Visa deposits $250M into litigation escrow, triggering Class B conversion rate cuts

VISA INC.

Deposit of $250M into U.S. litigation escrow account under retrospective responsibility plan.
Conversion rate reduced: Class B-1 from 1.5475 to 1.5445; B-2 from 1.5075 to 1.5014; B-3 from 1.5075 to 1.4953, effective June 25, 2026.
As-converted share count decreased by ~740K for B-3, ~6.7K for B-1, and ~3K for B-2.
Adjustments reduce diluted share count, positively impacting EPS as if repurchasing Class A stock.

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