Fiserv (NYSE: FI) director converts $37,500 fees into 559 equity units

Rhea-AI Filing Summary

Fiserv Inc. director compensation was partially deferred into equity-based units. On December 31, 2025, the director elected to defer $37,500 of fees under the Fiserv Non-Employee Director Deferred Compensation Plan, receiving 559 deferred compensation notional units.

The number of units was based on the closing price of Fiserv common stock of $67.17 per share on December 31, 2025. Each notional unit is designed to convert into one share of Fiserv common stock after the director’s service with the company ends, effectively tying this portion of director pay to the company’s future share value.

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).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

FRITZ LANCE M

(Last) (First) (Middle)

600 N. VEL R. PHILLIPS AVENUE

(Street)

MILWAUKEE WI 53203

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
FISERV INC [ FISV ]

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)
12/31/2025

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

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
Deferred Compensation Notional Units	(1)	12/31/2025		A		559		(1)	(1)	Common Stock	559	$67.17(1)	1,793	D

Explanation of Responses:

1. These deferred compensation notional units were allocated under the Fiserv, Inc. Non-Employee Director Deferred Compensation Plan (the "Plan"), under which director fees otherwise payable in cash may be deferred in exchange for the allocation of notional units under the Plan. This Form 4 reports the crediting of units under the Plan on December 31, 2025, in respect of $37,500 of deferred compensation. The number of notional units credited is calculated by dividing the amount of compensation that is deferred by the closing price of the company's common stock on the date of deferral, or last business day prior. On December 31, 2025, the closing price of Fiserv's common stock was $67.17 per share. Following cessation of the reporting person's service to the company, each notional unit will be settled in shares of Fiserv common stock on a one-for-one basis.

Remarks:

	/s/ Eric C. Nelson (attorney-in-fact)	01/05/2026
	** 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 insider transaction did Fiserv Inc. (FI) report in this Form 4?

The filing reports that a Fiserv Inc. director deferred $37,500 of cash fees into 559 deferred compensation notional units under the company’s Non-Employee Director Deferred Compensation Plan on December 31, 2025.

How were the 559 deferred compensation notional units for Fiserv Inc. (FI) calculated?

The 559 notional units were calculated by dividing the deferred compensation of $37,500 by the Fiserv common stock closing price of $67.17 per share on December 31, 2025.

What is the underlying security for the Fiserv Inc. (FI) deferred compensation units?

Each deferred compensation notional unit represents the right to receive one share of Fiserv common stock after the director’s service with the company ends.

When will the Fiserv Inc. (FI) deferred compensation notional units be settled?

The filing states that after the reporting person’s service to Fiserv ceases, each notional unit will be settled in one share of Fiserv common stock.

Is this Fiserv Inc. (FI) director transaction a purchase on the open market?

No. The notional units were allocated under the Fiserv, Inc. Non-Employee Director Deferred Compensation Plan in exchange for deferring cash director fees, rather than through an open-market stock purchase.

Does this Fiserv Inc. (FI) filing involve derivative securities?

Yes. The transaction is reported in Table II as deferred compensation notional units, a type of derivative security that is tied to the value of Fiserv common stock and settled in shares on a one-for-one basis.