Ryan Mcinerney - Nov 30, 2023 Form 4 Insider Report for VISA INC. (V)

Role
Chief Executive Officer, Director
Signature
/s/ Sue Choi, Attorney-In-Fact
Stock symbol
V
Transactions as of
Nov 30, 2023
Transactions value $
-$8,789,968
Form type
4
Date filed
12/4/2023, 07:07 PM
Previous filing
Nov 21, 2023
Next filing
Jan 3, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction V Class A Common Stock Options Exercise +57.8K +715.33% 65.9K Nov 30, 2023 Direct F1
transaction V Class A Common Stock Tax liability -$7.36M -28.7K -43.5% $256.68 37.2K Nov 30, 2023 Direct
transaction V Class A Common Stock Other $0 -8.08K -21.71% $0.00 29.2K Nov 30, 2023 Direct
transaction V Class A Common Stock Other $0 +8.08K +4.4% $0.00 192K Nov 30, 2023 Ryan and Angela McInerney Trust
transaction V Class A Common Stock Gift $0 -9.83K -5.12% $0.00 182K Nov 30, 2023 Ryan and Angela McInerney Trust
transaction V Class A Common Stock Options Exercise $653K +8.15K +27.96% $80.15 37.3K Dec 1, 2023 Direct F2
transaction V Class A Common Stock Sale -$2.08M -8.15K -21.85% $255.79 29.2K Dec 1, 2023 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction V Performance Share Award Award +57.8K 57.8K Nov 30, 2023 Class A Common Stock 57.8K Direct F1, F3
transaction V Performance Share Award Options Exercise -57.8K -100% 0 Nov 30, 2023 Class A Common Stock 57.8K Direct F1, F3
transaction V Employee Stock Option (Right to Buy) Options Exercise $0 -8.15K -19.98% $0.00 32.7K Dec 1, 2023 Class A Common Stock 8.15K $80.15 Direct F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

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).

Explanation of Responses:

Id Content
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.
F2 This transaction was made pursuant to a Rule 10b5-1 trading plan dated February 22, 2023 adopted by the reporting person.
F3 Represents performance shares earned pursuant to the November 19, 2020 award under the Visa Inc. 2007 Equity Incentive Compensation Plan. The number of performance shares earned was determined on the basis of the applicable 3-year performance period.
F4 Options 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 option was granted on November 19, 2015.