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

• Charlotte Yarkoni, a director at Fiserv Inc., reported the acquisition of 204 deferred compensation notional units on March 31, 2024.
• These units were allocated under the Fiserv, Inc. Non-Employee Director Deferred Compensation Plan.
• The units represent deferred director fees, where $32,500 of compensation was deferred.
• The number of units was calculated based on a price of $159.82 per share of Fiserv's common stock on March 28, 2024.
• Upon cessation of service, each unit will be settled for one share of Fiserv common stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, indicating a stable and well-managed company. The sentiment is neutral to slightly positive.

Positives

• The acquisition of deferred compensation units aligns the director's interests with the long-term performance of Fiserv.

Future Outlook

Upon cessation of the reporting person's service to the company, 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, aligning their interests with the company's long-term performance.

Comparison to Industry Standards

• Many companies, including peers like Global Payments Inc. and Fidelity National Information Services (FIS), offer deferred compensation plans to their non-employee directors.
• The specifics of these plans, such as the deferral amounts and the valuation methods, can vary based on company policy and director elections.
• The use of notional units valued at the closing stock price on the date of deferral is a standard practice in these types of plans.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders by aligning director interests with company performance.

Key Dates