V 8-K: Smart Summary
78% reductionOn June 24, 2026, Visa Inc. authorized a $250M deposit into its U.S. litigation escrow account under its U.S. retrospective responsibility plan, resulting in downward adjustments to the conversion rates of its class B-1, B-2, and B-3 common stock effective June 25, 2026.
Item 8.01: Other Events
Litigation
- Visa Inc. deposited $250M into the U.S. litigation escrow account on June 24, 2026, under the U.S. retrospective responsibility plan
- Deposit caused downward conversion rate adjustments effective June 25, 2026: class B-1 from 1.5475 to 1.5445; class B-2 from 1.5075 to 1.5014; class B-3 from 1.5075 to 1.4953
- As-converted class B-1 share count reduced by approximately 6,658 (from 3,373,814 to 3,367,156)
- As-converted class B-2 share count reduced by approximately 2,973 (from 733,661 to 730,688)
- As-converted class B-3 share count reduced by approximately 740,184 (from 91,340,149 to 90,599,965)
- Calculations based on volume-weighted average price over two-day pricing period from June 24, 2026 through June 25, 2026; conversion rate adjustments have the same effect on EPS as repurchasing class A common stock
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