Form 4: Fiserv Chief Accounting Officer Receives Equity Grant

Fiserv's Chief Accounting Officer, Kenneth Best, acquired 12,228 shares of common stock through restricted stock unit grants with varying vesting schedules.

Summary

• Kenneth Best, Chief Accounting Officer of Fiserv Inc. (FISV), acquired a total of 12,228 shares of common stock on November 18, 2025.
• These acquisitions were made through two separate grants of restricted stock units (RSUs) at a price of $0 per share.
• One grant consisted of 6,522 shares, with one-third of these units scheduled to vest on each anniversary of the grant date.
• The second grant was for 5,706 shares, which will fully vest on the 18-month anniversary of the grant date.
• Following these transactions, Kenneth Best's direct beneficial ownership of common stock increased to 51,124 shares.
• The transactions were made pursuant to a Rule 10b5-1(c) plan, indicating a pre-arranged trading strategy.

Sentiment

Score: 7

Explanation: The filing reports a routine executive equity grant, which is generally positive for aligning management incentives with shareholder interests, but does not contain information that would significantly alter the company's financial outlook or market perception.

Positives

• The Chief Accounting Officer received a significant equity grant, which aligns his long-term financial interests with those of Fiserv's shareholders.
• The use of a Rule 10b5-1 plan for these transactions demonstrates a commitment to transparent and pre-planned trading, mitigating concerns about opportunistic insider trading.

Future Outlook

This filing does not contain forward-looking statements or guidance regarding the company's future financial performance or strategic outlook.

Industry Context

The granting of restricted stock units (RSUs) to key executives is a common and widely accepted practice within the financial technology and services industry. This form of compensation is designed to incentivize long-term performance, foster executive retention, and align management's interests with shareholder value creation.

Comparison to Industry Standards

• The use of restricted stock units with multi-year, performance-based, or time-based vesting schedules is a standard component of executive compensation packages across publicly traded companies, including those in the financial technology sector like Fiserv. This approach is consistent with global benchmarks for aligning executive incentives with long-term shareholder value creation.

Corporate Governance

Related Party Transactions

• The equity grants to Kenneth Best, the Chief Accounting Officer, represent a related party transaction, which is a standard component of executive compensation and is disclosed as required by SEC regulations.

Stakeholder Impact

• Shareholders: Experience minor dilution from the issuance of new shares upon vesting, but benefit from increased alignment of executive interests with long-term company performance and shareholder value.
• Management: Kenneth Best's equity ownership and long-term incentives are increased, fostering greater commitment to the company's success.

Next Steps

• Vesting of one-third of the 6,522 restricted stock units on each anniversary of November 18, 2025.
• Full vesting of the 5,706 restricted stock units on the 18-month anniversary of November 18, 2025.

Key Dates

Keywords

Fiserv, FISV, Form 4, insider transaction, equity grant, restricted stock units, executive compensation, Rule 10b5-1, Chief Accounting Officer