Corporate ActionJun 26, 2026, 04:13 PM
Visa Deposits $250M into Litigation Escrow; B-Share Conversion Rates Adjusted
AI Summary
Visa Inc. deposited $250 million into its U.S. litigation escrow account on June 24, 2026, as part of its U.S. retrospective responsibility plan. This action resulted in downward adjustments to the conversion rates of its Class B-1, B-2, and B-3 common stock to Class A common stock, effective June 25, 2026. These adjustments reduced the as-converted share counts for these classes, having an effect on earnings per share similar to repurchasing Class A common stock.
Key Highlights
- Visa deposited $250 million into its U.S. litigation escrow account.
- Class B-1 common stock conversion rate decreased from 1.5475 to 1.5445.
- Class B-2 common stock conversion rate decreased from 1.5075 to 1.5014.
- Class B-3 common stock conversion rate decreased from 1.5075 to 1.4953.
- As-converted B-1 share count reduced by approximately 6,658 shares.
- As-converted B-2 share count reduced by approximately 2,973 shares.
- As-converted B-3 share count reduced by approximately 740,184 shares.
Price Impact
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