MercadoLibre Board sets 2022 bonus performance metrics and adopts long-term retention plan with executive target awards

MERCADOLIBRE INC

2022 Bonus Program NEO performance goals: Net Revenue, operating income, Mercado Pago transactions, Net Promoter Score.
Target bonus for each NEO set at 33.33% of annual base salary (4 months) with +/-50% individual performance adjustment.
2022 Long Term Retention Program: six-year cash payments, half fixed annually and half tied to stock price appreciation.
CEO Marcos Galperin target LTRP award $6,139,585; CFO Pedro Arnt $1,700,000; other NEOs $1.8M–$2.4M.
Payments start between Jan 1 and Apr 30, 2023, subject to continued employment; accelerated vesting on Change in Control.

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