Form 4: Fiserv Inc. COO Reports Stock Disposals for Tax Obligations
SEC Form 4 Filing
Guy Chiarello, Chief Operating Officer of Fiserv Inc., reported disposing of shares to cover tax liabilities related to vesting restricted stock units.
Summary
- On February 23, 2024, Guy Chiarello, the Chief Operating Officer of Fiserv Inc., disposed of 6,891 shares of common stock at a price of $150.76 to cover tax liabilities.
- On February 26, 2024, Chiarello disposed of an additional 2,827 shares at $150.96 for the same reason.
- Following these transactions, Chiarello directly owns 163,699 shares and indirectly owns 37,381 shares through The Denise Chiarello 2021 Trust.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment.
Industry Context
This is a routine filing related to insider transactions. It is common for executives to sell shares to cover tax obligations when restricted stock units vest.
Stakeholder Impact
- The stock disposal may have a minor impact on shareholders due to the increased supply of shares, but it is unlikely to be significant given the relatively small number of shares involved.
Key Dates
| Date | Description |
|---|---|
| 02/23/2024 | Disposal of 6,891 shares of Fiserv common stock at $150.76. |
| 02/26/2024 | Disposal of 2,827 shares of Fiserv common stock at $150.96. |
| 02/27/2024 | Date of signature by attorney-in-fact. |
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