Visa CFO Chris Suh Exercises RSUs, Withholds Shares

Suh Chris reported disposition transactions in this Form 4 filing.

Rhea-AI Filing Summary

Suh Chris reported disposition transactions in this Form 4 filing.

Visa Inc. Chief Financial Officer Chris Suh reported the exercise and conversion of 15,289 restricted stock units into an equal number of shares of Class A common stock on August 15, 2025. These restricted stock units are part of an award granted on August 15, 2023 that vests in three equal annual installments.

On the same date, 7,150 shares of Class A common stock were delivered to the issuer to satisfy tax liabilities at $344.47 per share. After these transactions, Suh directly holds 17,703 shares of Visa Class A common stock.

Insights

Financial Analyst

TL;DR: Insider reported a scheduled RSU vesting and a concurrent sale of shares; transactions are routine compensation-related activity.

The Form 4 shows a 15,289 RSU acquisition (settlement/vesting event) and a 7,150-share sale at $344.47 on 08/15/2025 by CFO Chris Suh. The RSU award was granted 08/15/2023 and vests in three equal installments, which explains the timing and size of the acquisition. The sale reduces immediate share exposure while the RSUs increase contingent holdings until settled. No additional financial performance figures or forward-looking guidance are included in the filing.

Corporate Governance Expert

TL;DR: Filing documents standard executive compensation mechanics and an open-market sale; disclosure appears timely and complete for the transactions reported.

The reporting indicates an award agreement with multi-year vesting and a contemporaneous disposition of shares. The Form 4 includes the grant date (08/15/2023), vesting schedule description, and precise amounts transacted on 08/15/2025. These elements align with routine SEC Section 16 reporting obligations and provide transparency on the officer's equity compensation realization and share sales.

Insider Trade Summary

15,289 shares exercised/converted

Exercise 3 txns

Insider Suh Chris

Role CHIEF FINANCIAL OFFICER

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	15,289	$0.00	$0.00
Exercise	Class A Common Stock	15,289	$0.00	$0.00
Exercise Price or Tax Liability	Class A Common Stock	7,150	$344.47	$2.46M

Holdings After Transaction: Restricted Stock Units — 15,289 contracts (Direct); Class A Common Stock — 17,703 shares (Direct)

Footnotes (1)

1. F1. 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 August 15, 2023.

Key Figures

RSUs exercised: 15,289 shares Tax-withholding shares: 7,150 shares Tax-withholding price: $344.47 per share +1 more

4 metrics

RSUs exercised 15,289 shares Restricted stock units converted into Class A common stock on August 15, 2025

Tax-withholding shares 7,150 shares Shares delivered to the issuer to satisfy tax obligations at $344.47 per share

Tax-withholding price $344.47 per share Per-share value used for the tax-withholding disposition on August 15, 2025

Post-transaction holdings 17,703 shares Direct holdings of Visa Class A common stock after the reported transactions

Key Terms

Restricted Stock Units, tax-withholding disposition, contingent right, award agreement

4 terms

Restricted Stock Units financial

"Each restricted stock unit represents a contingent right to receive one share of Visa Inc."

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

tax-withholding disposition financial

"transaction_action": "tax-withholding disposition""

A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.

contingent right financial

"represents a contingent right to receive one share of Visa Inc. common stock"

award agreement financial

"limited circumstances as specified in the award agreement."

An award agreement is a legal contract that spells out the terms of a pay or equity grant—such as stock options, restricted shares, or cash bonuses—given to an employee, director or consultant. It describes what is being granted, any conditions for keeping it (for example, earning it over time or meeting performance targets), and what happens if the person leaves or breaks rules. Investors care because these agreements affect company costs, potential share dilution and how executives are motivated and rewarded.

FAQ

What transactions did Visa (V) CFO Chris Suh report in this Form 4?

Chris Suh exercised 15,289 restricted stock units into Visa Class A common stock and had 7,150 shares delivered to the issuer for taxes at $344.47 per share. These moves reflect equity compensation activity, not an open-market stock sale.

How many Visa (V) shares does CFO Chris Suh hold after the reported transactions?

Following the August 15, 2025 activity, Chris Suh directly holds 17,703 Visa Class A shares. This total reflects the conversion of restricted stock units and the tax-withholding share delivery disclosed in the Form 4 insider filing.

Were Chris Suh’s Visa (V) transactions on August 15, 2025 market sales?

No. The filing shows a tax-withholding disposition of 7,150 shares at $344.47 per share, meaning shares were delivered to the issuer for tax obligations. The main action was exercising and converting 15,289 restricted stock units, not selling shares on the open market.

What does the restricted stock unit award for Visa (V) CFO Chris Suh look like?

The footnote states each restricted stock unit is a contingent right to one Visa share or cash equivalent. The award granted on August 15, 2023 vests in three equal installments on each of the first three anniversaries of the grant date.

At what price were shares used to cover taxes in Chris Suh’s Visa (V) Form 4?

The Form 4 reports 7,150 shares of Visa Class A common stock delivered to the issuer for taxes at $344.47 per share. This transaction is coded as a tax-withholding disposition, reflecting equity-compensation-related tax settlement rather than a discretionary sale.

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Accepted by SEC EDGAR 08/19/2025 - 04:41 PM Learn about SEC filing dates

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
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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)
08/15/2025

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	08/15/2025		M		15,289	A	(1)	24,853	D
Class A Common Stock	08/15/2025		F		7,150	D	$344.47	17,703	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)	08/15/2025		M			15,289	(1)	(1)	Class A Common Stock	15,289	(1)	15,289	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 August 15, 2023.

	/s/ Sue Choi, Attorney-In-Fact	08/19/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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