other material
confidence high
sentiment neutral
materiality 0.40
Visa deposits $405M into litigation escrow; adjusts Class B conversion rates
VISA INC.
- Deposited $405M into U.S. litigation escrow under retrospective responsibility plan on Sept 18, 2026.
- B-1 conversion rate cut from 1.5445 to 1.5400; B-2 from 1.5014 to 1.4924; B-3 from 1.4953 to 1.4773.
- As-converted B-3 share count reduced by ~1.09M shares to 89.51M; B-1 and B-2 also reduced.
- Adjustments reduce as-converted share counts, affecting EPS like a Class A repurchase.