Form 4: Fiserv Director Ajei Gopal Reports Acquisition of Deferred Compensation Notional Units

Director Ajei Gopal reports acquisition of deferred compensation notional units under Fiserv's Non-Employee Director Deferred Compensation Plan.

Summary

• Ajei Gopal, a director at Fiserv Inc., reported the acquisition of 148 deferred compensation notional units on March 31, 2025.
• These units were allocated under the Fiserv, Inc. Non-Employee Director Deferred Compensation Plan.
• The units represent deferred director fees, where cash payments are exchanged for notional units.
• The value of the deferred compensation is $32,500.00.
• The number of units was calculated based on Fiserv's closing stock price of $220.83 on March 31, 2025.
• Upon cessation of service, each notional unit will be settled for one share of Fiserv common stock.

Sentiment

Score: 7

Explanation: The document reflects a standard compensation practice. It's neutral to slightly positive as it indicates director alignment with the company's future.

Positives

• The deferred compensation plan allows directors to align their interests with the long-term performance of Fiserv.
• The acquisition of notional units reflects a continued investment in Fiserv by a key director.

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

Deferred compensation plans are a common practice for compensating non-employee directors, allowing them to defer income and align their interests with the company's long-term performance. This filing is a routine disclosure of such activity.

Comparison to Industry Standards

• Deferred compensation plans for directors are common across publicly traded companies.
• The specifics of the Fiserv plan, such as the valuation method and settlement terms, are likely comparable to those offered by peer companies in the financial technology sector.
• Companies like Global Payments, PayPal, and Block also likely have similar deferred compensation arrangements for their non-employee directors.

Stakeholder Impact

• Shareholders may view this as a positive sign, indicating that directors are incentivized to act in the company's long-term interest.
• The plan provides a tax-efficient way for directors to receive compensation.

Key Dates

Keywords

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