Fiserv (FISV) Director Stephanie Cohen Receives Award

What Happened
Stephanie Cohen, a member of Fiserv's board, was credited with 775 deferred compensation notional units on September 30, 2026. The units were calculated using a closing stock price of $45.18, representing $35,015 of deferred director fees. This transaction is an award/acquisition of derivative units under a director deferred compensation plan, not an open-market buy.

Key Details

• Transaction date: 2026-09-30 (reported on Form 4 filed 2026-10-01).
• Unit count and price: 775 notional units at $45.18 per share, total value reported $35,015 (reflecting $35,000 of deferred compensation).
• Shares owned after transaction: Not specified in this filing.
• Footnote: Units were allocated under the Fiserv, Inc. Non-Employee Director Deferred Compensation Plan; number of units = deferred cash amount ÷ closing price.
• Settlement: Each notional unit will be settled in one share of Fiserv common stock after Cohen’s service to the company ends.
• Timeliness: Filing appears timely (transaction 9/30/2026, Form 4 filed 10/01/2026).

Context
These are deferred-compensation notional units (a derivative award) credited in lieu of cash director fees. They do not represent immediate share ownership but will convert one-for-one into shares when the director’s service ends. Such deferred-compensation credits are routine for non-employee directors and are recorded as awards rather than market purchases or sales.