Form 4: Fiserv Co-President Dhivya Suryadevara Receives RSU Grant

Fiserv Co-President Dhivya Suryadevara was granted 156,485 restricted stock units, vesting over several years.

Summary

• Dhivya Suryadevara, Co-President of Fiserv Inc. (FISV), acquired 156,485 shares of common stock.
• The acquisition was in the form of restricted stock units (RSUs) at a price of $0 per unit.
• The transaction date for this acquisition was December 1, 2025.
• The restricted stock units will vest in four tranches: 57,899 units on February 20, 2026; 40,686 units on February 20, 2027; 46,945 units on February 20, 2028; and 10,955 units on February 20, 2029.
• The transaction was made pursuant to a contract, instruction, or written plan for the purchase or sale of equity securities intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Sentiment

Score: 7

Explanation: The sentiment is positive for the executive due to the equity grant, which aligns interests with shareholders. For the company, it's a neutral to slightly positive event as it represents standard executive compensation and retention.

Positives

• The grant of restricted stock units aligns the executive's interests with long-term shareholder value.
• This equity award serves as a retention incentive for a key executive.

Future Outlook

The future outlook for the reporting person includes the vesting of 156,485 restricted stock units over a period extending to February 2029, contingent on continued employment and company performance as per the RSU agreement.

Industry Context

The grant of restricted stock units is a common form of executive compensation in the financial technology and payments processing industry, used to attract, retain, and incentivize key leadership by aligning their long-term interests with shareholder returns.

Comparison to Industry Standards

• The use of restricted stock units (RSUs) as a component of executive compensation is a standard practice across the technology and financial services sectors, comparable to compensation structures at companies like PayPal, Block, and Global Payments.
• The multi-year vesting schedule is typical for such grants, designed to promote long-term retention and performance, aligning with best practices observed in peer companies.

Corporate Governance

Stakeholder Impact

• Shareholders: The grant represents a form of equity compensation, which can lead to minor dilution over time as units vest and convert to shares. However, it also aims to align management incentives with shareholder value creation.
• Employees: This transaction specifically impacts a key executive, serving as a retention and performance incentive.

Next Steps

• The restricted stock units will vest according to the specified schedule on February 20, 2026, February 20, 2027, February 20, 2028, and February 20, 2029.

Key Dates

Recommendation

This Form 4 filing details a routine grant of restricted stock units to a key executive as part of their compensation package. It does not contain new information that would fundamentally alter the investment thesis for Fiserv Inc. and is therefore not a basis for changing a 'hold' recommendation.

Keywords

FISV, Fiserv, Dhivya Suryadevara, Form 4, Restricted Stock Units, RSU, Insider Transaction, Executive Compensation, Equity Grant