Nixon Gordon M. 4
Research Summary
AI-generated summary
Fiserv (FISV) Director Gordon Nixon Receives 785-Share Award
What Happened
- Gordon M. Nixon, a non-employee director of Fiserv, was credited with 785 notional units (derivative award) on March 31, 2026. Each unit was valued at the closing price of $55.80, giving an aggregate value reported on the Form 4 of $43,803. This transaction is an award/crediting of deferred compensation, not an open‑market purchase or sale.
Key Details
- Transaction date: 2026-03-31; Price used: $55.80 per share; Units credited: 785; Reported value: $43,803.
- Footnote: Units were allocated under the Fiserv Non-Employee Director Deferred Compensation Plan in respect of $43,750 of deferred fees. The number of units is calculated by dividing the deferred amount by the closing stock price; minor rounding explains the small difference between $43,750 and $43,803.
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Filing date: 2026-04-02 (appears timely relative to the 03/31/2026 transaction).
Context
- These are notional/derivative units tied to deferred director compensation. Each notional unit will be settled one-for-one in Fiserv common stock only after the reporting person’s service to the company ends. This is a routine compensation credit for a director and should be viewed as administrative compensation rather than a direct market buy or sell signal.