US Stock IR Daily – May 12, 2026 (2 reports)

• S&P Global Inc. filed a Form 8-K (Current Report) on May 12, 2026.
• The company’s Mobility division (“Mobility Global”) is scheduled to host its previously announced Investor Day on May 12, 2026.
• This Investor Day is being held in connection with the planned separation of Mobility Global into an independent, public company, which will be named Mobility Global Inc.
• An investor presentation to be used at this meeting was furnished as Exhibit 99.1 to the Form 8-K.

The hosting of an Investor Day by S&P Global’s Mobility division, in connection with its planned separation into an independent public company, may suggest a significant step in the company’s strategic restructuring efforts. The furnishing of the investor presentation could provide initial insights into the future standalone entity and its operational plans.

• On May 12, 2026, Visa Inc. settled its previously announced exchange offer for any and all outstanding shares of its Class B-1 and Class B-2 common stock.
• In connection with this Exchange Offer, Visa entered into Makewhole Agreements, effective May 11, 2026, with the holders of the Class B-1 and Class B-2 common stock accepted in the offer.
• Under the Makewhole Agreements, participating holders are obligated to reimburse Visa in cash for a portion of any future deposit into the U.S. covered litigation escrow account, after the value of the Class B-3 common stock they received has been depleted.
• The Makewhole Agreements also provide for the staged transfer of Class C common stock received by participating holders, allowing transfers of up to one-third prior to June 25, 2026, and up to two-thirds prior to August 9, 2026.

This announcement suggests Visa’s continued efforts to streamline its capital structure by settling previously issued classes of common stock. The Makewhole Agreements appear designed to manage potential future litigation-related financial exposures by establishing clear reimbursement obligations for participating shareholders. The staged transfer restrictions on Class C common stock could also serve to manage market liquidity and price stability following the exchange.