Form 4: Fiserv CEO Frank Bisignano Exercises Stock Options, Disposes of Shares for Tax Obligations
SEC Form 4 Filing
Frank Bisignano, Chairman and CEO of Fiserv, exercised stock options and disposed of shares to cover the exercise price and tax liabilities.
Summary
- On March 21, 2025, Frank Bisignano, Chairman and CEO of Fiserv Inc., exercised stock options to acquire 159,636 shares of common stock at a price of $112.87 per share.
- Simultaneously, Bisignano disposed of 122,063 shares to cover the exercise price and associated tax obligations at a price of $220.32.
- Following these transactions, Bisignano directly owns 3,112,064 shares of Fiserv common stock.
- Bisignano also has indirect ownership through a spouse, accounts held as custodian for minors, and trusts for the benefit of his children.
Sentiment
Score: 5
Explanation: The document reflects standard executive compensation activity (stock option exercise and tax liability coverage), which is neither particularly positive nor negative.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, which are common for executives who receive stock options as part of their compensation. These transactions are closely watched by investors for insights into management's view of the company's prospects.
Comparison to Industry Standards
- Executive compensation packages often include stock options to align management's interests with those of shareholders.
- The exercise of stock options and subsequent sale of shares to cover taxes is a standard practice among executives at publicly traded companies.
- Companies like Visa, Mastercard, and Global Payments also have executives who regularly exercise stock options and report these transactions via Form 4 filings.
Stakeholder Impact
- The transaction has a minimal direct impact on shareholders, as it is a routine executive compensation activity.
- The disposal of shares could slightly increase the available float, but the amount is unlikely to be significant.
Key Dates
| Date | Description |
|---|---|
| 02/26/2020 | Grant date of the employee stock option, which vested in four equal installments on each anniversary. |
| 02/26/2024 | Date the employee stock option became exercisable. |
| 03/21/2025 | Date of the stock option exercise and share disposal. |
| 03/25/2025 | Date of signature by attorney-in-fact. |
| 02/26/2030 | Expiration date of the employee stock option. |
Keywords
Fiserv, Frank Bisignano, stock options, Form 4, insider trading, share disposal, beneficial ownership
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