Form 4: Fiserv Director Harry DiSimone Reports Acquisition of Deferred Compensation Notional Units

Director Harry DiSimone reports acquisition of 252 deferred compensation notional units under Fiserv's Non-Employee Director Deferred Compensation Plan.

Summary

• On June 30, 2024, Harry DiSimone, a director at Fiserv Inc., acquired 252 deferred compensation notional units under the company's Non-Employee Director Deferred Compensation Plan.
• These units represent deferred director fees, where $37,500 of compensation was deferred.
• The number of units was calculated based on the closing price of Fiserv's common stock on June 28, 2024, which was $149.04 per share.
• DiSimone now holds 5,897 deferred compensation notional units.
• Upon cessation of service, each unit will be settled in shares of Fiserv common stock on a one-for-one basis.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, indicating stable corporate governance practices. The sentiment is neutral to slightly positive as it reflects standard operational procedures.

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 those of shareholders by tying compensation to the company's stock performance.

Comparison to Industry Standards

• Many companies, including peers like Global Payments Inc. and Fidelity National Information Services (FIS), offer deferred compensation plans to their non-employee directors.
• The specifics of these plans, such as the deferral amounts and the timing of settlement, can vary widely based on company policy and individual director elections.
• The use of notional units tied to the company's stock price is a standard practice in these types of plans.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders.
• It reflects the company's commitment to compensating its directors, which can indirectly benefit shareholders through aligned interests.

Key Dates