COHEN STEPHANIE 4

What Happened
Stephanie Cohen, a director of Fiserv, was credited with 583 notional units (reported as an acquisition) on March 31, 2026. The units were allocated under the Fiserv, Inc. Non‑Employee Director Deferred Compensation Plan in respect of $32,500 of deferred director fees. The number of units was calculated using the March 31, 2026 closing price of $55.80; the Form 4 reports the derivative award value as $32,531 (transaction code A — award/grant).

Key Details

• Transaction date: March 31, 2026 (Form 4 filed April 2, 2026).
• Transaction type/code: Award/derivative grant (A).
• Amount credited: 583 notional units; reported value $32,531.
• Price used: $55.80 (closing price on date of deferral).
• Deferred compensation amount: $32,500 (footnote).
• Settlement: Each notional unit will be settled one-for-one in Fiserv common shares upon cessation of the reporting person’s service.
• Shares owned after transaction: Not specified in the provided filing.
• Timeliness: Form 4 filed Apr 2, 2026; filing does not indicate a late report.

Context
These are deferred-compensation notional units (a derivative award), not an open‑market purchase or sale. Such allocations are a routine method to defer director fees and will convert to actual shares when the director leaves service; they should be viewed as compensation deferral rather than an independent bullish signal.