In 2020, Ajay Banga earned $32.50M in total compensation at Mastercard, including $1.25M salary, $3.13M bonus and $27.92M in stock. Most recently sold 60,000 shares in Jul 2021. Currently holds stock worth $159.42M. Has donated $72.50M in stock to charitable causes. Led Mastercard as CEO for 10 years.
Compensation History
Annual executive compensation data for Ajay Banga, including salary, bonuses, and stock awards.
Year
2020
Total Compensation
$32.50M
Salary
$1.25M
Bonus
$3.13M
Other
$210.33K
Salary
$1.25MBoard Justification
The compensation philosophy is designed to align executive compensation with performance, attract and retain top talent, and ensure that a significant portion of compensation is performance-based.
Bonus
$3.13MBoard Justification
The annual incentive bonus for 2020 was capped at 100% of target due to the impact of COVID-19 on financial performance, resulting in a payout of $3,125,000.
Other Compensation
$210.33KBoard Justification
Other compensation includes perquisites and company contributions to defined contribution plans.
Restricted Stock
Board Justification
The value of stock awards that vested in 2020 includes 99,010 shares of RSUs and PSUs, which were settled based on the average of the high and low market price per share of Class A common stock on the NYSE on the respective vesting date.
Performance Metrics
The performance metrics for determining the CEO's compensation included adjusted net income and adjusted net revenue, with adjustments made for the impact of COVID-19.
Ajay Banga
Ex-CEO of Mastercard
Education
MBA from the Wharton School of the University of Pennsylvania; Bachelor's degree in Economics from St. Stephen's College, Delhi
Field of Expertise
Business & Management
Sector of Economy
Financial Services
Born
November 10, 1959 - 66 years ago
CEO of Mastercard for
10 years 5 months (Jul 2010 - Dec 2020)
Previous Experience
President & Chief Operating Officer at Mastercard
Other Mastercard CEOs
Holdings
Track Ajay Banga's stock holdings and portfolio value over time.
Total Stock Sold
$324.86M
$324.86M
1,779,582 MA shares
What if they kept their stock?
If Ajay Banga didn't sell their stock, today they would have:
Extra MA1,779,582 shares worth $970.80M.
This is 198.83% and $645.94M more than what they got when they sold the stock.
Charitable Transactions
132,894 shares
MA
Recent Charitable Transactions
2,854 shares
MA
Sep 1, 2021
Charity
20,885 shares
MA
May 13, 2021
Charity
14,700 shares
MA
Dec 14, 2020
Charity
15,000 shares
MA
Dec 2, 2020
Charity
33,300 shares
MA
Sep 1, 2020
Charity
12,113 shares
MA
Aug 26, 2019
Charity
Insider Trading
Ajay Banga's recent stock transactions, purchases, and sales filed with the SEC.
2,854 shares
MA
Sep 1, 2021
Charity
2,854 shares
MA
Sep 1, 2021
Charity
$23.44M
MA at $390.70/share
Jul 14, 2021
Sale
20,885 shares
MA
May 13, 2021
Charity
18,142 shares
MA
May 13, 2021
Charity
$49.43M
MA at $380.23/share
Apr 30, 2021
Sale
22,461 shares
MA
Feb 28, 2021
Received
14,700 shares
MA
Dec 14, 2020
Charity
15,000 shares
MA
Dec 2, 2020
Charity
15,000 shares
MA
Dec 2, 2020
Charity
Rivals
Compare Ajay Banga with competitor CEOs and industry peers.
Stephanie L. Ferris
CEO of Fidelity National Information Services
2023 Compensation
Stock
$0.00
Salary
$1.00M
Bonus
$2.00M
Other
$92.45K
Total Holdings
$39.55M
Cameron M. Bready
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2023 Compensation
Stock
$0.00
Salary
$1.00M
Bonus
$1.41M
Other
$185.70K
Total Holdings
$9.41M
Matthew Cagwin
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2023 Compensation
Stock
$0.00
Salary
$525.00K
Bonus
$635.30K
Other
$0.00
Total Holdings
$1.88M
Jack Dorsey
Founder and CEO of Block
2023 Compensation
Stock
$0.00
Salary
$2.75
Bonus
$0.00
Other
$0.00
Total Holdings
$90.52M
Ryan McInerney
CEO of Visa
2024 Compensation
Stock
$19.15M
Salary
$1.46M
Bonus
$0.00
Other
$309.73K
Total Holdings
$3.51M