secwatch.observer — SEC 8-K summary
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Issuer:     VISA INC. (V)
CIK:        0001403161
Form:       8-K
Filed at:   2023-06-20T23:59:59+00:00
Accession:  0001403161-23-000051
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Visa appoints Chris Suh as CFO, effective August 1, 2023, succeeding Vasant Prabhu
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- Chris Suh appointed EVP and CFO, starts July 10 as CFO Designate, assumes full CFO role August 1.
- Suh previously CFO at Electronic Arts and CFO of Microsoft's Cloud+AI group for over 25 years.
- Compensation: $900k base salary, 175% bonus target, $9M initial LTI award, $11M one-time equity, $3M cash.
- Outgoing CFO Vasant Prabhu to depart Sept 30 after assisting transition period.
- Suh reports to CEO Ryan McInerney, oversees financial strategy, planning, reporting, and investor relations.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1403161/000140316123000051/0001403161-23-000051-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1403161/000140316123000051/v-20230620.htm
  HTML page:      https://secwatch.observer/filing/0001403161-23-000051

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