Visa (V) CFO reports new equity grants and tax-share withholding

Rhea-AI Filing Summary

Visa Inc. chief financial officer filed a Form 4 reporting equity compensation activity on 11/19/2025. The filing shows the exercise of previously granted restricted stock units (RSUs), converting 3,005 and 2,405 RSUs into an equal number of shares of Class A common stock. After these transactions, the officer directly owned 20,511 Visa Class A shares.

The officer also had 2,602 shares withheld at a price of $324.12 per share to cover tax obligations associated with the equity vesting. In Table II, the officer received a new employee stock option grant for 36,076 shares with an exercise price of $324.12 and an expiration date of 11/19/2035, vesting in three equal annual installments. In addition, a new grant of 8,485 RSUs was reported, which will also vest in three equal installments on each of the first three anniversaries of the grant date.

Insider Trade Summary

5,410 shares exercised/converted

Mixed 7 txns

Insider Suh Chris

Role CHIEF FINANCIAL OFFICER

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	3,005	$0.00	--
Exercise	Restricted Stock Units	2,405	$0.00	--
Grant/Award	Employee Stock Option (Right to Buy)	36,076	$0.00	--
Grant/Award	Restricted Stock Units	8,485	$0.00	--
Exercise	Class A Common Stock	3,005	$0.00	--
Exercise	Class A Common Stock	2,405	$0.00	--
Tax Withholding	Class A Common Stock	2,602	$324.12	$843K

Holdings After Transaction: Restricted Stock Units — 3,006 shares (Direct); Employee Stock Option (Right to Buy) — 36,076 shares (Direct); Class A Common Stock — 20,708 shares (Direct)

Footnotes (1)

1. Each restricted stock unit represents a contingent right to receive one share of Visa Inc. common stock or a cash equivalent of its value. The restricted stock units vest in three equal installments on each of the first three anniversaries of the date of the grant, subject to earlier vesting in full in limited circumstances as specified in the award agreement. The award was granted on November 19, 2023. Each restricted stock unit represents a contingent right to receive one share of Visa Inc. common stock or a cash equivalent of its value. The restricted stock units vest in three equal installments on each of the first three anniversaries of the date of the grant, subject to earlier vesting in full in limited circumstances as specified in the award agreement. The award was granted on November 19, 2024. Options vest in three equal installments on each of the first three anniversaries of the date of the grant, subject to earlier vesting in full in limited circumstances as specified in the award agreement. The option was granted on November 19, 2025. Each restricted stock unit represents a contingent right to receive one share of Visa Inc. common stock or a cash equivalent of its value. The restricted stock units vest in three equal installments on each of the first three anniversaries of the date of the grant, subject to earlier vesting in full in limited circumstances as specified in the award agreement. The award was granted on November 19, 2025.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Suh Chris

(Last) (First) (Middle)

C/O VISA INC.

PO BOX 8999

(Street)

SAN FRANCISCO CA 94128-8999

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
VISA INC. [ V ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CHIEF FINANCIAL OFFICER

3. Date of Earliest Transaction (Month/Day/Year)
11/19/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	11/19/2025		M		3,005	A	(1)	20,708	D
Class A Common Stock	11/19/2025		M		2,405	A	(2)	23,113	D
Class A Common Stock	11/19/2025		F		2,602	D	$324.12	20,511	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(1)	11/19/2025		M			3,005	(1)	(1)	Class A Common Stock	3,005	(1)	3,006	D
Restricted Stock Units	(2)	11/19/2025		M			2,405	(2)	(2)	Class A Common Stock	2,405	(2)	4,810	D
Employee Stock Option (Right to Buy)	$324.12	11/19/2025		A		36,076		(3)	11/19/2035	Class A Common Stock	36,076	$0	36,076	D
Restricted Stock Units	(4)	11/19/2025		A		8,485		(4)	(4)	Class A Common Stock	8,485	(4)	8,485	D

Explanation of Responses:

1. Each restricted stock unit represents a contingent right to receive one share of Visa Inc. common stock or a cash equivalent of its value. The restricted stock units vest in three equal installments on each of the first three anniversaries of the date of the grant, subject to earlier vesting in full in limited circumstances as specified in the award agreement. The award was granted on November 19, 2023.

2. Each restricted stock unit represents a contingent right to receive one share of Visa Inc. common stock or a cash equivalent of its value. The restricted stock units vest in three equal installments on each of the first three anniversaries of the date of the grant, subject to earlier vesting in full in limited circumstances as specified in the award agreement. The award was granted on November 19, 2024.

3. Options vest in three equal installments on each of the first three anniversaries of the date of the grant, subject to earlier vesting in full in limited circumstances as specified in the award agreement. The option was granted on November 19, 2025.

4. Each restricted stock unit represents a contingent right to receive one share of Visa Inc. common stock or a cash equivalent of its value. The restricted stock units vest in three equal installments on each of the first three anniversaries of the date of the grant, subject to earlier vesting in full in limited circumstances as specified in the award agreement. The award was granted on November 19, 2025.

	/s/ Sue Choi, Attorney-In-Fact	11/21/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Visa (V) disclose in this Form 4 filing?

The filing reports equity compensation activity for the chief financial officer, including RSU vesting, tax share withholding, and new grants of stock options and restricted stock units.

How many Visa (V) shares does the reporting person own after these transactions?

Following the reported transactions, the chief financial officer directly owned 20,511 shares of Visa Inc. Class A common stock.

What restricted stock units vested for the Visa (V) executive on 11/19/2025?

RSU awards originally granted on November 19, 2023 and November 19, 2024 partially vested, converting 3,005 and 2,405 RSUs, respectively, into an equal number of Class A shares.

Why were 2,602 Visa (V) shares reported with transaction code F?

The 2,602 shares with code F were withheld at a price of $324.12 per share to satisfy tax obligations related to the vesting of equity awards.

What new stock option grant was reported for the Visa (V) chief financial officer?

The filing shows a new employee stock option for 36,076 shares of Class A common stock at an exercise price of $324.12 per share, expiring on 11/19/2035 and vesting in three equal annual installments.

Were new restricted stock units granted to the Visa (V) executive?

Yes. A new award of 8,485 restricted stock units was granted on November 19, 2025, vesting in three equal installments on each of the first three anniversaries of the grant date.

What does each Visa (V) restricted stock unit represent in this filing?

Each restricted stock unit represents a contingent right to receive one share of Visa Inc. common stock or a cash equivalent of its value, subject to the vesting terms described.