---
schema_version: "secwatch.filing_event.v1"
accession: "0001403161-23-000055"
form_type: "8-K"
ticker: "V"
cik: "0001403161"
company_name: "VISA INC."
filed_at: "2023-06-23T23:59:59+00:00"
generated_at: "2026-06-13T17:50:39.826426+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Visa deposits $500M into litigation escrow, triggering class B conversion adjustment

## Summary
- Visa deposited $500 million into U.S. litigation escrow account under its retrospective responsibility plan.
- Deposit triggers downward adjustment to class B to class A conversion rate, diluting class B shares.
- Adjustment has same EPS effect as repurchasing class A common stock.
- Class B shares are held exclusively by U.S. financial institutions and their affiliates.
- Deposit and adjustment conducted per terms of Visa's certificate of incorporation.

## SEC filing metadata
- accession: 0001403161-23-000055
- form_type: 8-K
- ticker: V
- cik: 0001403161
- company_name: VISA INC.
- filed_at: 2023-06-23T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1403161/000140316123000055/0001403161-23-000055-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1403161/000140316123000055/v-20230623.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001403161-23-000055
- JSON: https://secwatch.observer/filing/0001403161-23-000055.json
- Plain text: https://secwatch.observer/filing/0001403161-23-000055.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.