Form 4: Fiserv Director Charlotte Yarkoni Acquires 159 Notional Units Through Deferred Compensation Plan

Director Charlotte Yarkoni acquired 159 notional units of Fiserv stock through the company's deferred compensation plan.

Summary

• Director Charlotte Yarkoni received 159 notional units of Fiserv stock on December 31, 2024, through the company's Non-Employee Director Deferred Compensation Plan.
• These units were awarded in exchange for $32,500 of deferred director fees.
• The number of units was calculated based on 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 for one share of Fiserv common stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction within a standard compensation plan, indicating a neutral to slightly positive sentiment due to alignment of director interests with the company.

Positives

• The deferred compensation plan allows directors to align their interests with the long-term performance of the company.
• The acquisition of notional units demonstrates the director's commitment to the company.

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 directors of publicly traded companies, aligning their interests with shareholders.

Comparison to Industry Standards

• Many companies use deferred compensation plans for directors, often using a similar mechanism of converting deferred fees into stock units.
• The specific terms of these plans can vary, but the general principle of aligning director compensation with company performance is widespread.
• Companies like Global Payments Inc. and Fidelity National Information Services (FIS) also use similar compensation structures for their directors.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders by aligning director interests with the company's long-term performance.

Key Dates

Keywords

Fiserv, Director, Deferred Compensation, Notional Units, Stock Acquisition, Form 4, Charlotte Yarkoni