COHEN STEPHANIE 4

What Happened

• Stephanie Cohen, a non-employee director of Fiserv, was credited with 663 notional units (reported as an award/acquisition) on June 30, 2026. The units were calculated at a closing stock price of $49.05, representing $32,520 in deferred compensation.
• These are deferred-compensation notional units (derivative), not immediate common shares. Each unit will be settled one-for-one into Fiserv common stock after Cohen’s service as a director ends.

Key Details

• Transaction date and price: June 30, 2026; 663 units at an equivalent price of $49.05 per share (total ~$32,520).
• Transaction type: Grant / Award (Form 4 code A); derivative (notional units) credited under the Non-Employee Director Deferred Compensation Plan.
• Shares owned after transaction: Not specified in the filing.
• Footnote summary: The units were allocated in lieu of $32,500 of director cash fees. Number of units = deferred amount ÷ closing price ($49.05). Each unit will convert to one share upon cessation of service.
• Filing timeliness: Reported on Form 4 filed 2026-07-01 for a 2026-06-30 deferral — filed promptly (not marked late).

Context

• Deferred-compensation notional units are a common way for boards to receive equity-linked pay and do not represent an open-market purchase or sale. They are a future settlement arrangement and do not indicate immediate buying or selling sentiment.