Form 4: Fiserv Director Yarkoni Reports Acquisition of Deferred Compensation Units

Director Charlotte Yarkoni acquired 148 deferred compensation notional units in Fiserv, Inc. on March 31, 2025, under the company's Non-Employee Director Deferred Compensation Plan.

Summary

• On March 31, 2025, Charlotte Yarkoni, a director at Fiserv Inc., acquired 148 deferred compensation notional units under the Fiserv, Inc. Non-Employee Director Deferred Compensation Plan.
• These units represent deferred director fees, where cash payments are exchanged for notional units.
• The value of the deferred compensation was $32,500.
• The number of units was calculated based on Fiserv's closing stock price of $220.83 on March 31, 2025.
• Upon cessation of service, each notional unit will be settled for one share of Fiserv common stock.

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 the company's shareholders. There are no indications of negative performance or concerns.

Future Outlook

Upon cessation of service, 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, which are common across publicly traded companies. Deferred compensation plans are often used to align the interests of directors with those of shareholders and to provide tax-advantaged savings opportunities.

Comparison to Industry Standards

• Deferred compensation plans for non-employee directors are a common practice among publicly traded companies, including Fiserv's peers such as Global Payments Inc. and Fidelity National Information Services (FIS).
• The structure of Fiserv's plan, where director fees are exchanged for notional units that convert to shares upon cessation of service, is similar to plans offered by other large financial technology companies.
• The amount of deferred compensation and the valuation method (using the closing stock price on the deferral date) are also consistent with industry norms.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders by aligning director interests with company performance through equity ownership.
• There is no significant impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

Fiserv, Director, Deferred Compensation, Notional Units, Form 4, Yarkoni, Director Compensation Plan