Timothy H · CIK 0001602576 · General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 34,055.063

F2 · shares: Represents withholding of shares to pay tax liability incident to the vesting of restricted stock units pursuant to the terms of a stockholder-approved plan.

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February 28, 2021 Filed Mar 3, 2021 01:56 UTC Mastercard Inc MA · Entity 1763 GrantClass A Common Stock 2,814 $0.00 $0.00
Disclosure

SEC source: 0001141391-21-000055 · wf-form4_161473654890646.xml · nonDerivative · entry 1

Murphy Timothy H · CIK 0001602576 · General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 34,329.063

F1 · shares: Settlement of performance stock units in shares of Class A common stock.

Read SEC document
May 18, 2020 Filed May 19, 2020 20:49 UTC Mastercard Inc MA · Entity 1763 Exercise / conversionEmployee Stock Option (right to buy) · Derivative 44,404 $0.00 Strike: $90.10 $0.00
Disclosure

SEC source: 0001141391-20-000107 · wf-form4_158992134953552.xml · derivative · entry 7

Murphy Timothy H · CIK 0001602576 · General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Class A Common Stock · 44,404 shares

Expires 2026-03-01

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · shares: The transactions reported in this Form 4 were effected pursuant to a pre-planned trading plan entered into in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934. The pre-planned trading plan was adopted by the reporting person for personal financial management purposes on January 30, 2020.

F5 · derivative.exercise_date: The employee stock options vested in four equal annual installments beginning March 1, 2017.

Read SEC document
May 18, 2020 Filed May 19, 2020 20:49 UTC Mastercard Inc MA · Entity 1763 SaleClass A Common Stock 7,879 $287.29 $2,263,568.94
Disclosure

SEC source: 0001141391-20-000107 · wf-form4_158992134953552.xml · nonDerivative · entry 4

Murphy Timothy H · CIK 0001602576 · General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 31,515.063

F1 · shares: The transactions reported in this Form 4 were effected pursuant to a pre-planned trading plan entered into in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934. The pre-planned trading plan was adopted by the reporting person for personal financial management purposes on January 30, 2020.

F4 · price: The price reported reflects the weighted average price of shares sold in multiple transactions at prices ranging from $287.0600 to $287.4500. The reporting person hereby undertakes to provide to the SEC staff, the issuer, or a security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within this range.

Read SEC document
May 18, 2020 Filed May 19, 2020 20:49 UTC Mastercard Inc MA · Entity 1763 SaleClass A Common Stock 25,294 $286.49 $7,246,571.65
Disclosure

SEC source: 0001141391-20-000107 · wf-form4_158992134953552.xml · nonDerivative · entry 3

Murphy Timothy H · CIK 0001602576 · General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 39,394.063

F1 · shares: The transactions reported in this Form 4 were effected pursuant to a pre-planned trading plan entered into in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934. The pre-planned trading plan was adopted by the reporting person for personal financial management purposes on January 30, 2020.

F3 · price: The price reported reflects the weighted average price of shares sold in multiple transactions at prices ranging from $286.0600 to $287.0400. The reporting person hereby undertakes to provide to the SEC staff, the issuer, or a security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within this range.

Read SEC document
May 18, 2020 Filed May 19, 2020 20:49 UTC Mastercard Inc MA · Entity 1763 SaleClass A Common Stock 19,316 $285.59 $5,516,454.51
Disclosure

SEC source: 0001141391-20-000107 · wf-form4_158992134953552.xml · nonDerivative · entry 2

Murphy Timothy H · CIK 0001602576 · General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 64,688.063

F1 · shares: The transactions reported in this Form 4 were effected pursuant to a pre-planned trading plan entered into in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934. The pre-planned trading plan was adopted by the reporting person for personal financial management purposes on January 30, 2020.

F2 · price: The price reported reflects the weighted average price of shares sold in multiple transactions at prices ranging from $285.0100 to $286.0000. The reporting person hereby undertakes to provide to the SEC staff, the issuer, or a security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within this range.

Read SEC document
May 18, 2020 Filed May 19, 2020 20:49 UTC Mastercard Inc MA · Entity 1763 Exercise / conversionClass A Common Stock 44,404 $90.10 $4,000,800.40
Disclosure

SEC source: 0001141391-20-000107 · wf-form4_158992134953552.xml · nonDerivative · entry 1

Murphy Timothy H · CIK 0001602576 · General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 84,004.063

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · shares: The transactions reported in this Form 4 were effected pursuant to a pre-planned trading plan entered into in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934. The pre-planned trading plan was adopted by the reporting person for personal financial management purposes on January 30, 2020.

