FISERV INC
For the period ended May 21, 2026. Filed Apr 2, 2026.
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May 21, 2026 · Filed Apr 2, 2026
Contents
Summary Compensation Table
The following table sets forth in summary form the compensation of our chief executive officer, our chief financial officer, our three highest paid executive officers other than the chief executive officer and chief financial officer, our former chief executive officer, our former chief financial officer, and two individuals who each would have been one of our three highest paid executive officers other than the chief executive officer and chief financial officer but for the fact that each was not serving as an executive officer at the end of 2025 (collectively, our “named executive officers”) for the year ended December 31, 2025.
| Name and Principal Position | Year | Salary ($) | Bonus(1) ($) | Stock Awards(2)(3)(4) ($) | Non-Equity Incentive Plan Compensation(4)(5) ($) | All Other Compensation(6) ($) | Total ($) |
|---|---|---|---|---|---|---|---|
| Michael P. Lyons Chief Executive Officer(7) | 2025 | 1,214,236 | 11,665,109 | 55,881,279 | — | 1,581,368 | 70,341,992 |
| Paul M. ToddChief Financial Officer(8) | 2025 | 215,909 | 750,000 | 1,791,502 | — | — | 2,757,411 |
| Panagiotis (Takis) GeorgakopoulosCo-President(9) | 2025 | 1,000,000 | 12,937,840 | — | — | 13,937,840 | |
| Dhivya SuryadevaraCo-President(10) | 2025 | 83,333 | 3,300,000 | 13,415,896 | — | — | 16,799,229 |
| Adam L. Rosman Chief Administrative Officer and Chief Legal Officer | 2025 | 750,000 | — | 5,121,301 | — | — | 5,871,301 |
| 2024 | 725,000 | — | 3,387,760 | — | — | 4,112,760 | |
| 2023 | 600,000 | — | 3,075,468 | 696,000 | — | 4,371,468 | |
| Frank J. Bisignano Former Chairman of the Board and Chief Executive Officer(11) | 2025 | 487,879 | — | 25,600,157 | — | 292,193 | 26,380,229 |
| 2024 | 1,400,000 | — | 22,016,635 | — | 357,848 | 23,774,483 | |
| 2023 | 1,400,000 | — | 23,252,867 | 3,000,000 | 290,891 | 27,943,757 | |
| Guy Chiarello Former Chief Operating Officer(12) | 2025 | 1,000,000 | — | 7,500,186 | — | — | 8,500,186 |
| 2024 | 1,000,000 | — | 8,104,354 | — | — | 9,104,354 | |
| 2023 | 1,000,000 | — | 9,782,811 | 1,560,000 | — | 12,342,811 | |
| John Gibbons Former Co-Head of Financial Institutions Group(13) | 2025 | 750,000 | | 5,660,596 | 6,410,596 | ||
| 2024 | 750,000 | — | 3,965,017 | — | 63,281 | 4,778,297 | |
| Robert W. Hau Former Chief Financial Officer(14) | 2025 | 750,000 | — | 8,248,067 | — | — | 8,998,067 |
| 2024 | 750,000 | — | 5,656,705 | — | — | 6,406,705 | |
| 2023 | 718,750 | — | 5,700,058 | 900,000 | — | 7,318,808 | |
| (1) | Upon joining our company, Mr. Lyons received a cash payment of $11,665,109 intended to replace unvested equity awards from his prior employer scheduled to vest within the month following his appointment and the cash portion of his 2024 annual incentive compensation that was expected to be provided had he |
remained employed by his former employer, and Ms. Suryadevara received a cash sign-on payment of $2,100,000. Ms. Suryadevara also received an annual cash incentive of $1,200,000 pursuant to her offer letter. Mr. Todd received an annual cash incentive of $750,000 pursuant to his offer letter.
