Visa proposes charter amendments for exchange offers to release Class B stock transfer restrictions

VISA INC.

BoD authorized engagement with stockholders on amendments to allow exchange offers for 245M Class B shares (~390M Class A equivalent, ~$96B value).
Initial offer would exchange half of Class B-1 for new Class B-2 stock and Class C stock; up to three successive offers to follow.
Class B-2 conversion adjustments would occur at double the rate of Class B-1, maintaining existing litigation liability protections.
Makewhole agreements required from participating holders; temporary transfer restrictions on Class C received.
No formal proposal yet; amendments require separate class vote of each common stock class if eventually proposed.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.