Form 4: Fiserv Director Ajei Gopal Acquires Deferred Compensation Units

Director Ajei Gopal of Fiserv Inc. received 159 deferred compensation notional units on December 31, 2024, under the company's Non-Employee Director Deferred Compensation Plan.

Summary

• Ajei Gopal, a director at Fiserv Inc., received 159 deferred compensation notional units on December 31, 2024.
• These units were granted under the Fiserv, Inc. Non-Employee Director Deferred Compensation Plan.
• The units represent deferred compensation of $32,500.00.
• 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.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is a neutral to slightly positive event. It indicates that the company is following its established compensation plan.

Positives

• The deferred compensation plan allows directors to align their interests with the long-term performance of the company.
• The allocation of notional units is a common practice for compensating non-employee directors.

Future Outlook

The notional units will be settled in shares of Fiserv common stock on a one-for-one basis upon the director's departure from the company.

Industry Context

Deferred compensation plans are a common practice for compensating non-employee directors in publicly traded companies, aligning their interests with the long-term performance of the company.

Comparison to Industry Standards

• Many companies use deferred compensation plans for non-employee directors, often using notional units that convert to shares upon departure.
• The specific terms of these plans, such as the vesting schedule and conversion ratio, can vary across companies.
• The value of the deferred compensation is consistent with typical director compensation packages in the financial technology sector.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns director interests with the company's long-term performance.
• The transaction has no direct impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

Fiserv, Deferred Compensation, Director Compensation, Notional Units, Form 4, Ajei Gopal, Executive Compensation