Form 4: Fiserv Director Lance M. Fritz Acquires Deferred Compensation Units

Director Lance M. Fritz acquired 159 deferred compensation notional units of Fiserv Inc. on December 31, 2024, representing $32,500 of deferred compensation.

Summary

• Lance M. Fritz, a director at Fiserv Inc., received 159 deferred compensation notional units on December 31, 2024.
• These units were allocated under the Fiserv, Inc. Non-Employee Director Deferred Compensation Plan.
• The units represent $32,500 of deferred compensation, where director fees were deferred in exchange for notional units.
• The number of units was calculated using 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 for one share of Fiserv common stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is a normal and expected part of corporate governance. There are no indications of any negative or positive surprises.

Positives

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

This is a standard practice for director compensation, aligning their interests with the company's long-term performance. Many companies use deferred compensation plans as part of their overall compensation strategy for directors.

Comparison to Industry Standards

• Deferred compensation plans are a common practice for directors in publicly traded companies, including those in the financial technology sector like Fiserv.
• Companies such as Global Payments Inc. and Fidelity National Information Services (FIS) also utilize similar compensation structures for their board members.
• The value of the deferred compensation and the method of conversion to shares are consistent with industry norms.

Stakeholder Impact

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

Key Dates

Keywords

Fiserv, Deferred Compensation, Director, Notional Units, Form 4, Lance M. Fritz, Director Compensation