Form 4: Fiserv Director Lance M. Fritz Reports Acquisition of Deferred Compensation Notional Units

Director Lance M. Fritz reports acquisition of 219 deferred compensation notional units under Fiserv's Non-Employee Director Deferred Compensation Plan.

Summary

• On June 30, 2024, Lance M. Fritz, a director of Fiserv Inc., acquired 219 deferred compensation notional units under the company's Non-Employee Director Deferred Compensation Plan.
• These units were allocated in exchange for $32,500 of deferred director fees.
• The number of units was calculated based on Fiserv's closing stock price of $149.04 on June 28, 2024.
• 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.

Sentiment

Score: 7

Explanation: The document reflects a neutral event (director compensation) with no immediate positive or negative implications for the company's financial health or stock performance.

Future Outlook

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

Industry Context

This filing is a routine disclosure of insider activity related to director compensation plans, which are common in publicly traded companies like Fiserv.

Comparison to Industry Standards

• Deferred compensation plans for non-employee directors are a common practice among S&P 500 companies, including Fiserv's peers such as Global Payments Inc. and Fidelity National Information Services (FIS).
• These plans typically allow directors to defer cash compensation in exchange for stock or stock-based units, aligning their interests with those of shareholders.
• The specific terms of these plans, such as the deferral rate and the timing of settlement, can vary across companies.

Stakeholder Impact

• The transaction has a minimal direct impact on shareholders, employees, customers, suppliers, or creditors.
• It reflects the company's ongoing compensation practices for its board of directors.

Key Dates