Visa Inc. Reports $125 Million Escrow Deposit and Class B Stock Conversion Rate Adjustments
Summary
On February 25, 2026, Visa Inc. authorized a $125 million deposit into its U.S. litigation escrow account, established under its U.S. retrospective responsibility plan. This action resulted in downward adjustments to the conversion rates for its class B-1 and B-2 common stock, effective February 26, 2026. These adjustments reduced the as-converted share counts for both classes. - Class B-1 conversion rate decreased from 1.5491 to 1.5475. - Class B-2 conversion rate decreased from 1.5108 to 1.5075. - As-converted Class B-1 share count reduced by approximately 7,880 shares. - As-converted Class B-2 share count reduced by approximately 392,202 shares.
Why It Matters
The deposit of $125 million into the U.S. litigation escrow account triggered conversion rate adjustments for Class B-1 and B-2 common stock. These adjustments have the same effect on earnings per share as repurchasing Class A common stock, potentially benefiting Class A shareholders.
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Key Quote
“The conversion rate adjustments have the same effect on earnings per share as repurchasing the Company's class A common stock.”
— From Item 8.01
Filing Details
Reported Items
Additional Information
- CIK Number
- 0001403161
- Filing Date
- Friday, February 27, 2026
- Filing Time
- 12:00 AM UTC
- Form Type
- 8-K
- Materiality Level
- medium
- Sentiment
- neutral