Form 4: Fiserv Officer Rosman Reports Share Vesting & Tax Withholding
Statement of Changes in Beneficial Ownership
Fiserv's Chief Administrative and Legal Officer, Adam L. Rosman, reported the vesting of 7,981 performance share units and the subsequent disposition of 3,211 shares for tax obligations.
Summary
- Adam L. Rosman, Chief Administrative and Legal Officer of Fiserv, Inc. (FISV), acquired 7,981 shares of common stock on February 17, 2026.
- These shares were issued upon the vesting of performance share units originally granted on February 22, 2023.
- Concurrently, Rosman disposed of 3,211 shares of common stock on February 17, 2026, at a price of $63.45 per share.
- This disposition was to cover tax liabilities associated with the vesting of the performance share units.
- Following these transactions, Rosman directly beneficially owns 64,566 shares of Fiserv common stock.
- A Power of Attorney was executed on February 18, 2026, authorizing specific individuals to handle SEC filings (Forms 3, 4, 5) and EDGAR access for Rosman.
Sentiment
Score: 7
Explanation: StockSavvy.ai views this as a moderately positive event, reflecting the successful vesting of executive compensation, which aligns management incentives with shareholder value, despite the routine tax-related share disposition.
Positives
- Vesting of 7,981 performance share units indicates successful achievement of performance targets by Adam L. Rosman.
- The acquisition of shares at a $0 price reflects compensation through equity, aligning management's interests with shareholders.
Negatives
- Disposition of 3,211 shares for tax withholding reduces the direct beneficial ownership of the officer.
Management Comments
- Reflects the issuance of shares on February 17, 2026, upon the vesting of performance share units granted on February 22, 2023.
- Reflects payment of tax liability by withholding securities incident to vesting of performance share units.
Industry Context
StockSavvy.ai notes that insider transactions, particularly those related to equity compensation vesting and tax withholding, are routine disclosures and generally do not indicate significant shifts in company strategy or performance. They reflect standard executive compensation practices within the financial technology sector.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney Grant | Adam L. Rosman granted a Power of Attorney to Michael P. Lyons, Paul M. Todd, Eric C. Nelson, and Katie A. Manno to execute SEC Forms 3, 4, and 5 and manage EDGAR access codes on his behalf. | 02/18/2026 | Streamlines compliance with Section 16(a) reporting requirements for the reporting person, ensuring timely and accurate filings. |
Stakeholder Impact
- Shareholders: The vesting of performance share units aligns the interests of a key executive with shareholder value, as their compensation is tied to company performance.
- Management: The transactions represent a routine part of executive compensation, reflecting the realization of previously granted equity awards.
Key Dates
| Date | Description |
|---|---|
| 02/22/2023 | Date performance share units were granted to Adam L. Rosman. |
| 02/17/2026 | Date of share acquisition due to vesting of performance share units and disposition for tax liability. |
| 02/18/2026 | Date the Power of Attorney was executed by Adam L. Rosman. |
Keywords
Fiserv, FISV, Adam L. Rosman, Form 4, Insider Trading, Stock Vesting, Performance Share Units, Equity Compensation, Officer Transactions, SEC Filing
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