Visa Inc. Reports $500 Million Deposit into U.S. Litigation Escrow Account
Summary
On September 18, 2025, Visa Inc. authorized a $500 million deposit into the U.S. litigation escrow account, previously established under the Company's U.S. retrospective responsibility plan. This action subjects the Company's Class B-1 and B-2 common stock to dilution through downward adjustments to their conversion rates to Class A common stock. This mechanism has the same effect on earnings per share as repurchasing the Company's Class A common stock.
Why It Matters
The $500 million deposit into the U.S. litigation escrow account is material as it triggers dilution for Class B-1 and B-2 common stock via conversion rate adjustments, effectively impacting earnings per share similarly to a Class A common stock repurchase.
Key Quote
“On September 18, 2025, Visa Inc. (the "Company") authorized the deposit of $500 million into the U.”
— From Item 8.01
Filing Details
Reported Items
Additional Information
- CIK Number
- 0001403161
- Filing Date
- Friday, September 19, 2025
- Filing Time
- 12:00 AM UTC
- Form Type
- 8-K
- Materiality Level
- high
- Sentiment
- neutral