Form 4: Fiserv Director Gary Shedlin Acquires Deferred Stock Units

Director Gary Shedlin acquired 695 notional units under the Fiserv, Inc. Non-Employee Director Deferred Compensation Plan.

Summary

• Director Gary Shedlin elected to defer $38,750 of director fees into notional units of Fiserv common stock.
• The transaction occurred on March 31, 2026, at a price of $55.80 per share.
• A total of 695 notional units were credited to the director's account.
• These units will be settled in shares of Fiserv common stock on a one-for-one basis following the director's cessation of service.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral, routine administrative filing regarding director compensation.

Positives

• Demonstrates alignment of interest between the director and shareholders through the deferral of cash compensation into equity-linked units.

Negatives

• None identified.

Risks

• Value of the deferred compensation is subject to the future market performance of Fiserv common stock.

Future Outlook

Not applicable as this is a routine director compensation disclosure.

Industry Context

StockSavvy.ai notes that the use of deferred compensation plans for non-employee directors is a standard corporate governance practice designed to encourage long-term equity ownership among board members.

Comparison to Industry Standards

• The practice of converting director fees into equity-linked units is consistent with compensation policies at major financial technology and services firms.
• The one-for-one settlement structure is a standard mechanism for director deferred compensation plans.

Corporate Governance

Stakeholder Impact

• Shareholders: Minimal impact; reflects standard director compensation practices.

Next Steps

• The notional units will be held until the director ceases service with the company.

Key Dates

Keywords

Fiserv, FISV, Form 4, Insider Trading, Director Compensation, Deferred Compensation