8-KItem 8.01 · Other Events
Visa Authorizes $405 Million Deposit, Adjusts Class B Conversion Rates
Filed with the SEC on · Summarized by InvestorsBot
Visa authorized a $405 million deposit into its U.S. litigation escrow account on September 18, 2026, triggering lower conversion rates for its Class B-1, B-2 and B-3 shares. The adjustments reduced the as-converted share count by about 1.1 million shares in total and have the same effect on earnings per share as repurchasing Class A common stock; the rates were calculated using Visa’s September 18–22 volume-weighted average price.