Todd Paul M 4

What Happened

• Todd M. Paul, Chief Financial Officer of FISERV, was granted 104,363 restricted stock units (RSUs) on June 15, 2026. The filing reports an acquisition at $0.00 per share (no cash exchanged) — this is a compensation award, not an open-market purchase or sale.

Key Details

• Transaction date: 2026-06-15; filing date: 2026-06-16.
• Grant amount: 104,363 RSUs; reported price: $0.00; reported cash value in filing: $0.
• Shares owned after the transaction: not specified in the provided filing data.
• Footnote: One-third of these RSUs vest on each anniversary of the grant date (F1).
• Filing timeliness: filed next day (no late filing indicated in the provided information).

Context

• RSU grants are a form of equity compensation and typically vest over time (here in three annual installments). Because no cash was paid, the grant itself is neutral as a buy/sell signal — it reflects compensation policy rather than an immediate insider purchase.
• Watch for future Form 4s showing vesting-related releases or subsequent sales (including any tax-withholding share withholding), which can be more directly informative about insider selling.