Form 4: Fiserv Director Harry DiSimone Acquires Additional Deferred Compensation Units

Director Harry DiSimone acquired 209 deferred compensation notional units in Fiserv, Inc. on September 30, 2024, under the company's Non-Employee Director Deferred Compensation Plan.

Summary

• On September 30, 2024, Harry DiSimone, a director at Fiserv Inc., acquired 209 deferred compensation notional units under the Fiserv, Inc. Non-Employee Director Deferred Compensation Plan.
• These units were acquired in exchange for $37,500 of deferred compensation.
• The price per unit was $179.65, based on the closing price of Fiserv's common stock on September 30, 2024.
• Following the cessation of DiSimone's service to the company, each notional unit will be settled in shares of Fiserv common stock on a one-for-one basis.
• After the transaction, DiSimone directly owns 6,106 deferred compensation notional units.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, indicating a neutral to slightly positive sentiment as it aligns director 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 notional units, potentially benefiting from future stock appreciation.

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 way for companies to compensate directors, aligning their interests with the long-term performance of the company. This transaction reflects a standard practice in corporate governance.

Comparison to Industry Standards

• Many companies, including Fiserv's competitors like Global Payments Inc. and Fidelity National Information Services (FIS), offer deferred compensation plans to their non-employee directors.
• These plans typically allow directors to defer a portion of their cash compensation in exchange for stock or stock-based units, similar to Fiserv's plan.
• The specific terms of these plans, such as the deferral rate and the vesting schedule, can vary across companies.

Stakeholder Impact

• Shareholders may view the director's participation in the deferred compensation plan positively, as it aligns their interests with the company's long-term success.

Key Dates