Janow Merit E 4

What Happened
Merit Janow, a director of Mastercard Inc. (MA), was reported as acquiring 684 shares as an award on June 16, 2026. The Form 4 lists the acquisition price as $0.00 (an equity award/grant). According to the filing, the restricted stock award fully vested on the grant date but remains subject to transfer restrictions until June 16, 2030.

Key Details

• Transaction type: Award/Grant (code A) — 684 restricted shares acquired on 2026-06-16.
• Reported price/value: $0.00 (no cash paid).
• Vesting/transfer restrictions: Award fully vested on 2026-06-16; shares are nontransferable until 2026-06-16 + 4 years (June 16, 2030) (footnote F1).
• Filing: Form 4 filed 2026-06-18 (appears to be filed within the typical two-business-day window).
• Shares owned after transaction: Not specified in the provided filing details.

Context
Restricted stock awards are typically compensation for directors/executives and are not the same as an open-market purchase. Although this is an acquisition of shares, the transfer restrictions through 2030 mean the shares cannot be freely sold immediately, so this does not represent an immediate bullish market action. The $0 reported consideration indicates the shares were granted as compensation rather than bought.