Visa (V) Global Corp Controller Peter Andreski: Exercises RSUs, Pays Taxes

What Happened

• Peter M. Andreski, Visa's Global Corporate Controller and CAO, converted/settled 4,170 restricted stock units (RSUs) into common shares on Aug 15, 2026. To cover tax withholding related to the settlement, 1,714 shares were surrendered/sold at $364.15 per share, generating $624,153. After withholding, Andreski received a net ~2,456 shares.
• The filing also shows a new grant of 5,492 RSUs on Aug 15, 2026 (no immediate cash value). RSUs are derivative awards that convert into shares if/when they vest.

Key Details

• Transaction date: Aug 15, 2026; Form 4 filed Aug 18, 2026.
• Conversion/settlement: 4,170 RSUs converted to shares (code M).
• Tax withholding/payment: 1,714 shares withheld/disposed at $364.15 per share for $624,153 (code F).
• New award: 5,492 RSUs granted on Aug 15, 2026 (code A); $0 cash now — subject to vesting per award terms.
• Vesting notes from filing:
  • Footnote F1: The converted RSUs tie to a 8/15/2023 award that vests in two installments (50% at year 2 and 50% at year 3).
  • Footnote F2: The 8/15/2026 award (5,492 RSUs) vests 100% on the third anniversary (subject to limited early vesting).
• Shares owned after the transaction: not specified in the filing.
• These withholding/surrender transactions are routine tax-related actions accompanying RSU settlement (not the same as an open-market sell for investment reasons).

Context

• RSUs are a form of equity compensation that convert to shares when they vest; companies commonly withhold or sell a portion to satisfy tax obligations (a routine administrative step).
• This activity reflects vesting/settlement and a contemporaneous tax withholding, not an explicit open-market directional trade by the insider.