Form 4: Stephanie Cohen Increases Fiserv Equity Stake

Director Stephanie Cohen acquired 583 notional units of Fiserv common stock through the company's deferred compensation plan.

Summary

• Director Stephanie Cohen was credited with 583 deferred compensation notional units on March 31, 2026.
• The transaction represents $32,500 in deferred director fees converted into equity units.
• The units were valued at $55.80 per share, based on the closing price of Fiserv common stock on the date of deferral.
• These units will be settled in shares of Fiserv common stock on a one-for-one basis following the cessation of the director's service.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral, routine administrative filing that confirms director commitment but does not signal a change in company strategy or financial outlook.

Positives

• Demonstrates alignment of interest between the director and shareholders through equity-based compensation.
• Reflects confidence in the company's long-term value by opting for stock-based units over cash compensation.

Negatives

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

Risks

• Value of the deferred units is subject to the future market performance of Fiserv common stock.

Future Outlook

The filing does not provide forward-looking business guidance, as it is a routine disclosure of director compensation.

Management Comments

• The transaction is part of the Fiserv, Inc. Non-Employee Director Deferred Compensation Plan.

Industry Context

StockSavvy.ai notes that the use of deferred compensation plans for directors is a standard corporate governance practice in the financial technology sector to ensure long-term alignment with shareholder interests.

Comparison to Industry Standards

• The practice of settling director fees in equity units is consistent with compensation structures at major financial services firms like Fidelity National Information Services (FIS) and Jack Henry & Associates (JKHY).

Corporate Governance

Stakeholder Impact

• Shareholders benefit from increased alignment between board members and company performance.

Next Steps

• Settlement of notional units into common stock upon the director's departure from the board.

Key Dates

Keywords

Fiserv, FISV, Director Compensation, Insider Transaction, Form 4, Equity Ownership