V: Visa Deposits $405M Into Litigation Escrow, Adjusts Class B Share Conversion Rates
· The NYC Memo
On September 18, 2026, Visa Inc. authorized a $405 million deposit into its U.S. litigation escrow account under its retrospective responsibility plan. This action resulted in immediate downward adjustments to the conversion rates of Class B-1, B-2, and B-3 common stock into Class A common stock. The adjustments reduced the as-converted share counts by approximately 9,804, 4,377, and 1,089,926 shares for Class B-1, B-2, and B-3, respectively.