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

Director Henrique De Castro reports acquisition of 148 deferred compensation notional units in Fiserv, Inc. under the Non-Employee Director Deferred Compensation Plan.

Summary

• On March 31, 2025, Henrique De Castro, a director of Fiserv, Inc., acquired 148 deferred compensation notional units.
• 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 was $32,500.
• The number of units was calculated by dividing the deferred compensation amount by the closing price of Fiserv's common stock on March 31, 2025, which was $220.83 per share.
• Following the cessation of service, each notional unit will be settled in one share of Fiserv common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. It reflects a standard director compensation practice, indicating alignment with shareholder interests.

Positives

• The acquisition of deferred compensation units aligns the director's interests with the long-term performance of Fiserv.

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

Directors often use deferred compensation plans to align their interests with shareholders and manage their personal tax liabilities. This is a common practice among publicly traded companies.

Comparison to Industry Standards

• Deferred compensation plans for non-employee directors are a common practice among S&P 500 companies.
• The specifics of these plans, such as the deferral rate and the investment options, can vary widely.
• Many companies offer similar notional unit plans that convert to shares upon retirement or separation from service, similar to plans at companies like Accenture or IBM.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders by aligning director compensation with the company's long-term stock performance.

Key Dates

Keywords

Fiserv, Director, Deferred Compensation, Notional Units, Form 4, Beneficial Ownership, Henrique De Castro