Form 4: Fiserv Director Henrique De Castro Reports Acquisition of Deferred Compensation Notional Units

Director Henrique De Castro reports acquisition of deferred compensation notional units under Fiserv's Non-Employee Director Deferred Compensation Plan.

Summary

• On September 30, 2024, Henrique De Castro, a director of Fiserv Inc., acquired 181 deferred compensation notional units under the company's Non-Employee Director Deferred Compensation Plan.
• These units represent deferred director fees, where $32,500 of compensation was deferred.
• The number of units was calculated based on Fiserv's closing stock price of $179.65 on September 30, 2024.
• Each notional unit will be settled in shares of Fiserv common stock on a one-for-one basis following the cessation of De Castro's service to the company.
• Following the transaction, De Castro beneficially owns 4,361 deferred compensation notional units.

Sentiment

Score: 6

Explanation: The document is a routine regulatory filing related to director compensation, indicating a neutral sentiment. It reflects standard corporate governance practices.

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 company stock, potentially increasing their stake in the company's success.

Future Outlook

Each notional unit will be settled in shares of Fiserv common stock on a one-for-one basis following the cessation of the reporting person's service to the company.

Industry Context

Deferred compensation plans for directors are a common practice in publicly traded companies, allowing directors to align their interests with shareholders and defer income for tax purposes.

Comparison to Industry Standards

• Many companies offer deferred compensation plans to their non-employee directors, allowing them to defer a portion of their fees into company stock or other investment options.
• The specifics of these plans, such as the deferral percentage, vesting schedules, and settlement terms, can vary widely across companies.
• Companies like Visa, Mastercard, and Global Payments also have similar deferred compensation plans for their directors.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders by aligning director interests with the company's long-term performance.
• The plan provides a benefit to the director by allowing them to defer income and potentially increase their stake in the company.

Key Dates