Visa 8-K
U.S. litigation escrow funding lowered Class B conversion rates, reducing as-converted shares with the same EPS effect as Class A buybacks.
Filed 2026-09-23 16:06 ET
- 8.01 Other Events
Summary
Visa’s U.S. litigation escrow funding triggered conversion-rate adjustments for its Class B shares on 9/18/2026. The adjustments reduce the as-converted share counts and have the same effect on EPS as repurchasing Class A shares.
Key Figures
- Escrow deposit: $405M under Visa’s U.S. retrospective responsibility plan.
- Conversion rates: Class B-1, 1.5445 → 1.5400; Class B-2, 1.5014 → 1.4924; Class B-3, 1.4953 → 1.4773.
- As-converted shares: Class B-1, 3,367,156 → 3,357,351 (≈9,804 reduction); Class B-2, 730,688 → 726,311 (≈4,377 reduction); Class B-3, 90,599,965 → 89,510,039 (≈1,089,926 reduction). Calculations used the volume-weighted average price over 9/18/2026–9/22/2026.
The summary is written by an AI model reading the filing.
Model 005 · prompt 01d34d48e3