Form 4: Fiserv COO Guy Chiarello Exercises Options and Sells Shares
SEC Form 4 Filing
Fiserv's Chief Operating Officer, Guy Chiarello, exercised stock options and sold a portion of the acquired shares on February 20, 2025.
Summary
- On February 20, 2025, Guy Chiarello, the Chief Operating Officer of Fiserv Inc., exercised employee stock options to acquire 45,000 shares of Fiserv common stock at a price of $41.33 per share.
- Following the exercise of the options, Mr. Chiarello sold 34,050 shares at a weighted average price of $235.34 and 10,950 shares at a weighted average price of $236.19.
- After these transactions, Mr. Chiarello directly owns 227,711 shares of Fiserv common stock and indirectly owns 37,381 shares through a trust.
Sentiment
Score: 5
Explanation: The document is a neutral report of insider trading activity. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency to the market regarding the actions of company executives. It's common for executives to exercise stock options and sell a portion of the shares for personal financial management.
Comparison to Industry Standards
- Executive compensation packages often include stock options as incentives, and it's typical for executives to periodically exercise these options and sell shares.
- The timing and size of these transactions can vary widely based on individual financial planning and company performance.
- Comparing Chiarello's transactions to those of executives at peer companies like Global Payments, PayPal, or Adyen would require analyzing their respective Form 4 filings and compensation structures.
Stakeholder Impact
- The sale of shares by a high-ranking executive could be perceived negatively by some shareholders, although it is a common practice.
- The transactions themselves have minimal direct impact on employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 02/24/2016 | Original vesting date of the employee stock options, which vested in three equal installments on each anniversary. |
| 02/24/2019 | Date the employee stock option became exercisable. |
| 02/20/2025 | Date of the reported transactions: exercise of stock options and sale of shares. |
| 02/24/2026 | Expiration date of the employee stock option. |
Keywords
Fiserv, Guy Chiarello, stock options, Form 4, insider trading, share sale, COO, equity
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