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

Director Lance M. Fritz reports acquisition of 148 deferred compensation notional units under Fiserv's Non-Employee Director Deferred Compensation Plan.

Summary

• On March 31, 2025, Lance M. Fritz, a director of Fiserv Inc., acquired 148 deferred compensation notional units under the company's Non-Employee Director Deferred Compensation Plan.
• These units represent deferred director fees, where $32,500 of compensation was deferred.
• The number of units was calculated based on Fiserv's closing stock price of $220.83 on March 31, 2025.
• 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.
• Following the transaction, Mr. Fritz directly owns 739 derivative securities.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects a standard director compensation practice that aligns interests with shareholders.

Positives

• The acquisition of deferred compensation units aligns the director's interests with the long-term performance of Fiserv.
• The deferred compensation plan allows directors to convert fees into company stock, potentially increasing their stake in the company's success.

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

Deferred compensation plans for directors are a common practice in publicly traded companies, allowing directors to align their interests with shareholders and defer income for tax planning purposes.

Comparison to Industry Standards

• Many companies, such as Visa and Mastercard, offer similar deferred compensation plans for their non-employee directors.
• The structure of Fiserv's plan, where notional units are settled in shares of common stock, is consistent with industry norms.
• The amount of deferred compensation, $32,500, appears to be within a typical range for director compensation at companies of Fiserv's size and market capitalization.

Stakeholder Impact

• The acquisition of deferred compensation units has a minimal direct impact on shareholders, employees, customers, suppliers, or creditors.
• It reinforces the director's commitment to the company's long-term success, which indirectly benefits stakeholders.

Key Dates

Keywords

Fiserv, Director, Deferred Compensation, Notional Units, Form 4, Securities, Beneficial Ownership