Read SEC document
March 01, 2020 Filed Mar 3, 2020 21:59 UTC Mastercard Inc MA · Entity 1763 GrantEmployee Stock Option (right to buy) · Derivative 11,567 $0.00 Strike: $290.25 $0.00
Disclosure

SEC source: 0001141391-20-000057 · wf-form4_158327275218320.xml · derivative · entry 5

Murphy Timothy H · CIK 0001602576 · General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 11,567

Underlying: Class A Common Stock · 11,567 shares

Expires 2030-03-01

F3 · derivative.exercise_date: The employee stock options vest in four (4) equal annual installments beginning March 1, 2021.

Read SEC document
March 01, 2020 Filed Mar 3, 2020 21:59 UTC Mastercard Inc MA · Entity 1763 GrantClass A Common Stock 2,236 $0.00 $0.00
Disclosure

SEC source: 0001141391-20-000057 · wf-form4_158327275218320.xml · nonDerivative · entry 2

Murphy Timothy H · CIK 0001602576 · General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 39,600.063

F2 · shares: Award of restricted stock units pursuant to the terms of a stockholder-approved plan that will vest in four (4) equal annual installments beginning March 1, 2021.

Read SEC document
February 28, 2020 Filed Mar 3, 2020 21:59 UTC Mastercard Inc MA · Entity 1763 GrantClass A Common Stock 8,085 $0.00 $0.00
Disclosure

SEC source: 0001141391-20-000057 · wf-form4_158327275218320.xml · nonDerivative · entry 1

Murphy Timothy H · CIK 0001602576 · General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 37,364.063

F1 · shares: Settlement of performance stock units in shares of Class A common stock.

Read SEC document
March 18, 2019 Filed Mar 19, 2019 22:20 UTC Mastercard Inc MA · Entity 1763 Exercise / conversionEmployee Stock Option (right to buy) · Derivative 43,376 $0.00 Strike: $90.13 $0.00
Disclosure

SEC source: 0001141391-19-000033 · wf-form4_155303403269084.xml · derivative · entry 10

Murphy Timothy H · CIK 0001602576 · General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Class A Common Stock · 43,376 shares

Expires 2025-03-01

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · shares: The transactions reported in this Form 4 were effected pursuant to a pre-planned trading plan entered into in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934. The pre-planned trading plan was adopted by the reporting person on February 1, 2019.

F7 · derivative.exercise_date: The reporting person was awarded employee stock options on March 1, 2015, which vested in four equal annual installments beginning on March 1, 2016.

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March 18, 2019 Filed Mar 19, 2019 22:20 UTC Mastercard Inc MA · Entity 1763 Exercise / conversionEmployee Stock Option (right to buy) · Derivative 7,873 $0.00 Strike: $77.72 $0.00
Disclosure

SEC source: 0001141391-19-000033 · wf-form4_155303403269084.xml · derivative · entry 9

Murphy Timothy H · CIK 0001602576 · General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Class A Common Stock · 7,873 shares

Expires 2024-03-01

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · shares: The transactions reported in this Form 4 were effected pursuant to a pre-planned trading plan entered into in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934. The pre-planned trading plan was adopted by the reporting person on February 1, 2019.

F6 · derivative.exercise_date: The reporting person was awarded employee stock options on March 1, 2014, which vested in four equal annual installments beginning on March 1, 2015.

Read SEC document
March 18, 2019 Filed Mar 19, 2019 22:20 UTC Mastercard Inc MA · Entity 1763 SaleClass A Common Stock 900 $232.26 $209,034.00
Disclosure

SEC source: 0001141391-19-000033 · wf-form4_155303403269084.xml · nonDerivative · entry 6

Murphy Timothy H · CIK 0001602576 · General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 29,279.063

F1 · shares: The transactions reported in this Form 4 were effected pursuant to a pre-planned trading plan entered into in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934. The pre-planned trading plan was adopted by the reporting person on February 1, 2019.

F5 · price: The price reported reflects the weighted average price of shares sold in multiple transactions at prices ranging from $232.20 to $232.44. The reporting person hereby undertakes to provide to the SEC staff, the issuer, or a security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within this range.

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Value uses the disclosed total when available, otherwise shares × reported transaction price. It is not an estimate of exercise cash cost or investment performance.