Form 4: Fiserv Director Charlotte Yarkoni Receives Deferred Compensation in Notional Units

Charlotte Yarkoni, a director at Fiserv Inc., was credited with 189 deferred compensation notional units on June 30, 2025, valued at $32,500, under the company's Non-Employee Director Deferred Compensation Plan.

Summary

• Charlotte Yarkoni, a Director at Fiserv Inc. (FI), was the reporting person for this transaction.
• The transaction date was June 30, 2025.
• The transaction involved the acquisition of 189 deferred compensation notional units.
• These units were allocated under the Fiserv, Inc. Non-Employee Director Deferred Compensation Plan.
• The allocation represents $32,500 of deferred compensation.
• The number of notional units was calculated by dividing the deferred compensation amount by the closing price of Fiserv's common stock on June 30, 2025, which was $172.41 per share.
• Following cessation of service, each notional unit will be settled on a one-for-one basis in shares of Fiserv common stock.
• Following this transaction, Charlotte Yarkoni beneficially owns 1,100 direct deferred compensation notional units.

Sentiment

Score: 7

Explanation: The filing reports a standard deferred compensation allocation to a director, reflecting routine corporate governance and compensation practices. It is a neutral event with a slight positive tilt due to director alignment.

Positives

• The deferred compensation plan aligns the interests of the non-employee director with long-term shareholder value by linking compensation to the company's stock performance.
• The transaction is a routine and transparent part of the company's established director compensation structure, indicating stable corporate governance practices.

Future Outlook

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

Industry Context

Deferred compensation plans for non-employee directors are a common practice across publicly traded companies, particularly in the financial technology sector, to align director interests with long-term shareholder value and retain experienced board members.

Comparison to Industry Standards

• Deferred compensation plans for non-employee directors are a standard practice in corporate governance across large public companies.
• Companies like Visa, Mastercard, and PayPal, also in the financial technology and payments sector, typically offer similar equity-based or deferred compensation components to their non-executive directors to foster long-term alignment.
• The one-for-one settlement of notional units into common stock upon cessation of service is a common structure for such plans, ensuring that the director's long-term compensation is tied directly to the company's equity performance.

Related Party Transactions

• Allocation of deferred compensation notional units to Charlotte Yarkoni, a non-employee director, under the Fiserv, Inc. Non-Employee Director Deferred Compensation Plan.

Stakeholder Impact

• Shareholders: The deferred compensation plan aligns the director's financial interests with long-term shareholder value, potentially fostering more prudent decision-making.
• Employees, Customers, Suppliers, Creditors: No direct or immediate impact from this specific compensation disclosure.

Next Steps

• Settlement of the 1,100 notional units into Fiserv common stock upon cessation of Charlotte Yarkoni's service to the company.

Key Dates

Keywords

Fiserv Inc., FI, Charlotte Yarkoni, SEC Form 4, Deferred Compensation, Notional Units, Director Compensation, Equity Compensation, Financial Services Technology