secwatch.observer — SEC 8-K summary
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Issuer:     VISA INC. (V)
CIK:        0001403161
Form:       8-K
Filed at:   2023-02-01T23:59:59+00:00
Accession:  0001403161-23-000017
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Visa names Ryan McInerney CEO and Alfred Kelly Executive Chairman effective Feb 1, 2023
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1403161/000140316123000017/0001403161-23-000017-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1403161/000140316123000017/v-20230130.htm
  HTML page:      https://secwatch.observer/filing/0001403161-23-000017

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer