Form 4: Fiserv Director Doyle Simons Reports Acquisition of Deferred Compensation Notional Units

Director Doyle Simons reports acquisition of 170 deferred compensation notional units under Fiserv's Non-Employee Director Deferred Compensation Plan.

Summary

• Doyle Simons, a director at Fiserv Inc., reported the acquisition of 170 deferred compensation notional units on March 31, 2025.
• These units were allocated under the Fiserv, Inc. Non-Employee Director Deferred Compensation Plan.
• The units represent deferred director fees, where cash payments are exchanged for notional units.
• The value of the deferred compensation is $37,500.
• The number of units was calculated based on Fiserv's closing stock price of $220.83 on March 31, 2025.
• Upon cessation of service, each notional unit will be settled for one share of Fiserv common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. It reflects a routine transaction related to director compensation, indicating alignment of interests with the company's long-term performance.

Positives

• The director's participation in the deferred compensation plan aligns their interests with the long-term performance of Fiserv.
• The plan allows directors to defer fees in exchange for notional units, potentially offering tax advantages.

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 compensating non-employee directors, aligning their interests with the company's long-term performance. This filing is a routine disclosure of such activity.

Comparison to Industry Standards

• Deferred compensation plans for directors are a standard practice across many publicly traded companies, including Fiserv's peers in the financial technology sector.
• Companies like Global Payments Inc. and Fidelity National Information Services (FIS) also utilize similar deferred compensation structures for their board members.
• The specific terms of these plans, such as the deferral rate and settlement terms, can vary, but the underlying principle of aligning director compensation with shareholder value remains consistent.

Stakeholder Impact

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

Key Dates

Keywords

Fiserv, Director, Deferred Compensation, Notional Units, Form 4, Doyle Simons, FI