On January 28, 2015, Visa’s stockholders approved an amendment to its Certificate of Incorporation (the “Charter”) to provide Visa the ability to effect a future stock split of its Class A common stock while maintaining the respective ownership percentages that the holders of its Class A common stock, Class B common stock and Class C common stock had immediately prior to the stock split.
On January 28, 2015, Visa’s board of directors approved a 4-for-1 split of Visa’s Class A common stock. On March 18, 2015, each Class A common stockholder of record at the close of business on February 13, 2015, will receive a dividend of three additional shares of Class A common stock for every share of Visa Inc. Class A common stock held on the Record Date. Trading will begin on the New York Stock Exchange (NYSE) on a split-adjusted basis on March 19, 2015. As discussed below, the holders of Class B common stock and Class C common stock will not receive a stock dividend.