MercadoLibre Adopts Compensation Plan for Independent Directors and Approves Stock Repurchases

SEC Filing 8-K (0001099590-25-000038)

On July 29, 2025, MercadoLibre, Inc.'s Board of Directors approved a Compensation Plan for Independent Directors, which includes a cash retainer fee of $90,000 and an equity award grant valued at $150,000 per year. The equity awards can be in the form of restricted stock or restricted stock units, with vesting conditions tied to the company's annual shareholders' meeting. Additional annual cash retainer fees were approved for directors serving in specific roles, such as committee chairs and the lead independent director. The Board also authorized a Share Repurchase Program, allowing the company to repurchase up to $4,050,000 worth of common stock through June 30, 2027. The repurchases will be conducted in compliance with federal and state securities laws and may be used for general corporate purposes, including funding the Compensation Plan for Independent Directors.