Visa deposits $150M into litigation escrow, adjusts class B conversion rate

VISA INC.

Deposit of $150M into U.S. litigation escrow account under retrospective responsibility plan.
Class B to class A conversion rate reduced from 1.5902 to 1.5875, effective Sept 28, 2023.
As-converted class B share count decreased by ~649,210 to 389,756,630 shares.
Conversion adjustment has same EPS effect as repurchasing class A common stock.

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