BR Form 4: Director Defers Cash into DCUs Vesting Immediately

Rhea-AI Filing Summary

Markus Maura A., a director of Broadridge Financial Solutions, Inc. (BR), received a grant of Deferred Stock Units (DCUs) on 09/17/2025 under the company's 2018 Omnibus Award Plan in connection with deferral of cash compensation. The filing reports the DCUs vest in full upon grant and will settle into shares of Broadridge common stock beginning when the director separates from service. Following the reported transaction the filing shows 31,245.102 shares as the amount of common stock beneficially owned by the reporting person. The transaction was reported on Form 4 and executed by power of attorney on 09/19/2025.

Positive

• DCUs vest in full upon grant, giving the director immediate equity exposure
• Settlement in shares ties director compensation to long-term shareholder value

Negative

• None.

Insights

Financial Analyst

TL;DR: Routine director compensation election into deferred stock units; immediate vesting but settlement delayed until separation.

The reported Form 4 shows a director elected to take director cash compensation as Deferred Stock Units under the 2018 Omnibus Award Plan. Because the units vest in full upon grant, the director obtains economic exposure to company equity immediately, although actual shares will not be delivered until separation from service. This is a non-cash, non-exercise transaction with a $0.00 per-unit price reported, indicating conversion of cash fees rather than a market purchase. For investors, this is a routine governance/compensation disclosure with limited near-term financial impact on operations or cash flow.

Corporate Governance Expert

TL;DR: Compensation deferral via DCUs is a standard director practice that aligns long-term interests but does not change control or immediate share issuance.

From a governance perspective, the grant aligns the director with shareholder outcomes because deferred units convert to common stock later. The filing notes immediate vesting, which provides an accrued equity interest, but settlement is contingent on separation from service. The transaction is consistent with typical director deferred compensation programs and raises no governance red flags in the document provided.

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

OMB Number:			3235-0287
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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^*

Markus Maura A.

(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		140(1)	A	$0.0000	31,245.102	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 Markus Maura A. report on Form 4 for BR?

He reported a grant of Deferred Stock Units (DCUs) on 09/17/2025 under the 2018 Omnibus Award Plan related to deferral of cash compensation.

Do the Deferred Stock Units vest immediately?

Yes, the filing states the DCUs vest in full upon grant.

When will the DCUs convert into Broadridge (BR) shares?

The DCUs will settle in shares of Broadridge common stock commencing with the director's separation from service.

How many shares does the Form 4 show as beneficially owned after the transaction?

The Form 4 reports 31,245.102 shares as the amount of common stock beneficially owned following the transaction.

Was any cash paid for the DCUs according to the filing?

The transaction lists a price of $0.0000, indicating no cash purchase price was reported for these units.