Richard R. Verma
Deputy Secretary of State for Management and Resources
Estimated Net Worth
  • estimated net worth
    $5.1 M - $16.8 M
Salary
  • salary
    Unknown
Employment
  • Started 03/30/2023
Records
[#] Indicates number of lines involving "Mastercard Inc.".

Financial Disclosure Details - OGE Form 278e (09/27/2022)

Positions Held Outside United States Government

#
Organization
City
Position
To
2
Purchase, New York
General Counsel
Present

Employment Agreements and Arrangements

#
Employer Or Party
City
Status And Terms
Date
2
Purchase, New York
I will continue to participate in this defined contribution plan. The plan sponsor will not make further contributions after my separation.
10/2020
5
Purchase, New York
By action of the Human Resources and Compensation Committee of the board, as authorized by the MasterCard Incorporated 2006 Long Term Incentive Plan, my unvested Restricted Stock Units (RSUs) will vest pro rata upon separation. At that time, I will receive a stock payout. The remainder of any unvested RSUs will be forfeited.
10/2020
6
Purchase, New York
By action of the Human Resources and Compensation Committee of the board, as authorized by the MasterCard Incorporated 2006 Long Term Incentive Plan, my unvested Performance Stock Units (PSUs) will vest pro rata upon separation. At that time, I will receive a stock payout. The remainder of any unvested PSUs will be forfeited.
10/2020
7
Purchase, New York
I will retain my vested stock options. By action of the Human Resources and Compensation Committee of the board, as authorized by the MasterCard Incorporated 2006 Long Term Incentive Plan, my unvested options will vest pro rata upon separation. At that time, I will be able to exercise my options and acquire stock. The remainder of any unvested options will be forfeited.
10/2020
8
Purchase, New York
Pursuant to Mastercard company policy, I will receive a bonus for work performed in calendar year 2022 that is based on both individual and company performance. I will forfeit this bonus if I resign prior to the date on which it is paid, or if I do not receive it prior to assuming the duties of Deputy Secretary for Management and Resources at the Department of State. I will not receive a bonus for work performed in calendar year 2023.
2/2022

Sources of Compensation Exceeding $5,000 in a Year

#
Source
City
Duties
5
Purchase, New York
General Counsel

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