Fiserv Director Stephanie Cohen Deffers Cash Fees into 775 Notional Stock Units

Transaction Overview

On September 30, 2026, Stephanie Cohen, a member of the Board of Directors of Fiserv, Inc. ($FISV), acquired 775 Deferred Compensation Notional Units at an effective price of $45.18 per unit, totaling approximately $35,015.

Transaction Details and Context

• Plan Mechanism: The notional units were credited pursuant to the Fiserv, Inc. Non-Employee Director Deferred Compensation Plan. Under this plan, non-employee directors may elect to defer cash compensation in exchange for notional units pegged to Fiserv common stock.
• Pricing & Settlement: The units were credited based on $35,000 of deferred compensation divided by the closing stock price on the deferral date ($45.18). Following the director's departure from the board, these notional units settle into Fiserv common stock on a 1-for-1 basis.
• Holdings: Following this transaction, Director Cohen directly holds 2,021 notional units.

Market and Sentiment Impact

This filing represents a routine deferral of director compensation rather than an open-market purchase or sale. Because the transaction is part of standard director equity-linked compensation under a pre-established plan, it carries Low trading significance for investors, though it continues to align the director's financial interests with long-term shareholder value.