Yarkoni Charlotte 4
Research Summary
AI-generated summary
Fiserv Director Charlotte Yarkoni Receives 663-Share Award
What Happened
- Charlotte Yarkoni, a Fiserv (FISV) director, was credited with 663 notional shares (derivative units) on June 30, 2026. The units were valued at $49.05 each, totaling about $32,520. The transaction is reported as an award/acquisition (code A) arising from deferred director compensation rather than an open-market purchase.
Key Details
- Transaction date and price: 2026-06-30 at the closing price of $49.05 per share.
- Shares/units credited: 663 notional units; reported aggregate value ≈ $32,520. The filing notes $32,500 of compensation was deferred and converted into units (663 when dividing $32,500 by $49.05).
- Instrument type: Notional units under the Fiserv, Inc. Non-Employee Director Deferred Compensation Plan (derivative). These units will be settled one-for-one in Fiserv common stock after the reporting person's service ends.
- Shares owned after transaction: Not specified in the provided filing.
- Filing timeliness: Form 4 filed 2026-07-01 for a 6/30/2026 credit — not indicated as late.
Context
- These notional units are deferred compensation for non-employee directors and are commonly used for board pay; they are not an immediate cash purchase of stock and therefore are less of a direct bullish signal than an open-market buy.
- The award is modest in dollar terms (~$32.5k) and reflects routine director compensation rather than a change in ownership strategy.