Fiserv (FI) CEO granted 309,158 restricted stock units in new equity award

Rhea-AI Filing Summary

Lyons Michael P. reported acquisition or exercise transactions in this Form 4 filing.

FISERV INC Chief Executive Officer Michael P. Lyons received an equity award in the form of restricted stock units. On the reported date, he was granted 309,158 shares of common stock at no cash cost, increasing his directly held stake to 351,317 shares.

According to the filing, these restricted stock units vest over time, with one-third of the units vesting on each anniversary of the grant date. This structure ties a significant portion of the CEO’s compensation to the company’s future share performance and continued service.

Insights

Executive compensation analyst

Large time-vested equity award aligns CEO pay with long-term stock performance.

The Chief Executive Officer of FISERV INC, Michael P. Lyons, was granted 309,158 restricted stock units representing common shares at a price of $0.00 per share. After this award, his directly held stake totals 351,317 shares, indicating a substantial equity-based component of compensation.

The footnote states that one-third of these units vest on each anniversary of the grant date. This multi‑year vesting schedule encourages leadership retention and focuses incentives on sustained company performance rather than short‑term results. Actual value realized will depend on the share price when units vest and settle.

Because this is a non‑cash, time‑based grant, it does not immediately affect cash flows, but it does add to future share-based compensation overhang. Subsequent disclosures in future periods will show how much of this award has vested and been delivered as common stock.

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

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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^*

Lyons Michael P.

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

3. Date of Earliest Transaction (Month/Day/Year)
02/18/2026

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
Common Stock	02/18/2026		A		309,158(1)	A	$0	351,317	D

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

Explanation of Responses:

1. One-third of these restricted stock units vest on each anniversary of the grant date.

Remarks:

	/s/ Eric C. Nelson (attorney-in-fact)	02/20/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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FAQ

What did FI CEO Michael P. Lyons report in this Form 4 filing?

Michael P. Lyons reported receiving 309,158 restricted stock units representing Fiserv common stock. These units were granted at no cash cost and increased his directly held position to 351,317 shares, reflecting a significant equity-based component of his compensation package.

How many Fiserv (FI) shares did the CEO acquire in this transaction?

The CEO acquired 309,158 shares in the form of restricted stock units. This equity award increased his directly held stake to 351,317 common shares, tying more of his compensation to the company’s future stock performance and overall long-term results for shareholders.

What type of security did Michael P. Lyons receive from Fiserv (FI)?

He received restricted stock units linked to Fiserv common stock. The filing describes the security as common stock, with a footnote clarifying these are restricted stock units that convert into shares over time as vesting conditions are satisfied under the award terms.

What is the vesting schedule for the CEO’s 309,158 restricted stock units at FI?

The 309,158 restricted stock units vest in three equal installments over three years. One-third of the units vests on each anniversary of the grant date, meaning the CEO earns the underlying shares gradually, assuming continued service and satisfaction of vesting conditions.

Did Fiserv (FI) CEO Michael P. Lyons pay cash for these new shares?

No, the CEO did not pay cash for these shares. The reported price per share is $0.00, indicating a compensation grant rather than an open-market purchase. The economic value to him depends on Fiserv’s stock price when the restricted units vest into shares.

How did this equity grant change the CEO’s total Fiserv (FI) holdings?

Following the 309,158-share restricted stock unit grant, the CEO’s directly held Fiserv common stock position increased to 351,317 shares. This larger equity stake further links his personal financial outcomes with the company’s long-term stock performance and shareholder value creation.