Form 4: Visa Inc. General Counsel Julie Rottenberg Executes Stock Option and Sells Shares Under 10b5-1 Plan

Julie Rottenberg, General Counsel of Visa Inc., exercised stock options and sold shares of Class A Common Stock on November 1, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On November 1, 2024, Julie Rottenberg, the General Counsel of Visa Inc., executed a transaction involving Visa's Class A Common Stock.
• Rottenberg exercised stock options to acquire 2,572 shares at a price of $80.82 per share.
• Simultaneously, Rottenberg sold 2,572 shares at a price of $288.49 per share.
• These transactions were executed under a pre-arranged Rule 10b5-1 trading plan adopted on April 25, 2024.
• Following these transactions, Rottenberg directly owns 5,893 shares of Class A Common Stock and holds options for 5,147 shares.
• The stock options vest in three equal installments on the anniversaries of the grant date, November 19, 2016.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing insider transactions, which is neutral in sentiment.

Industry Context

This is a routine disclosure of insider transactions. Executives often use Rule 10b5-1 plans to avoid accusations of trading on non-public information.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership, but the effect is likely negligible given the relatively small number of shares involved.

Key Dates