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

Director Harry DiSimone reports acquisition of 235 deferred compensation notional units in Fiserv, Inc. under the Non-Employee Director Deferred Compensation Plan.

Summary

• Harry DiSimone, a director at Fiserv Inc., reported the acquisition of 235 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 cash payments are exchanged for notional units.
• The value of the deferred compensation is $37,500.
• The number of units was calculated based on a price of $159.82 per share of Fiserv's common stock on March 28, 2024.
• Upon cessation of service, each notional 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 a stable and well-managed company. The sentiment is neutral to slightly positive.

Positives

• The acquisition of deferred compensation units aligns the director's interests with the long-term performance of Fiserv.
• The Non-Employee Director Deferred Compensation Plan allows directors to defer fees in exchange for notional units, potentially offering tax advantages.

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 for directors are a common practice in publicly traded companies, aligning director compensation with company performance and potentially offering tax benefits.

Comparison to Industry Standards

• Deferred compensation plans are a common practice among publicly traded companies, including Fiserv's competitors in the financial technology sector.
• Companies like Global Payments Inc. and Fidelity National Information Services (FIS) also offer similar deferred compensation arrangements for their directors.

Stakeholder Impact

• The transaction has a minimal direct impact on shareholders, employees, customers, suppliers, and creditors.
• It reflects a standard compensation practice for directors.

Key Dates