Frank Bisignano - Feb 22, 2023 Form 4 Insider Report for FISERV INC (FI)

Signature
/s/ Eric C. Nelson (attorney-in-fact)
Stock symbol
FI
Transactions as of
Feb 22, 2023
Transactions value $
-$1,392,653
Form type
4
Date filed
2/24/2023, 05:02 PM
Previous filing
Feb 16, 2023
Next filing
Feb 27, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FI Common Stock Award $0 +76.7K +2.73% $0.00 2.89M Feb 22, 2023 Direct F1
transaction FI Common Stock Tax liability -$1.39M -12K -0.41% $116.54 2.88M Feb 23, 2023 Direct F2
holding FI Common Stock 4.29K Feb 22, 2023 See Footnote F3
holding FI Common Stock 81.6K Feb 22, 2023 By Trust F4
holding FI Common Stock 30K Feb 22, 2023 See Footnote F5
holding FI Common Stock 730 Feb 22, 2023 See Footnote F3
holding FI Common Stock 14.9K Feb 22, 2023 By Spouse
holding FI Common Stock 300 Feb 22, 2023 See Footnote F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On February 22, 2023, the independent members of the board of directors granted Mr. Bisignano's incentive compensation for 2022 entirely in the form of equity awards, with 60% of the awards (112,921 units) in the form of performance share units (PSUs) that vest at the end of a three-year performance period based on the achievement of performance goals and 40% of the awards (76,676 units) in the form of restricted stock units (RSUs). The 60 / 40% ratio of PSUs to RSUs, respectively, reflects an increased level of PSUs compared to the 50 / 50% ratio in the prior year. The restricted stock units are reported on this Form 4 and vest one-third on each anniversary of the grant date.
F2 Reflects payment of tax liability by withholding securities incident to vesting of restricted stock units.
F3 These shares are held in an account, of which the reporting person acts as custodian, for the benefit of a minor.
F4 These shares are held by trusts, of which the reporting person serves as trustee, for the benefit of the reporting person's children.
F5 Held by the Frank J. Bisignano 2022 Grantor Retained Annuity Trust.