Mamilli Wafaa 4
Research Summary
AI-generated summary
FISERV Director Mamilli Wafaa Receives 673-Share Award
What Happened
- Mamilli Wafaa, a Fiserv (FISV) director, was credited with 673 notional shares (derivative units) under the Non-Employee Director Deferred Compensation Plan on March 31, 2026. The reported per-share value was $55.80, for a total reported value of $37,553. The transaction is reported as an award/grant (code A).
Key Details
- Transaction date and price: March 31, 2026 — 673 units at $55.80 each (total $37,553).
- Transaction type: Award of deferred-compensation notional units (derivative), reported on Form 4 filed April 2, 2026.
- Shares owned after transaction: Not specified in the filing.
- Footnote summary: The units were credited under Fiserv’s Non-Employee Director Deferred Compensation Plan in respect of $37,500 of deferred compensation. The number of units is calculated by dividing deferred pay by the closing stock price (closing price $55.80 on March 31, 2026). Each notional unit will be settled one-for-one in Fiserv common stock after the director’s service ends.
- Timeliness: Form 4 was filed April 2, 2026 for a March 31, 2026 allocation (appears timely).
Context
- These are not open-market purchases or immediate share issuances; they are bookkeeping (notional) units representing deferred director compensation that will convert to actual shares upon settlement (typically after the director leaves service). Such awards are routine compensation for non-employee directors and do not necessarily signal a buy/sell decision.