Fiserv (FI) director Lance Fritz receives 4,121 restricted stock units in equity grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Fiserv Inc. director Lance M. Fritz received a grant of 4,121 restricted stock units (RSUs) of Fiserv common stock as equity compensation. The award was reported as an acquisition with no cash paid per share, reflecting a typical stock-based grant rather than a market purchase.
The RSUs will vest 100% on the earlier of the first anniversary of the grant date or immediately before the first annual shareholders’ meeting after the grant date. After this grant, Fritz directly holds 17,207 shares and RSUs in total, aligning his compensation further with shareholder interests.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
FRITZ LANCE M
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 4,121 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 17,207 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSUs granted: 4,121 units
Grant price per share: $0.00 per share
Total holdings after grant: 17,207 shares
+1 more
4 metrics
RSUs granted
4,121 units
Restricted stock unit award to Lance M. Fritz
Grant price per share
$0.00 per share
Reported transaction price for RSU grant
Total holdings after grant
17,207 shares
Direct holdings following the transaction
Transaction code
A
Grant, award, or other acquisition of common stock
Key Terms
restricted stock units, contingent right, vest, annual meeting of shareholders
4 terms
restricted stock units financial
"These restricted stock units each represent a contingent right to receive one share of Fiserv, Inc. common stock."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
contingent right financial
"These restricted stock units each represent a contingent right to receive one share of Fiserv, Inc. common stock."
vest financial
"The restricted stock units vest 100% on the earlier of: (i) the first anniversary of the grant date; or (ii) immediately prior to the first annual meeting of shareholders after the grant date."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.