secwatch.observer — SEC 8-K summary
======================================

Issuer:     VISA INC. (V)
CIK:        0001403161
Form:       8-K
Filed at:   2026-06-26T20:07:23+00:00
Accession:  0001403161-26-000086
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1403161/000140316126000086/0001403161-26-000086-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1403161/000140316126000086/v-20260624.htm
  HTML page:      https://secwatch.observer/filing/0001403161-26-000086

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer