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

Director Doyle Simons reports acquisition of 235 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 235 deferred compensation notional units on June 30, 2024.
• These units were allocated under the Fiserv, Inc. Non-Employee Director Deferred Compensation Plan.
• The units represent deferred director fees, where $35,000 of compensation was deferred.
• The number of units was calculated based on a price of $149.04 per share of Fiserv's common stock on June 28, 2024.
• Following the 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 stable corporate governance practices. It's neither overwhelmingly positive nor negative, hence a neutral to slightly positive sentiment.

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 reflects standard compensation practices for non-employee directors, utilizing deferred compensation plans to align director interests with long-term shareholder value.

Comparison to Industry Standards

• Deferred compensation plans for directors are common across publicly traded companies, including peers like Global Payments Inc. and Automatic Data Processing, Inc.
• These plans typically allow directors to defer cash compensation in exchange for stock or stock-based units, often with vesting schedules tied to continued service.
• The specific terms of Fiserv's plan, such as the deferral rate and settlement terms, are generally consistent with industry norms.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders by aligning director compensation with the company's long-term performance.
• Employees are not directly impacted by this transaction.
• Customers, suppliers, and creditors are not directly impacted by this transaction.

Key Dates