Form 4: Fiserv Director Mamilli Wafaa Reports Acquisition of Deferred Compensation Notional Units

Director Mamilli Wafaa reports acquisition of deferred compensation notional units under Fiserv's Non-Employee Director Deferred Compensation Plan.

Summary

• On March 31, 2025, Fiserv Director Wafaa Mamilli acquired 148 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 $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 director's service to the company.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. It reflects a routine transaction related to director compensation, indicating alignment of interests between the director and shareholders. There are no indications of negative news or concerns.

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 related to director compensation practices, specifically the deferral of fees into notional units that convert to company stock. Many companies offer similar deferred compensation plans to align director interests with shareholder value.

Comparison to Industry Standards

• Deferred compensation plans for non-employee directors are a common practice among publicly traded companies, including Fiserv's competitors in the financial technology sector.
• Companies like Global Payments Inc. and Fidelity National Information Services (FIS) also offer similar plans to attract and retain qualified board members.
• The specific terms of these plans, such as the deferral rate and the conversion mechanism, can vary based on company policy and market conditions.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders by aligning director interests with the long-term performance of the company.
• The impact on employees, customers, suppliers, and creditors is negligible.

Key Dates

Keywords

Form 4, Fiserv, Director, Deferred Compensation, Notional Units, Mamilli Wafaa