Form 4: Broadridge Director Amit Zavery Acquires Additional Deferred Stock Units

Director Amit Zavery acquired additional Deferred Stock Units (DSUs) in Broadridge Financial Solutions, Inc. due to dividend payments on previously issued DSUs.

Summary

• Amit Zavery, a director at Broadridge Financial Solutions, Inc., acquired additional Deferred Stock Units (DSUs) on April 3, 2025.
• The acquisitions are related to dividend payments on previously issued DSUs under Broadridge's 2018 Omnibus Award Plan.
• Zavery acquired 14 DSUs at $0.00, increasing his holdings to 7,563 DSUs.
• An additional 12 DSUs were acquired at $0.00, bringing the total to 7,575 DSUs.
• These DSUs vest in full upon grant and will settle in shares of Broadridge common stock upon separation from service.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, indicating stable corporate governance practices. The sentiment is neutral to slightly positive.

Positives

• The acquisition of DSUs reflects continued alignment of the director's interests with the company's performance.
• The dividend payments on DSUs demonstrate Broadridge's commitment to rewarding its directors.

Future Outlook

The DSUs will be settled in shares of Broadridge common stock upon the director's separation from service.

Industry Context

Director compensation through stock and deferred stock units is a common practice in publicly traded companies to align the interests of directors with those of shareholders.

Comparison to Industry Standards

• Many companies, such as Accenture and Automatic Data Processing (ADP), use similar deferred stock unit programs to compensate directors.
• The vesting and settlement terms are typical, with settlement often occurring upon separation from service, similar to practices at companies like IBM and Oracle.
• The use of omnibus award plans is also a standard practice, providing flexibility in granting various types of equity-based compensation.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders by aligning director interests with company performance.

Key Dates

Keywords

Deferred Stock Units, Director Compensation, Broadridge, Form 4, Zavery, Dividends, DSUs