Visa Inc. Reports New Class B Stock Conversion Rates
Summary
Visa Inc. announced new conversion rates for its Class B-1 and B-2 common stock on September 26, 2025, effective September 25, 2025. This action resulted from a $500 million deposit into the U.S. litigation escrow account, established under the Company's U.S. retrospective responsibility plan. The conversion rate adjustments reduced the as-converted share counts for both classes, which has the same effect on earnings per share as repurchasing Class A common stock. - The Class B-1 conversion rate decreased from 1.5609 to 1.5549. - The Class B-2 conversion rate decreased from 1.5342 to 1.5223. - As-converted Class B-1 share count was reduced by approximately 28,885 shares. - As-converted Class B-2 share count was reduced by approximately 1,437,724 shares.
Why It Matters
Investors should note the $500 million deposit into the litigation escrow account, as it triggered conversion rate adjustments that effectively reduced the as-converted share count by over 1.4 million shares, impacting earnings per share similarly to a stock repurchase.
Key Quote
“On September 26, 2025, Visa Inc. (the "Company") announced new conversion rates applicable to the Company's class B-1 and B-2 common stock resulting from its September 25, 2025 deposit of $500 million into the U.”
— From Item 8.01
Filing Details
Reported Items
Additional Information
- CIK Number
- 0001403161
- Filing Date
- Friday, September 26, 2025
- Filing Time
- 12:00 AM UTC
- Form Type
- 8-K
- Materiality Level
- medium
- Sentiment
- neutral