Fiserv director defers $37,500 into stock units
FRITZ LANCE M reported acquisition or exercise transactions in this Form 4 filing.
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Form Type
4
Rhea-AI Filing Summary
FRITZ LANCE M reported acquisition or exercise transactions in this Form 4 filing.
Fiserv Inc. director Lance M. Fritz received a grant of 673 Deferred Compensation Notional Units on March 31, 2026. These units were credited under the company’s Non-Employee Director Deferred Compensation Plan in lieu of $37,500 of cash director fees, using a closing share price of $55.80.
Each notional unit represents one share of Fiserv common stock to be delivered after Fritz ceases board service. Following this grant, he holds a total of 2,466 deferred compensation notional units directly, all ultimately settling in common stock on a one-for-one basis.
Insider Trade Summary
Grant/Award: 673 shares
Grant/Award
1 txn
Insider
FRITZ LANCE M
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Compensation Notional Units | 673 | $55.80 | $38K |
Holdings After Transaction:
Deferred Compensation Notional Units — 2,466 contracts (Direct)
Footnotes (1)
- F1. 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 March 31, 2026, 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 March 31, 2026, the closing price of Fiserv's common stock was $55.80 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.
Key Figures
Deferred compensation amount: $37,500
Notional units granted: 673 units
Share price used: $55.80 per share
+2 more
5 metrics
Deferred compensation amount
$37,500
Director fees converted into notional units on March 31, 2026
Notional units granted
673 units
Deferred Compensation Notional Units credited on March 31, 2026
Share price used
$55.80 per share
Closing price of Fiserv common stock on March 31, 2026
Units after transaction
2,466 units
Total Deferred Compensation Notional Units held directly after grant
Settlement ratio
1 unit : 1 share
Each notional unit settles into one Fiserv common share after service
Key Terms
Deferred Compensation Notional Units, Fiserv, Inc. Non-Employee Director Deferred Compensation Plan, deferred compensation, notional units
4 terms
Deferred Compensation Notional Units financial
"These deferred compensation notional units were allocated under the Fiserv, Inc. Non-Employee Director Deferred Compensation Plan"
Fiserv, Inc. Non-Employee Director Deferred Compensation Plan financial
"were allocated under the Fiserv, Inc. Non-Employee Director Deferred Compensation Plan (the "Plan")"
deferred compensation financial
"director fees otherwise payable in cash may be deferred in exchange for the allocation of notional units"
Deferred compensation is pay that employees or executives have earned now but will receive at a later date, such as delayed bonuses, retirement benefits, or stock grants. It matters to investors because it creates future obligations and shapes incentives—like a promise to pay later that can affect a company’s reported profits, cash needs and potential stock dilution—so it helps signal how a business manages costs and retains key people.
notional units financial
"The number of notional units credited is calculated by dividing the amount of compensation that is deferred"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Fiserv (FI) director Lance M. Fritz report in this Form 4?
Lance M. Fritz reported receiving 673 Deferred Compensation Notional Units. These units were credited instead of $37,500 in cash director fees and are tied to Fiserv’s common stock price, ultimately settling in shares after his board service ends.
How were the 673 notional units for Lance M. Fritz at Fiserv (FI) calculated?
The 673 notional units were calculated by dividing $37,500 of deferred director compensation by Fiserv’s $55.80 closing common stock price on March 31, 2026. This formula converts cash fees into stock-linked units under the Non-Employee Director Deferred Compensation Plan.
What is a Deferred Compensation Notional Unit in Fiserv’s (FI) plan?
A Deferred Compensation Notional Unit tracks the value of one share of Fiserv common stock. Under the Non-Employee Director Deferred Compensation Plan, directors can defer cash fees into these units, which are later settled in shares on a one-for-one basis after service ends.
How many deferred compensation notional units does Lance M. Fritz hold after this Fiserv (FI) transaction?
After this transaction, Lance M. Fritz holds 2,466 Deferred Compensation Notional Units directly. Each unit will convert into one share of Fiserv common stock upon settlement following his cessation of service as a non-employee director on the company’s board.
Is Lance M. Fritz’s Form 4 at Fiserv (FI) an open-market stock purchase or sale?
No, this Form 4 reports a compensation-related allocation, not an open-market trade. Director fees of $37,500 were deferred and converted into 673 stock-linked notional units, granted under Fiserv’s Non-Employee Director Deferred Compensation Plan rather than bought or sold in the market.
AI-generated analysis. How Rhea-AI works. Not financial advice.
