Form 4: Visa Executive Gifts Shares Under 10b5-1 Plan

Visa's Vice Chair and Chief People & Corporate Affairs Officer, Kelly Mahon Tullier, gifted 1,535 shares of Class A Common Stock on December 4, 2025, under a pre-arranged trading plan.

Summary

• Kelly Mahon Tullier, Vice Chair, Chief People & Corporate Affairs Officer at Visa Inc., disposed of 1,535 shares of Class A Common Stock.
• The transaction occurred on December 4, 2025, and was reported on December 5, 2025.
• The disposition was a gift (Transaction Code 'G') with a reported price of $0.
• This transaction was made pursuant to a Rule 10b5-1(c) plan, indicating a pre-arranged trading strategy.
• Following this transaction, Ms. Tullier beneficially owns 51,667 shares of Visa Class A Common Stock.

Sentiment

Score: 5

Explanation: A neutral score. The transaction is a gift under a pre-arranged plan, which is a personal financial decision by an executive and not directly indicative of company performance or future prospects. While it reduces insider ownership, the impact is minimal for a company of Visa's size.

Positives

• The transaction was executed under a Rule 10b5-1(c) plan, which suggests a pre-arranged, non-discretionary disposition and can mitigate concerns about opportunistic insider trading.

Negatives

• A reduction in insider ownership, even through a gift, slightly decreases the direct alignment of the officer's personal holdings with shareholder interests.

Risks

• No specific risks related to Visa Inc.'s operations, financial health, or strategic outlook are mentioned in this Form 4 filing.

Future Outlook

This Form 4 filing reports a specific insider transaction and does not provide any forward-looking statements or guidance regarding Visa Inc.'s future performance or strategic outlook.

Industry Context

This Form 4 filing reports a routine insider transaction and does not contain information relevant to broader industry trends, competitive landscape, or market dynamics within the payments processing sector.

Related Party Transactions

• This filing details an insider transaction, specifically the disposition of shares by an officer of Visa Inc., which is a form of related party dealing.

Stakeholder Impact

• Shareholders: A minor reduction in insider ownership, which is generally considered to have a negligible impact on the company's stock price or operational performance.
• Employees, Customers, Suppliers, Creditors: No direct or material impact from this specific insider gift transaction.

Key Dates

Keywords

Visa, V, SEC Form 4, insider transaction, stock gift, Kelly Mahon Tullier, 10b5-1 plan, beneficial ownership