Form 4: Fiserv Director Lance Fritz Defers Compensation into Company Stock Units

Fiserv Director Lance Fritz has elected to defer $35,137 of compensation into 204 notional units under the company's deferred compensation plan, aligning his interests with shareholders.

Summary

• Lance M. Fritz, a Director of Fiserv Inc. (FI), acquired 204 Deferred Compensation Notional Units on June 30, 2025.
• These units were allocated under the Fiserv, Inc. Non-Employee Director Deferred Compensation Plan.
• The allocation represents $35,137 of deferred compensation.
• The number of notional units was calculated by dividing the deferred amount by the closing price of Fiserv's common stock on June 30, 2025, which was $172.41 per share.
• Following this transaction, Mr. Fritz beneficially owns 943 direct derivative securities (notional units).
• Each notional unit will be settled in shares of Fiserv common stock on a one-for-one basis upon cessation of Mr. Fritz's service to the company.

Sentiment

Score: 7

Explanation: The sentiment is positive as it indicates a director's commitment and alignment with shareholder interests through deferred compensation into company equity. However, it is a routine, non-material transaction in terms of company operations or financial performance.

Positives

• The deferral of compensation into notional units aligns the director's financial interests more closely with those of the company's shareholders.
• The transaction demonstrates the director's continued commitment to and investment in the company's future performance.

Future Outlook

The acquired notional units 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

This transaction is a routine insider filing, common for non-employee directors who often elect to defer a portion of their compensation into company equity to align their interests with shareholders. This practice is standard across many publicly traded companies, particularly in the financial technology sector, to foster long-term commitment and demonstrate confidence in the company's performance.

Comparison to Industry Standards

• The practice of non-employee directors deferring compensation into company equity is a common corporate governance mechanism across various industries, including financial services and technology.
• The one-for-one settlement of notional units into common stock is a standard feature of such deferred compensation plans, ensuring direct alignment with stock performance.

Corporate Governance

Related Party Transactions

• The acquisition of deferred compensation notional units by a director under the company's plan constitutes a related party transaction, which is a standard and disclosed component of director compensation.

Stakeholder Impact

• Shareholders: Benefits from increased alignment of director interests with long-term stock performance.
• Management: Reinforces a culture of long-term commitment and equity-based incentives for key personnel.

Next Steps

• Settlement of the deferred compensation notional units into shares of Fiserv common stock upon the cessation of the director's service to the company.

Key Dates

Keywords

Fiserv, FI, Lance Fritz, Director, Deferred Compensation, Notional Units, Insider Transaction, SEC Form 4, Corporate Governance