Fiserv, Inc. Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Fiserv, Inc. on February 20, 2026, reporting an event that occurred on February 18, 2026. The filing details a supplemental equity award granted to the Company's Chief Executive Officer, Michael P. Lyons, by the independent members of the Board of Directors.
Key Financial Metrics
The filing does not report revenue, profit, cash flow, margins, debt, or liquidity metrics. The only financial values disclosed relate to the valuation of the executive compensation package:
- Supplemental PSU Grant Value: Approximately $18 million.
- Supplemental RSU Grant Value: Approximately $12 million.
- Annual Equity Incentive Award (Same Date): Approximately $18.7 million.
Material Changes
The material change reported is the granting of a supplemental equity award to the CEO. This award is distinct from the standard annual equity incentive and is designed to recognize leadership in executing the "One Fiserv" strategic action plan and to promote retention.
Guidance, Outlook, and Management Commentary
Management commentary indicates the award aligns the CEO's incentives with long-term shareholder value creation. Key terms include:
- Performance Share Units (PSUs): Cliff vest after three years. Performance goals are tied to relative total shareholder return and the "One Fiserv" action plan. Specific metrics for the action plan will be defined at the 2026 investor day.
- Restricted Stock Units (RSUs): Vest pro-rata over three years.
- Annual Award Structure: The concurrent annual award consists of 60% PSUs (cliff vesting based on relative TSR, adjusted revenue growth, adjusted EPS, and free cash flow conversion) and 40% RSUs (pro-rata vesting).
The filing does not provide specific financial guidance, risk factors, or contingencies beyond the standard incorporation by reference to the Form 10-K.
Investor Verification Checklist
- Verify the specific performance metrics for the "One Fiserv" action plan once announced at the 2026 investor day.
- Review the full award agreements (Exhibits 10.4 and 10.18) in the Form 10-K filed on February 19, 2026, for detailed vesting conditions and forfeiture clauses.
- Confirm the total equity compensation exposure for the CEO by combining the supplemental award ($30 million total value) with the annual award ($18.7 million).