Visa stock slips as activist group presses for an “independent chair” vote
New York, Jan 9, 2026, 12:06 PM EST — Regular session Visa shares were down 0.5% at $350.57 on Friday, easing with other consumer-finance names as investors weighed a shareholder push to lock in a permanent separation between the company’s chief executive and board chair roles. Mastercard was little changed and American Express fell about 0.8%. The National Legal and Policy Center, in an “exempt solicitation” filing with the U.S. SEC, urged shareholders to back Proposal 5 on Visa’s 2026 proxy ballot. The proposal asks Visa to adopt a policy requiring that the CEO and chair jobs be held by