Form 4: Fiserv Director Charlotte Yarkoni Reports Acquisition of Deferred Compensation Units

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

Summary

• On September 30, 2024, Fiserv Director Charlotte Yarkoni acquired 181 deferred compensation notional units under the Fiserv, Inc. Non-Employee Director Deferred Compensation Plan.
• These units represent deferred director fees, where cash compensation is exchanged for notional units.
• The value of the deferred compensation is $32,500.
• The number of units was calculated based on Fiserv's closing stock price of $179.65 on September 30, 2024.
• Upon cessation of service, each unit will be settled for one share of Fiserv common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard director compensation practices and aligns director interests with the company's stock performance.

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

This filing is a routine disclosure related to director compensation practices, specifically the deferral of fees into stock-based units, which is a common practice among publicly traded companies to align director interests with shareholder value.

Comparison to Industry Standards

• Deferred compensation plans for non-employee directors are a common practice among publicly traded companies, including Fiserv's competitors in the financial technology sector.
• Companies like Global Payments Inc. and Fidelity National Information Services (FIS) also utilize similar deferred compensation mechanisms to attract and retain qualified board members.
• The specifics of these plans, such as the deferral percentage, vesting schedules, and settlement terms, can vary based on company size, performance, and governance policies.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders by aligning director interests with the long-term performance of the company.
• The plan provides a tax-efficient way for directors to save for retirement.

Key Dates