Form 4: Fiserv Director Henrique De Castro Acquires Additional Shares Through Deferred Compensation Plan

Director Henrique De Castro acquired 159 notional units of Fiserv stock through the company's deferred compensation plan.

Summary

• Henrique De Castro, a director at Fiserv, acquired 159 notional units of the company's stock on December 31, 2024.
• These units were granted as part of Fiserv's Non-Employee Director Deferred Compensation Plan.
• The units represent deferred compensation of $32,500.
• The number of units was calculated based on the closing price of Fiserv's common stock on December 31, 2024, which was $205.42 per share.
• Upon cessation of service, each notional unit will be settled in one share of Fiserv common stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is generally viewed positively as it aligns director interests with shareholders. There are no negative implications.

Positives

• The acquisition of shares by a director demonstrates confidence in the company's future.
• The deferred compensation plan aligns director interests with long-term shareholder value.

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

This is a standard practice for compensating directors, aligning their interests with the company's performance and shareholder value. Many companies use similar deferred compensation plans.

Comparison to Industry Standards

• Deferred compensation plans for directors are common across publicly traded companies, including financial technology firms like Global Payments and PayPal.
• The use of notional units that convert to shares upon departure is a typical structure for these plans.
• The value of the deferred compensation is consistent with typical director compensation packages in similar sized companies.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns director interests with the company's long-term performance.

Key Dates

Keywords

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