Form 4: Fiserv Director Wafaa Mamilli Acquires Notional Units

Director Wafaa Mamilli acquired 673 deferred compensation notional units in Fiserv, Inc. as part of a director fee deferral plan.

Summary

• Director Wafaa Mamilli acquired 673 deferred compensation notional units on March 31, 2026.
• The acquisition was made under the Fiserv, Inc. Non-Employee Director Deferred Compensation Plan.
• The transaction represents $37,500 in deferred director fees.
• The units are valued at $55.80 per share, based on the closing price of Fiserv common stock on the date of deferral.
• Following this transaction, the reporting person holds a total of 1,875 notional units.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral, routine administrative filing regarding director compensation that does not signal a change in company strategy or financial health.

Positives

• Demonstrates alignment of director interests with long-term shareholder value through equity-linked compensation.
• Reflects confidence in the company's long-term prospects by opting to defer cash fees into company stock units.

Negatives

• None identified; this is a routine administrative transaction related to director compensation.

Risks

• Value of the deferred compensation units is directly tied to the future performance of Fiserv common stock.

Future Outlook

Not applicable; this is a disclosure of a past transaction regarding director compensation.

Management Comments

• The transaction is a standard allocation under the company's established Non-Employee Director Deferred Compensation Plan.

Industry Context

StockSavvy.ai notes that director fee deferral programs are standard corporate governance practices in the financial technology sector, designed to ensure board members maintain a vested interest in the company's equity performance.

Comparison to Industry Standards

• The use of deferred compensation plans for directors is consistent with governance practices at large-cap financial services firms like Fidelity National Information Services (FIS) and Jack Henry & Associates (JKHY).

Stakeholder Impact

• Minimal impact on shareholders as this is a standard compensation arrangement.

Next Steps

• The notional units will be settled in shares of Fiserv common stock on a one-for-one basis following the cessation of the director's service.

Key Dates

Keywords

Fiserv, FISV, Form 4, Insider Transaction, Director Compensation, Deferred Compensation