MercadoLibre sets 2024 bonus performance goals and adopts long-term retention program for NEOs

MERCADOLIBRE INC

2024 bonus payout for NEOs based on net revenue, income from operations, TPV adjusted (constant dollars) and Competitive NPS.
Target bonus for each NEO: 4 months base salary (33.33%), with individual performance adjustment of +/-50%.
2024 Long Term Retention Program awards: CEO Galperin $10M; Giménez & Rabinovich $3.5M each; de los Santos $2M; de la Serna $2.7M.
LTRP pays 16.66% of half of target award annually for 6 years, starting Jan-Apr 2025, plus stock-price-linked variable component.
LTRP payments require continued employment; accelerated vesting on change in control or covered termination.

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