Form 4: Fiserv Director Acquires Additional Shares Through Deferred Compensation Plan

Director Doyle Simons acquired 183 notional units of Fiserv stock through the company's deferred compensation plan on December 31, 2024.

Summary

• Director Doyle Simons acquired 183 notional units of Fiserv stock through the company's Non-Employee Director Deferred Compensation Plan.
• These units were allocated on December 31, 2024, as part of a deferred compensation arrangement.
• The deferred compensation totaled $37,500.
• The number of units was calculated using the closing price of Fiserv's common stock on December 31, 2024, which was $205.42 per share.
• Upon cessation of service, each notional unit will be settled in one share of Fiserv common stock.
• Following this transaction, Mr. Simons beneficially owns 44,146 shares of Fiserv stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction under a standard compensation plan, indicating a neutral to slightly positive sentiment due to director's increased stake in the company.

Positives

• The acquisition of shares by a director demonstrates confidence in the company's future.
• The deferred compensation plan allows directors to align their interests with those of shareholders.

Future Outlook

Upon cessation of service, each notional unit will be settled in shares of Fiserv common stock on a one-for-one basis.

Industry Context

This type of transaction is common for directors of public companies, where deferred compensation plans are used to align director interests with long-term shareholder value.

Comparison to Industry Standards

• Deferred compensation plans are a standard practice for directors at publicly traded companies like Fiserv.
• Many companies in the financial technology sector, such as Global Payments and PayPal, offer similar deferred compensation options to their directors.
• The use of notional units that convert to shares upon cessation of service is a common mechanism to incentivize long-term commitment from directors.

Stakeholder Impact

• The transaction increases the director's alignment with shareholder interests.
• The use of deferred compensation plans can be seen positively by shareholders as it encourages long-term commitment from directors.

Key Dates

Keywords

Fiserv, Director, Deferred Compensation, Stock Acquisition, Notional Units, Form 4, Beneficial Ownership