Visa funds $250M U.S. litigation escrow, trims Class B conversion rates and as-converted share counts

Visa authorized a $250 million deposit to its U.S. litigation escrow, prompting downward adjustments to Class B conversion rates and reduced as-converted share counts.Key Highlights:Original SEC Filing: VISA INC. [ V ] - 8-K - Jun. 26, 2026This is an AI-powered summary. It may contain inaccuracies…

Visa authorized a $250 million deposit to its U.S. litigation escrow, prompting downward adjustments to Class B conversion rates and reduced as-converted share counts.

Key Highlights:

Visa deposited $250 million into its U.S. litigation escrow under the retrospective responsibility plan.
Conversion rates cut: B-1 from 1.5475 to 1.5445, B-2 from 1.5075 to 1.5014, B-3 from 1.5075 to 1.4953 (effective June 25, 2026).
As-converted share counts fell: B-1 by ~6,658 to 3,367,156; B-2 by ~2,973 to 730,688; B-3 by ~740,184 to 90,599,965.
Company notes conversion changes mirror the EPS effect of repurchasing Class A shares; calculations used VWAP for June 24–25, 2026 per certificate of incorporation.

Original SEC Filing:

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.