RYAN MCINERNEY - 30 Nov 2023 Form 4 Insider Report for VISA INC. (V)

Role
Chief Executive Officer, Director
Signature
/s/ Sue Choi, Attorney-In-Fact
Issuer symbol
V
Transactions as of
30 Nov 2023
Net transactions value
-$8,789,968
Form type
4
Filing time
04 Dec 2023, 19:07:06 UTC
Previous filing
21 Nov 2023
Next filing
03 Jan 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction V Class A Common Stock Options Exercise +57,820 +715% 65,903 30 Nov 2023 Direct F1
transaction V Class A Common Stock Tax liability $7,358,502 -28,668 -44% $256.68 37,235 30 Nov 2023 Direct
transaction V Class A Common Stock Other $0 -8,083 -22% $0.000000 29,152 30 Nov 2023 Direct
transaction V Class A Common Stock Other $0 +8,083 +4.4% $0.000000 191,995 30 Nov 2023 Ryan and Angela McInerney Trust
transaction V Class A Common Stock Gift $0 -9,831 -5.1% $0.000000 182,164 30 Nov 2023 Ryan and Angela McInerney Trust
transaction V Class A Common Stock Options Exercise $653,222 +8,150 +28% $80.15 37,302 01 Dec 2023 Direct F2
transaction V Class A Common Stock Sale $2,084,688 -8,150 -22% $255.79 29,152 01 Dec 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 +57,820 57,820 30 Nov 2023 Class A Common Stock 57,820 Direct F1, F3
transaction V Performance Share Award Options Exercise -57,820 -100% 0 30 Nov 2023 Class A Common Stock 57,820 Direct F1, F3
transaction V Employee Stock Option (Right to Buy) Options Exercise $0 -8,150 -20% $0.000000 32,650 01 Dec 2023 Class A Common Stock 8,150 $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.