Form 4: Fiserv Director Stephanie Cohen's Ownership Update

Stephanie Cohen, a Director at Fiserv Inc., reported a transaction involving deferred compensation notional units on June 30, 2026.

Summary

• Stephanie Cohen, a Director at Fiserv Inc., has reported a transaction related to deferred compensation.
• On June 30, 2026, notional units were credited under the Fiserv, Inc. Non-Employee Director Deferred Compensation Plan.
• This transaction represents the deferral of $32,500 of director fees into notional units.
• The number of notional units credited is 663, calculated by dividing the deferred compensation by the closing stock price of $49.05 on June 30, 2026.
• These notional units are intended to be settled in shares of Fiserv common stock on a one-for-one basis after the reporting person ceases service to the company.
• Following this transaction, Stephanie Cohen beneficially owns 1,246 shares of common stock directly.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it represents a standard disclosure of director compensation and ownership, with no significant positive or negative implications for the company's immediate financial performance.

Positives

• Director Stephanie Cohen continues to participate in the company's deferred compensation plan, indicating ongoing engagement.
• The crediting of notional units reflects a commitment to deferring compensation, aligning management's interests with long-term shareholder value.
• The transaction is based on a clear calculation using the company's stock price, demonstrating transparency.

Risks

• The value of the deferred compensation is tied to the future performance of Fiserv's common stock, meaning a decline in stock price would reduce the value of these notional units.
• The settlement of notional units occurs after the reporting person ceases service, introducing a time lag and potential market volatility risk during that period.

Future Outlook

Notional units 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.

Industry Context

StockSavvy.ai notes that this Form 4 filing by a Fiserv Inc. director is a routine disclosure of ownership changes, reflecting standard corporate governance practices in the financial technology sector where executive compensation often includes equity-linked instruments.

Corporate Governance

Stakeholder Impact

• Shareholders: The transaction reflects standard director compensation practices and does not immediately impact share count or dilution. The value of the deferred compensation is subject to stock price fluctuations, aligning director interests with shareholder value.
• Employees: No direct impact on employees is indicated by this filing.
• Creditors: No impact on creditors is indicated by this filing.

Next Steps

• Settlement of notional units in Fiserv common stock upon cessation of service by Stephanie Cohen.

Key Dates

Keywords

Fiserv Inc., FISV, Form 4, Stephanie Cohen, Director, Deferred Compensation, Notional Units, Beneficial Ownership, Stock Plan, SEC Filing