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.
A holder of Visa Inc. (Class A) shares has filed a notice to sell 2,027 shares of Class A common stock on the NYSE. The planned sale is through Merrill Lynch and is tied to an aggregate market value of $699,315.00 for these shares. The filing lists an approximate sale date of 12/11/2025 and notes that there were 1,687,629,770 shares of this class outstanding at the time referenced.
The shares to be sold were acquired on 12/11/2025 through the exercise of employee stock options from Visa Inc., using a broker-assisted cashless exercise structure. The notice also includes a representation that the seller does not know of any undisclosed material adverse information about Visa’s current or future operations.
Visa Inc. is asking shareholders to vote at its virtual 2026 Annual Meeting on January 27, 2026. The company requests approval to elect eleven director nominees, hold an advisory vote on executive pay, ratify KPMG LLP as independent auditor for fiscal 2026, and approve amendments to its Eighth Restated Certificate of Incorporation to extend Delaware‑permitted liability protections to certain officers. The Board recommends voting against four shareholder proposals on an independent chair, written consent rights, a report on online sexual exploitation, and an inclusion ROI audit.
Visa highlights a strong 2025, with net revenue of $40.0B (up 11%), GAAP net income of $20.1B (up 2%), and non‑GAAP net income of $22.5B (up 11%). Dividends and share repurchases totaled $22.8B, while payments volume reached $14.2T and processed transactions were 257.5B, both growing high single digits. The proxy emphasizes an independent, refreshed Board (91% independent, separate CEO and Chair), pay‑for‑performance compensation design, and active oversight of risk, cybersecurity, artificial intelligence, and corporate responsibility, supported by regular engagement with major shareholders.
Visa Inc. executive files Form 4 for stock gift
A Visa Inc. officer, serving as Vice Chair, Chief People & Corporate Affairs, reported a transaction in Visa Class A common stock. On 12/04/2025, the insider disposed of 1,535 shares in a transaction coded "G," which indicates a gift. The reported price for the gifted shares was $0, reflecting that this was a non-sale transfer.
After this transaction, the insider beneficially owns 51,667 shares of Visa Class A common stock, held directly. The filing is made by a single reporting person and reflects a routine update to disclose the change in ownership.
Visa Inc. insider plans sale of Class A common stock under Rule 144. The notice covers a planned sale of 23,743 shares of Class A common stock through Merrill Lynch on the NYSE, with an aggregate market value of $7,838,625.88. These shares were acquired on 11/30/2025 through the vesting of a restricted stock unit award granted as part of Visa’s equity compensation plan.
The notice also reports that Rajat Taneja sold 6,305 shares of Class A common stock on 11/21/2025 for gross proceeds of $2,080,650.00 during the prior three months. The filing includes the standard representation that the seller does not know any undisclosed material adverse information about Visa’s current or prospective operations.
Visa executive Paul Fabara has filed a notice of planned stock sales under Rule 144. The filing covers sales of Visa Class A common stock to be executed through Merrill Lynch on the NYSE, with an aggregate market value of approximately $2,504,436.20 for the planned transaction. The securities to be sold were acquired on 11/30/2025 via the vesting of a restricted stock unit award granted as part of Visa’s equity compensation plan, meaning this stock came from compensation rather than an open‑market purchase.
The notice also reports that during the past three months Fabara sold 2,172 shares of Visa Class A common stock on 11/21/2025 for gross proceeds of $707,917.22. As part of the filing, the seller represents that he is not aware of any undisclosed material adverse information about Visa’s current or prospective operations.
Visa Inc. reported insider equity transactions by its Chief Risk & Client Services Officer. On 11/30/2025, the officer acquired 15,437 shares of Class A common stock through the vesting and settlement of a performance share award, increasing direct holdings to 41,850 shares. Part of the newly acquired stock, 7,881 shares, was disposed of at $334.44 per share to cover taxes.
On 12/02/2025, the officer sold 7,556 shares of Class A common stock at $331.45 per share in an open-market transaction, leaving 26,413 shares directly owned. The sale was made pursuant to a Rule 10b5-1 trading plan dated December 13, 2024. The underlying 15,437 performance shares were earned based on a three-year performance period under Visa's 2007 Equity Incentive Compensation Plan.
Visa Inc. officer reports equity award vesting and share sale. On 11/30/2025, Visa Inc.'s President, Technology reported the vesting and settlement of a performance share award covering 48,239 shares of Class A common stock, increasing direct holdings to 280,351 shares. On the same date, 24,496 shares were disposed of at $334.44 per share, typically reflecting shares withheld or sold for tax purposes, leaving 255,855 shares directly held. On 12/02/2025, 23,743 shares were sold in an open-market transaction at a weighted average price of $330.1447, reducing direct ownership to 232,112 shares. The 12/02/2025 sale was executed under a Rule 10b5-1 trading plan adopted on March 5, 2025.
Visa Inc. filed a Form 4 reporting equity award activity by its General Counsel. On 11/30/2025, the officer acquired 9,648 shares of Class A common stock through the vesting and settlement of performance-based restricted stock units, as shown by transaction code “M” in connection with a performance share award.
On the same date, 4,900 shares of Class A common stock were withheld at a price of $334.44 per share, reported with transaction code “F,” typically reflecting shares retained to cover taxes. Following these transactions, the insider directly owned 18,404 shares of Visa Class A common stock. The derivative table shows 9,648 performance share units earned for the three-year performance period tied to a November 19, 2022 award, which were then settled into common shares.
Visa Inc. executive reports equity award activity. On 11/30/2025, a Visa Inc. officer serving as Vice Chair, Chief People & Corporate Affairs exercised a performance share award that delivered 27,786 shares of Class A common stock. To cover associated obligations, 14,087 shares of Class A common stock were disposed of at $334.44 per share, leaving the executive with 53,202 shares of Class A common stock held directly after the transactions.
The filing notes that each restricted stock unit or performance share represents a contingent right to receive one Visa share or its cash equivalent, and that the performance shares were earned based on a three-year performance period under the Visa Inc. 2007 Equity Incentive Compensation Plan.
Visa Inc. chief executive officer and director Ryan McInerney reported equity award activity in Visa Class A common stock on 11/30/2025. A performance share award resulted in the acquisition of 52,098 shares, and a related disposition of 26,456 shares occurred at a price of $334.44 per share, which is typically associated with tax withholding or similar obligations. Following these transactions, he continued to directly and indirectly beneficially own Visa stock, including 239,526 shares held indirectly through the Ryan and Angela McInerney Trust. The filing also notes that each restricted stock unit represents a contingent right to receive one share of Visa common stock or its cash equivalent, and that the performance shares earned were based on a three-year performance period under Visa’s equity incentive plan.