Fiserv director granted 4,121 restricted stock units
Mamilli Wafaa reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Mamilli Wafaa reported acquisition or exercise transactions in this Form 4 filing.
Fiserv Inc. director Wafaa Mamilli received a grant of 4,121 restricted stock units of common stock as equity compensation. The award was recorded at a price of $0.00 per unit, indicating it is a stock-based grant rather than an open-market purchase. These restricted stock units each represent a contingent right to receive one Fiserv common share and 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. Following this grant, Mamilli directly holds 12,426 shares of Fiserv common stock, reflecting her updated equity stake.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 4,121 shares
Grant/Award
1 txn
Insider
Mamilli Wafaa
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 4,121 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 12,426 shares (Direct)
Footnotes (1)
- F1. These restricted stock units each represent a contingent right to receive one share of Fiserv, Inc. common stock. 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.
Key Figures
RSUs granted: 4,121 units
Grant price per unit: $0.00 per unit
Shares after transaction: 12,426 shares
+2 more
5 metrics
RSUs granted
4,121 units
Restricted stock units of Fiserv common stock granted to director
Grant price per unit
$0.00 per unit
Recorded transaction price for the RSU award
Shares after transaction
12,426 shares
Total Fiserv common stock directly held after the grant
Vesting schedule
100% cliff vest
Earlier of first anniversary of grant or first annual meeting of shareholders
Security type
Common Stock / RSUs
Restricted stock units each linked to one common share
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 the first anniversary of the grant date or immediately prior to the first annual meeting of shareholders."
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.
FAQ
What insider transaction did Fiserv (FI) disclose for director Wafaa Mamilli?
Fiserv disclosed that director Wafaa Mamilli received 4,121 restricted stock units (RSUs) of common stock. The RSUs were granted as equity compensation at $0.00 per unit and represent a contingent right to receive Fiserv common shares upon vesting.
How many Fiserv (FI) restricted stock units were granted in this Form 4 filing?
The filing reports a grant of 4,121 restricted stock units of Fiserv common stock. Each RSU represents a contingent right to one share of common stock, and the award was recorded with a transaction price of $0.00 per unit as part of compensation.
What is the vesting schedule for Wafaa Mamilli’s Fiserv (FI) restricted stock units?
The RSUs vest 100% on the earlier of two dates. They fully vest on the first anniversary of the grant date or immediately before the first annual meeting of shareholders after the grant date, whichever comes first, providing a clear one-time vesting event.
Was the Fiserv (FI) RSU transaction an open-market stock purchase?
No, the transaction was a grant of restricted stock units at $0.00 per unit. It is classified as a “grant, award, or other acquisition,” meaning it is compensation-based rather than an open-market buy at a prevailing share price.
What does each Fiserv (FI) restricted stock unit in this grant represent?
Each restricted stock unit represents a contingent right to receive one Fiserv common share. The units convert into actual shares only upon vesting, according to the schedule tied to the first anniversary or the next annual shareholders meeting.
AI-generated analysis. How Rhea-AI works. Not financial advice.
