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

Director Doyle Simons reports acquisition of 219 deferred compensation notional units in Fiserv, Inc. under the Non-Employee Director Deferred Compensation Plan.

Summary

• Doyle Simons, a director at Fiserv Inc., reported the acquisition of 219 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 $35,000 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.
• Following the cessation of service, each unit will be settled for one share of Fiserv common stock.
• After the transaction, Simons directly owns 43,519 Fiserv securities.

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 performance.

Positives

• The acquisition of deferred compensation units aligns the director's interests with the long-term performance of Fiserv.
• The deferred compensation plan allows directors to convert fees into company stock, demonstrating confidence in Fiserv's future.

Future Outlook

Following 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. This filing is a routine disclosure related to such a plan.

Comparison to Industry Standards

• Deferred compensation plans for directors are a standard practice among publicly traded companies, including Fiserv's peers in the financial technology sector.
• The specific terms of Fiserv's plan, such as the deferral rate and settlement terms, are likely comparable to those offered by similar companies to attract and retain qualified board members.
• Companies like Global Payments Inc. and Fidelity National Information Services (FIS) also utilize deferred compensation plans for their directors.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders by aligning director compensation with company performance.
• The plan provides a benefit to the director, incentivizing them to act in the best interests of the company.

Key Dates