Mastercard CEO Selander plans his retirement -- by unloading his stock

Robert Selander, CEO of MasterCard Inc. (MA), looks to be getting ready for retirement, TheStreet.com says. According to a recent SEC filing, Selander plans to sell roughly one-third of his shares of the credit-card processor under a pre-arranged sale program for "personal financial management purposes" -- a common move for executives who might otherwise be restricted from trading because they possess material non-public information.

The sales are expected to begin in October and finish by February.