Visa Inc. filings document formal disclosures for a Delaware digital payments company with Class A common stock and multiple senior note series registered on the New York Stock Exchange. Recent Form 8-K reports cover quarterly earnings releases, board-declared cash dividends, unsecured senior note issuances under shelf registration documents, and exhibits tied to material events.
The filings also record Visa’s share-class and governance matters, including Class B common stock exchange offers, Class B-1 and Class B-2 conversion-rate adjustments linked to the U.S. litigation escrow account under its U.S. retrospective responsibility plan, and amendments to its certificate of incorporation. These disclosures connect operating results, debt securities, equity mechanics, litigation-related capital adjustments and corporate governance.
Visa Inc. expanded its board from 11 to 12 members by electing Bill Ready effective September 29, 2025. His director term will expire at the Company's 2026 Annual Meeting of Shareholders. The Board determined Mr. Ready is an independent director under New York Stock Exchange standards and appointed him to the Board's Finance Committee and Nominating and Corporate Governance Committee, both effective September 29, 2025. The filing states there are no arrangements or understandings related to his selection and no transactions requiring disclosure under Item 404(a) of Regulation S-K. Mr. Ready will receive the Company's standard non-employee director compensation as described in the proxy filed December 9, 2024, and the Company will enter into its standard indemnification agreement with him.
Visa Inc. reported that on September 25, 2025 it deposited $500 million into its U.S. litigation escrow account under the company's U.S. retrospective responsibility plan. That deposit triggered adjustments to the conversion rates for its class B-1 and B-2 common stock, lowering the B-1 rate from 1.5609 to 1.5549 and the B-2 rate from 1.5342 to 1.5223, effective September 25, 2025. Because those conversion-rate changes reduce the number of shares on an as-converted basis, the as-converted B-1 share count fell by approximately 28,885 to 7,518,496 and the as-converted B-2 share count fell by approximately 1,437,724 to 183,187,821. The company states the adjustments have the same effect on earnings per share as repurchasing class A common stock. Calculations used the 5-day volume-weighted average price from September 18–24, 2025 as required by the certificate of incorporation.
Visa Inc. authorized a $500 million deposit into its U.S. litigation escrow account under its U.S. retrospective responsibility plan. The filing states that when the Company funds this escrow, the conversion rates for its class B-1 and B-2 common stock (mainly held by U.S. financial institutions and their affiliates) will be adjusted downward, which reduces the number of class A shares those B shares convert into. The company notes this produces the same earnings-per-share effect as repurchasing class A common stock. The deposit and conversion-rate adjustments will follow the Company’s certificate of incorporation currently in effect.
Visa Inc. (V) insider Ryan McInerney executed equity transactions under a 10b5-1 plan on 09/02/2025. The filing shows Mr. McInerney exercised 10,485 employee stock options at an exercise price of $109.82 and concurrently sold 10,485 Class A shares at a weighted-average price of $348.5653 (individual sale prices ranged $346.55–$349.31). After these transactions the filing reports 537 Class A shares beneficially owned directly and 247,326 Class A shares held indirectly through the Ryan and Angela McInerney Trust. The filing discloses the option grant date of 11/19/2017 and vesting in three equal annual installments, and it notes the transactions were made pursuant to a Rule 10b5-1 trading plan dated May 15, 2025.
Form 144 notice for Visa Inc. (V) shows that 10,485 shares of Class A/Common stock are planned for sale through Merrill Lynch on 09/02/2025 on the New York Stock Exchange with an aggregate market value of $3,654,707.49. The shares were acquired on 09/02/2025 by exercise of nonqualified stock options from Visa Inc., with payment classified as a compensatory payment. The filer appears to be Ryan McInerney, who previously sold 8,630 shares on 07/01/2025 for $3,053,466.60, 8,620 shares on 06/02/2025 for $3,127,077.40, and 10,485 shares on 08/14/2025 for $3,597,718.05. Certain standard issuer and contact fields in the form are blank or not provided in the supplied content.
Julie B. Rottenberg, General Counsel of Visa Inc. (V), reported purchases and sales under a Rule 10b5-1 plan dated May 7, 2025. On 08/18/2025 she exercised 2,027 employee stock options with a $109.82 exercise price and simultaneously sold 2,027 Class A shares at $344.02, leaving her with 11,925 shares beneficially owned. The exercised options were originally granted on 11/19/2017 and vest in three equal installments on each of the first three anniversaries of the grant, subject to limited earlier vesting. Transactions were reported by an attorney-in-fact on 08/19/2025.
ANDRESKI PETER M reported disposition transactions in this Form 4 filing.
Visa Inc. executive Peter M. Andreski exercised 4,169 Restricted Stock Units into an equal number of shares of Class A common stock on August 15, 2025. In connection with this vesting, 1,688 shares of Class A common stock were delivered to cover tax obligations at $344.47 per share.
Following these transactions, Andreski directly holds 6,969 shares of Visa Inc. Class A common stock. The RSU award was granted on August 15, 2023 and vests 50% on the second anniversary of the grant date and 50% on the third anniversary, subject to limited earlier vesting conditions.
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.
Visa Inc. (V) submitted a Form 144 notifying a proposed sale of securities. The filing lists 2,027 common shares to be sold through Merrill Lynch with an aggregate market value of $697,328.54, and reports approximately 1,698,682,527 shares outstanding. The approximate date of sale is 08/18/2025 on the New York exchange. The shares were acquired on 08/18/2025 by exercise of non-qualified stock options from Visa Inc., and the payment is described as compensatory. The filer reports no securities sold in the past three months and affirms no undisclosed material information.
Visa Inc. Chief Executive Officer Ryan McInerney exercised 10,485 employee stock options at $109.8200 per share into Class A Common Stock and sold 10,485 Class A shares at $343.1300 on 2025-08-14. After these trades he holds 537 Class A shares directly and 247,326 shares indirectly through the Ryan and Angela McInerney Trust.