Visa authorized deposit of $375 million into U.S. litigation escrow account on March 26, 2025. The account was previously established under the company's U.S. retrospective responsibility plan.

1. 01

   Visa authorized deposit of $375 million into U.S. litigation escrow account on March 26, 2025. The account was previously established under the company's U.S. retrospective responsibility plan.

2. 02

   Visa said the deposit lowered the conversion rate for class B-1 common stock from 1.5653 to 1.5609 and for class B-2 common stock from 1.5430 to 1.5342, effective March 27, 2025.

3. 03

   The company said the conversion rate adjustments have the same effect on earnings per share as repurchasing class A common stock. It said the as-converted class B-1 share count fell by about 21,297, from 7,568,678 to 7,547,381, and the as-converted class B-2 share count fell by about 1,060,049, from 185,685,595 to 184,625,546.

4. 04

   The company said it performed the deposit and conversion rate adjustment calculations under its certificate of incorporation currently in effect, using the volume-weighted average price over the 3-day pricing period from March 26, 2025 through March 28.

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