Summary
Visa Inc. (V) has filed an 8-K report detailing a significant event related to its U.S. litigation escrow account. On September 25, 2025, the Company deposited $500 million into this account, triggering adjustments to the conversion rates of its Class B-1 and B-2 common stock. This action is in accordance with the Company's U.S. retrospective responsibility plan. These conversion rate adjustments have the effect of reducing the outstanding share count for Class B-1 and B-2 common stock, akin to a share repurchase. Specifically, the Class B-1 share count decreased by approximately 28,885 and the Class B-2 share count by roughly 1.44 million. The conversion rates were determined based on the volume-weighted average price over a five-day period ending September 24, 2025, and are effective as of September 25, 2025.
Key Highlights
- 1Visa Inc. deposited $500 million into its U.S. litigation escrow account on September 25, 2025.
- 2The deposit triggered adjustments to the conversion rates of Class B-1 and Class B-2 common stock.
- 3The conversion rate for Class B-1 common stock decreased from 1.5609 to 1.5549.
- 4The conversion rate for Class B-2 common stock decreased from 1.5342 to 1.5223.
- 5The adjustments effectively reduce the as-converted share count for Class B-1 by approximately 28,885.
- 6The adjustments effectively reduce the as-converted share count for Class B-2 by approximately 1,437,724.
- 7These adjustments are calculated in accordance with the Company's U.S. retrospective responsibility plan and certificate of incorporation.