Form 4: Fiserv Director Allocates Deferred Compensation Units

Celine Dufetel, a Director at Fiserv Inc., has been allocated 663 notional units under the company's Deferred Compensation Plan.

Summary

• Celine Dufetel, a Director at Fiserv Inc., received an allocation of 663 notional units on June 30, 2026, under the Fiserv, Inc. Non-Employee Director Deferred Compensation Plan.
• These units represent a deferral of $32,500 in director fees.
• The number of notional units was calculated based on the company's common stock closing price of $49.05 on the date of deferral.
• Each notional unit is convertible into one share of Fiserv common stock upon cessation of service to the company.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it reports a standard compensation transaction for a director rather than significant financial performance or strategic changes.

Positives

• Director compensation is being deferred, indicating a potential long-term commitment or confidence in the company's future value.
• The allocation is based on a specific, transparent calculation using the stock's closing price.

Risks

• The value of the deferred compensation is tied to the future performance of Fiserv's common stock, which carries inherent market risk.
• If the reporting person ceases service to the company, the notional units will be settled in shares, potentially exposing them to market fluctuations at that time.

Future Outlook

The notional units will be settled in shares of Fiserv common stock on a one-for-one basis following the reporting person's cessation of service to the company.

Industry Context

StockSavvy.ai notes that the use of deferred compensation plans and notional units is a common practice among publicly traded companies, particularly for non-employee directors, to align their interests with long-term shareholder value and to provide a form of incentive compensation that is tied to stock performance.

Related Party Transactions

• Allocation of notional units under the Fiserv, Inc. Non-Employee Director Deferred Compensation Plan to Director Celine Dufetel.

Stakeholder Impact

• Shareholders: The allocation itself does not immediately impact share count but represents a future potential issuance of shares upon settlement.
• Directors: Celine Dufetel's compensation is structured to align with long-term stock performance.

Next Steps

• Settlement of notional units in Fiserv common stock upon cessation of reporting person's service to the company.

Key Dates

Keywords

Fiserv Inc., FISV, Form 4, Deferred Compensation, Director Compensation, Notional Units, Stock Options, Insider Trading, SEC Filing