Form 4: Fiserv Director Heidi Miller Reports Acquisition of Deferred Compensation Units

Director Heidi Miller reports acquisition of 170 deferred compensation notional units in Fiserv, Inc. under the Non-Employee Director Deferred Compensation Plan.

Summary

• On March 31, 2025, Heidi Miller, a director of Fiserv Inc., acquired 170 deferred compensation notional units under the company's Non-Employee Director Deferred Compensation Plan.
• These units were allocated in exchange for $37,500 of deferred director fees.
• The number of units was calculated based on Fiserv's closing stock price of $220.83 on March 31, 2025.
• Each notional unit will be settled in shares of Fiserv common stock on a one-for-one basis following the cessation of Miller's service to the company.

Sentiment

Score: 5

Explanation: The document is a neutral report of a routine transaction related to director compensation. It doesn't contain information that would significantly impact investor sentiment positively or negatively.

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

This Form 4 filing is a routine disclosure of insider transactions, providing transparency into the compensation and holdings of Fiserv's directors. It reflects a common practice of deferring compensation into company stock, aligning director interests with shareholder value.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders by aligning director compensation with company performance.

Key Dates

Keywords

Fiserv, Director, Deferred Compensation, Notional Units, Form 4, Insider Trading