Visa Inc. has authorized a $405 million deposit into its U.S. litigation escrow account under its retrospective responsibility plan. This funding action triggered a downward adjustment to the conversion rates for its various classes of Class B common stock into Class A common stock, effective September 18, 2026. The company noted the adjustment has an equivalent effect on earnings per share as a stock repurchase.

Key Details

  • Escrow Deposit: A total of $405 million was deposited into the U.S. litigation escrow account.
  • Event Date: The authorization and effective date for the adjustments was September 18, 2026.
  • Conversion Rate Adjustments: The conversion rates for Class B common stock, held primarily by U.S. financial institutions, were reduced as follows:
    • Class B-1: from 1.5445 to 1.5400
    • Class B-2: from 1.5014 to 1.4924
    • Class B-3: from 1.4953 to 1.4773