MercadoLibre adopts 2023 long-term retention plan with up to $22M in target awards for NEOs

MERCADOLIBRE INC

2023 Bonus Program performance goals: Net Revenue, Income from ops, Total Payment Volume, Competitive NPS in constant dollars.
Each NEO's target bonus set at 4 months of base salary (33.33% of annual base pay); payout adjusted ±50% based on individual performance.
2023 Long Term Retention Program provides 6-year cash awards; CEO Marcos Galperin target $10M, Fintech President $3.5M, COO $3.5M, CFO $2.2M, Corporate Affairs EVP $2.7M.
Annual payments: 16.66% of half of target plus a second variable portion linked to stock price appreciation vs $888.69 baseline.
Program vests over 6 years; accelerated vesting upon Change in Control or qualifying termination (without cause or with good reason).

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