Visa adjusts class B conversion rate after $500M litigation escrow deposit

VISA INC.

Deposited $500M into U.S. litigation escrow on June 28, 2023.
Class B conversion rate decreased from 1.5991 to 1.5902, effective June 28.
As-converted class B share count reduced by ~2,195,424 shares.
Adjustment has same EPS effect as repurchasing class A common stock.

item 8.01

VISA INC. filing history →

Source: SEC EDGAR

accession 0001403161-23-000064

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