Visa said it authorized the deposit of $500 million into the U.S. litigation escrow account previously established under the company's U.S. retrospective responsibility plan on December 23, 2025.

1. 01

   Visa said it authorized the deposit of $500 million into the U.S. litigation escrow account previously established under the company's U.S. retrospective responsibility plan on December 23, 2025.

2. 02

   Visa said that under the terms of the plan, when it funds the U.S. litigation escrow account, the value of its class B-1 and class B-2 common stock is diluted through downward adjustments to the conversion rates into class A common stock.

3. 03

   The company said class B-1 and class B-2 common stock is held predominantly by U.S. financial institutions and their affiliates and successors.

4. 04

   It said the conversion rate adjustments have the same effect on earnings per share as repurchasing class A common stock. It added that the deposit and the conversion rate adjustments will be made in accordance with its certificate of incorporation currently in effect.

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Original filing

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