BR Form 4: Director Defers Cash into 121 DCUs, Ownership Now 16,006 Shares

Rhea-AI Filing Summary

Brett Keller, a director of Broadridge Financial Solutions, Inc. (BR), was granted 121 Deferred Stock Units (DCUs) on 09/17/2025 under the 2018 Omnibus Award Plan in connection with his deferral of cash compensation. The DCUs vest in full upon grant, are recorded at a price of $0.0000, and will settle into shares of Broadridge common stock beginning when the director separates from service. After the reported transaction, Mr. Keller beneficially owns 16,006 shares. The grant was reported on Form 4 and signed via power of attorney.

Positive

• Immediate vesting of DCUs provides clarity on the director's compensation rights
• Deferral into DCUs aligns a portion of director cash compensation with equity via settlement into common stock at separation
• Post-transaction beneficial ownership disclosed: 16,006 shares, improving transparency

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Routine director compensation deferral; immediate vesting but settlement deferred until separation from service.

The filing documents a non-cash compensation election where a director converted cash fees into 121 Deferred Stock Units that vest immediately and convert to common shares only upon separation from service. This structure is commonly used to align director incentives with long-term shareholder value while deferring share issuance until an exit event. The disclosure is straightforward and contains the required transaction details: grant date, amount, and post-transaction beneficial ownership of 16,006 shares.

Securities Analyst

TL;DR: Small, routine equity award reported; immaterial to overall share count but increases director's reported beneficial ownership.

The Form 4 shows a grant of 121 DCUs at a reported price of $0.0000, reflecting a deferral election rather than a cash payout. Because the DCUs settle only upon separation, there is no immediate share issuance. The transaction increases the director's disclosed beneficial ownership to 16,006 shares. The filing provides clear, limited information and contains no indications of unusual or material activity beyond standard director compensation processing.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

keller brett

(Last) (First) (Middle)

5 DAKOTA DRIVE

(Street)

LAKE SUCCESS NY 11042

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
BROADRIDGE FINANCIAL SOLUTIONS, INC. [ BR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
09/17/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	09/17/2025		A		121(1)	A	$0.0000	16,006	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The reported transaction reflects the grant of Deferred Stock Units under Broadridge's 2018 Omnibus Award Plan in connection with the director's deferral of cash compensation under the Director Deferred Compensation Program and represents a like number of shares of Broadridge common stock (the "DCUs"). The DCUs vest in full upon grant and will settle in shares of Broadridge common stock commencing with the director's separation from service with Broadridge.

	Maria Allen, Power of Attorney	09/19/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Brett Keller report on Form 4 for BR?

He reported a grant of 121 Deferred Stock Units (DCUs) on 09/17/2025, with post-transaction beneficial ownership of 16,006 shares.

When do the Deferred Stock Units (DCUs) settle into Broadridge (BR) common stock?

The DCUs vest in full upon grant but will settle into shares commencing upon the director's separation from service.

What was the reported price for the DCU grant on the Form 4?

The Form 4 lists the price as $0.0000, reflecting a deferred compensation grant rather than a cash purchase price.

Under which plan were the DCUs granted?

The DCUs were granted under Broadridge's 2018 Omnibus Award Plan in connection with the Director Deferred Compensation Program.

Who signed or reported the Form 4 filing?

The filing shows Maria Allen, Power of Attorney, dated 09/19/2025, as the reporting signature/filing representative.