Visa stock today: $500 million escrow move reshapes share conversion math as markets shut
Visa lowered conversion rates for its class B-1 and B-2 shares after a $500 million litigation escrow deposit, according to a regulatory filing. The changes, effective Dec. 23, reduce the number of class A shares issued if conversion occurs. Visa shares closed down 0.8% at $350.71 ahead of the New Year holiday. The company has not set a date for its next earnings report.