Summary
Visa Inc. has filed an 8-K detailing a $125 million deposit into its U.S. litigation escrow account. This action, taken on February 25, 2026, is part of the Company's U.S. retrospective responsibility plan. The deposit triggers a downward adjustment in the conversion rates of its Class B-1 and B-2 common stock into Class A common stock.
Key Highlights
- 1Visa Inc. deposited $125 million into its U.S. litigation escrow account on February 25, 2026.
- 2This deposit is a requirement under the Company's U.S. retrospective responsibility plan.
- 3The deposit caused a decrease in the conversion rates for Class B-1 and Class B-2 common stock into Class A common stock.
- 4The conversion rate for Class B-1 common stock decreased from 1.5491 to 1.5475.
- 5The conversion rate for Class B-2 common stock decreased from 1.5108 to 1.5075.
- 6The as-converted share count for Class B-1 common stock decreased by approximately 7,880 shares.
- 7The as-converted share count for Class B-2 common stock decreased by approximately 392,202 shares.