Form 4: Fiserv Director Defers Compensation into 437 Notional Units

Fiserv Director Doyle Simons deferred $56,250 of compensation into 437 notional units, increasing his beneficial ownership to 45,038 units.

Summary

• Doyle Simons, a Director of Fiserv Inc. (FI), acquired 437 deferred compensation notional units.
• The transaction occurred on September 30, 2025, as part of the Fiserv, Inc. Non-Employee Director Deferred Compensation Plan.
• These units were credited in respect of $56,250 of deferred compensation.
• The number of units was calculated based on Fiserv's common stock closing price of $128.93 per share on September 30, 2025.
• Each notional unit will be settled in shares of Fiserv common stock on a one-for-one basis following the cessation of Mr. Simons' service to the company.
• Following this transaction, Mr. Simons beneficially owns a total of 45,038 derivative securities (notional units).

Sentiment

Score: 6

Explanation: The sentiment is mildly positive as a director is increasing their beneficial ownership in the company, albeit through deferred compensation rather than a direct cash purchase. This indicates continued alignment of interests.

Positives

• The transaction demonstrates continued alignment of a director's interests with those of shareholders, as deferred compensation is converted into equity-linked units.
• An increase in beneficial ownership by a director, even through deferred compensation, can signal confidence in the company's long-term prospects.

Future Outlook

The notional units 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.

Management Comments

• These deferred compensation notional units were allocated under the Fiserv, Inc. Non-Employee Director Deferred Compensation Plan, under which director fees otherwise payable in cash may be deferred in exchange for the allocation of notional units under the Plan.
• The number of notional units credited is calculated by dividing the amount of compensation that is deferred by the closing price of the company's common stock on the date of deferral, or last business day prior.

Industry Context

Director deferred compensation plans are a common practice in publicly traded companies, allowing non-employee directors to defer cash fees into equity-linked instruments, aligning their long-term interests with shareholders. This is a standard mechanism within the financial technology and services industry.

Related Party Transactions

• The transaction involves a director deferring compensation from the company, which is a standard related-party compensation arrangement under the Fiserv, Inc. Non-Employee Director Deferred Compensation Plan.

Stakeholder Impact

• Shareholders: The transaction aligns the director's long-term financial interests with those of shareholders, as the value of the deferred compensation is tied to the company's stock performance.

Next Steps

• The notional units will convert into shares of Fiserv common stock on a one-for-one basis upon the cessation of the reporting person's service to the company.

Key Dates

Keywords

Fiserv, FI, Doyle Simons, Director Compensation, Deferred Compensation, Notional Units, Insider Transaction, SEC Form 4, Equity Compensation