Form 4: Fiserv COO Guy Chiarello Reports Stock Disposals for Tax Obligations

Chief Operating Officer of Fiserv, Guy Chiarello, reports the disposal of common stock to cover tax liabilities related to vesting restricted stock units.

Summary

• Guy Chiarello, the Chief Operating Officer of Fiserv Inc., filed a Form 4 detailing changes in beneficial ownership.
• The report indicates the disposal of Fiserv common stock on February 21, 2025, February 22, 2025, and February 23, 2025, to cover tax liabilities arising from the vesting of restricted stock units.
• A total of 4,426 shares were disposed of on February 21, 2025, 6,953 shares on February 22, 2025, and 6,905 shares on February 23, 2025, all at a price of $232.34 per share.
• Following these transactions, Chiarello directly owns 209,427 shares of Fiserv common stock.
• Additionally, 37,381 shares are held indirectly through The Denise Chiarello 2021 Trust, for which Guy Chiarello serves as trustee.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the filing reflects routine transactions for tax purposes. It doesn't indicate a significant positive or negative outlook.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. Disposals to cover tax liabilities are common and don't necessarily indicate a negative outlook on the company.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the increased supply of shares, but the effect is likely minimal given the context of tax-related disposals.

Key Dates