Form 4: Fiserv COO Exercises Options and Sells Shares Under 10b5-1 Plan
SEC Form 4 Filing
Guy Chiarello, Fiserv's Chief Operating Officer, executed stock options and sold shares of common stock under a pre-arranged Rule 10b5-1 trading plan.
Summary
- On March 15, 2024, Guy Chiarello, the Chief Operating Officer of Fiserv Inc., exercised options to purchase 24,000 shares of Fiserv common stock at a price of $46.97 per share.
- Simultaneously, Chiarello sold 4,205 shares at a weighted average price of $148.33 and 19,795 shares at a weighted average price of $149.78.
- These transactions were executed under a Rule 10b5-1 trading plan established on December 15, 2023, for estate and financial planning purposes.
- Following these transactions, Chiarello directly owns 163,699 shares of Fiserv common stock and indirectly owns 37,381 shares through The Denise Chiarello 2021 Trust.
- He also holds options for 23,929 shares.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing insider transactions. It doesn't convey any particular positive or negative sentiment about the company's performance or prospects.
Future Outlook
The document does not contain any specific forward-looking statements regarding the company's future performance.
Industry Context
This filing is a routine disclosure of insider transactions and doesn't necessarily reflect broader industry trends. However, it's common for executives to utilize 10b5-1 plans for managing their stock holdings.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the pre-planned nature of the trades mitigates any significant concerns.
Key Dates
| Date | Description |
|---|---|
| 01/01/2015 | Original vesting date of employee stock options. |
| 12/15/2023 | Date the Rule 10b5-1 trading plan was entered into. |
| 03/15/2024 | Date of the stock option exercise and sale of shares. |
| 03/18/2024 | Date of signature on the Form 4 filing. |
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