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

Director Lance M. Fritz acquired 32 deferred compensation notional units of Fiserv Inc. on March 31, 2024, under the company's Non-Employee Director Deferred Compensation Plan.

Summary

• On March 31, 2024, Lance M. Fritz, a director of Fiserv Inc., acquired 32 deferred compensation notional units.
• These units were allocated under the Fiserv, Inc. Non-Employee Director Deferred Compensation Plan.
• The units represent deferred director fees, where $5,000 of compensation was deferred.
• 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 document reflects a standard transaction related to director compensation, indicating stable corporate governance practices. It's neither overwhelmingly positive nor negative.

Future Outlook

Upon 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 director compensation in the form of deferred stock units, a common practice among publicly traded companies to align director interests with shareholder value.

Comparison to Industry Standards

• Deferred compensation plans for non-employee directors are a common practice among S&P 500 companies.
• Companies like Visa and Mastercard also utilize deferred stock unit plans for their directors.
• The specific terms, such as the deferral amount and valuation date, vary based on company policy and individual director elections.

Stakeholder Impact

• The transaction has a minimal direct impact on shareholders, employees, customers, suppliers, and creditors.
• It reflects a standard compensation practice for directors.

Key Dates