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

Director Henrique De Castro reports acquisition of 204 deferred compensation notional units in Fiserv, Inc. under the Non-Employee Director Deferred Compensation Plan.

Summary

• Henrique De Castro, a director at Fiserv Inc., reported the acquisition of 204 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 $32,500.
• 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 unit will be settled for one share of Fiserv common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. It reflects standard compensation practices and aligns director interests with the company's performance.

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

• Many companies, such as Visa and Mastercard, offer deferred compensation plans to their directors as part of their overall compensation packages.
• These plans often allow directors to defer a portion of their fees in exchange for stock or stock units, similar to Fiserv's plan.
• The specific terms of these plans, such as the deferral period and the payout method, can vary depending on the company.

Stakeholder Impact

• The acquisition of deferred compensation units has a minimal direct impact on shareholders.
• It reinforces the alignment of director interests with the long-term success of the company.

Key Dates