FI director converts $32,500 fees to 253 equity-linked units
Rhea-AI Filing Summary
Harry DiSimone, a Fiserv, Inc. (FI) director, received 253 deferred compensation notional units under the company's Non-Employee Director Deferred Compensation Plan on 09/30/2025. The units were credited in respect of $32,500 of director fees the reporting person elected to defer. The number of units was calculated by dividing the deferred cash amount by the company's closing common stock price on the deferral date, which was $128.93 per share on 09/30/2025. Each notional unit will be settled, after the reporting person's service ends, in one share of Fiserv common stock. After this allocation, the reporting person beneficially owns 6,915 shares, held directly.
Positive
- Director aligned with shareholders by converting $32,500 of fees into equity-linked notional units
- One-for-one settlement of notional units into common shares provides clear equity exposure upon service cessation
Negative
- None.
Insights
TL;DR: Director deferred fees into equity-equivalent units: 253 units for $32,500.
This Form 4 records a routine director compensation election under Fiserv's Non-Employee Director Deferred Compensation Plan, converting cash fees into notional units that mirror common stock value at $128.93 per share on 09/30/2025. The allocation increases the director's direct beneficial ownership to 6,915 shares.
This is a non-market transaction (code A) tied to compensation deferral rather than open-market purchase or sale, and units convert one-for-one to shares upon cessation of service, preserving equity alignment between the director and shareholders.