8-K
filed February 1, 2023, 6:59 PM ET
ticker V
CIK 0001403161
leadership
confidence high
sentiment neutral
materiality 0.55
Visa names Ryan McInerney CEO and Alfred Kelly Executive Chairman effective Feb 1, 2023
VISA INC.
- Board increased from 10 to 11; McInerney appointed to Board effective Feb 1.
- McInerney receives $1.4M base salary, 250% VIP target, and $3M one-time equity award (50% performance shares, 25% options, 25% RSUs).
- Kelly as Executive Chairman receives $1.25M base salary, 250% VIP target, and must reimburse aircraft personal use above $250K/year.
- Kelly Mahon Tullier and Rajat Taneja each receive $5M performance share award tied to expanded roles (Vice Chair and President, Technology).
- All one-time equity awards granted Feb 15, 2023; vesting subject to performance and time conditions.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.9
Rajat Taneja was appointed as President, Technology at VISA INC..
- Action
- appointed
- Role
- President, Technology
Exact text from the filing
The equity award to Mr. Taneja is in connection with his expanded responsibilities as President, Technology.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Ryan McInerney was appointed as Chief Executive Officer at VISA INC..
- Action
- appointed
- Role
- Chief Executive Officer
Exact text from the filing
The Company previously announced on November 17, 2022 that the Board unanimously elected Mr. McInerney to succeed Alfred F. Kelly, Jr. as the Company’s Chief Executive Officer
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Ryan McInerney was appointed as Director at VISA INC..
- Action
- appointed
- Role
- Director
Exact text from the filing
the appointment of Ryan McInerney to the Board, effective February 1, 2023
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Alfred F. Kelly, Jr. changed role as Executive Chairman of the Board at VISA INC..
- Role
- Executive Chairman of the Board
Exact text from the filing
Mr. Kelly would continue to serve the Company as Executive Chairman of the Board, both effective February 1, 2023
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.9
Kelly Mahon Tullier was appointed as Vice Chair, Chief People and Corporate Affairs Officer at VISA INC..
- Action
- appointed
- Role
- Vice Chair, Chief People and Corporate Affairs Officer
Exact text from the filing
The equity award to Ms. Mahon Tullier is in connection with her expanded role of Vice Chair, Chief People and Corporate Affairs Officer, effective February 1, 2023.
View on SEC.gov
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