56 | Fiserv, Inc. 2026 Proxy Statement
| (2) | Reflects the grant date fair value of the awards granted in the respective years under the Incentive Plan. Information about the assumptions that we used to determine the fair value of equity awards is set forth in our Annual Report on Form 10-K in Note 15 to our Consolidated Financial Statements for the year ended December 31, 2025. |
| (3) | The amounts shown in this column for 2025 include the grant date fair value of restricted stock units and performance share units granted to Messrs. Lyons ($46,028,499), Todd ($791,459), Georgakopoulos ($6,937,645), Rosman ($2,746,162), Gibbons ($3,035,382), and Hau ($4,422,859) and Ms. Suryadevara ($3,605,852) at the target award level. With respect to performance share units, the value realized at the end of the three-year performance period will depend on the company’s achievement of relative total shareholder return, organic revenue growth and adjusted earnings per share goals over the three-year period and will range from 0% to 200% of the target award. If the highest level of performance conditions is met, the grant date fair value of these 2025 awards would be as follows: Mr. Lyons – $92,056,998; Mr. Todd – $1,582,917; Mr. Georgakopoulos – $13,875,290; Mr. Rosman – $5,492,324; Ms. Suryadevara – $7,211,703; Mr. Gibbons – $6,070,764; and Mr. Hau – $8,845,718. |
| (4) | In 2023, the talent and compensation committee approved the following annual incentive amounts based on our achievement of adjusted revenue for incentive compensation and adjusted operating income in 2022: Mr. Bisignano – $2,455,000; Mr. Chiarello – $1,596,400; Mr. Hau – $921,000; Mr. Rosman – $712,240. The committee elected to pay these annual incentive awards for 2022 entirely in equity, comprised of 50% performance share units and 50% restricted stock units, except in the case of Mr. Bisignano, who received 60% performance share units and 40% restricted stock units. Because these equity grants were made in 2023, the grant date fair value of these awards is included in the stock awards column in 2023 in accordance with applicable Securities and Exchange Commission rules. |
In 2025, the talent and compensation committee approved the following annual incentive amounts based on our achievement of adjusted revenue for incentive compensation and adjusted operating income for 2024: Mr. Bisignano – $2,547,500; Mr. Chiarello – $1,324,700; Mr. Gibbons – $764,250; Mr. Hau – $764,250; Mr. Rosman – $764,250. The committee elected to pay these annual incentive awards for 2024 entirely in equity, comprised of 50% performance share units and 50% restricted stock units, except in the case of Mr. Bisignano and Mr. Chiarello, who each
received 100% restricted stock units in anticipation of Mr. Bisignano’s government service and in consideration of Mr. Chiarello’s anticipated responsibilities over time. Because these equity grants were made in 2025, the grant date fair value of these awards is not included in the non-equity incentive plan compensation column for 2024; instead, the grant date fair value of these awards is included in the stock awards column in 2025 in accordance with applicable Securities and Exchange Commission rules.
| (5) | Except as noted in footnote 4, these cash incentive payments were earned for the year listed and paid in the following year. |
| (6) | The amount in this column for Mr. Lyons for 2025 includes reimbursement for relocation expenses of $1,052,840, aggregate incremental cost of $472,077 associated with personal use of company aircraft (including $200,377 of relocation-related personal use of company aircraft) determined by multiplying the total per-hour cost of operating the aircraft for the year by the number of hours attributable to personal use, aggregate incremental cost of $9,418 associated with company-provided transportation determined by multiplying the total cost of company-provided vehicles for the year by the percentage of his personal use and by the percentage of the year Mr. Lyons was employed by the company, and aggregate incremental cost of $47,033 associated with company-provided security determined by multiplying the total cost of company-provided security personnel for the year by the percentage of his personal use and by the percentage of the year Mr. Lyons was employed by the company. |
The amount in this column for Mr. Bisignano for 2025 includes aggregate incremental cost of $239,545 associated with personal use of company aircraft determined by multiplying the total per-hour cost of operating the aircraft for the year by the number of hours attributable to personal use, aggregate incremental cost of $30,249 associated with company-provided security determined by multiplying the total cost of company-provided security personnel for the year and by the percentage of his personal use and by the percentage of the year he was employed by the company, and aggregate incremental cost of $22,399 associated with company-provided transportation determined by multiplying the total cost of company-provided vehicles for the year by the percentage of his personal use and by the percentage of the year he was employed by the company.
From time to time, named executive officers may make personal use of company seats for sporting or other events at no incremental cost to the company and, if
Fiserv, Inc. 2026 Proxy Statement | 57
applicable, food and beverage expenses are valued at cost, and family members of named executive officers may travel on company aircraft at no incremental cost to the company.
| (7) | Mr. Lyons joined the company on January 27, 2025 as President and CEO-Elect, and became Chief Executive Officer on May 6, 2025. For 2025, Mr. Lyons’s base salary was paid at an annualized rate of $1,300,000. The amount shown for Mr. Lyons reflects the actual amount of base salary paid to him during 2025. We granted restricted stock units and performance share units to Mr. Lyons upon joining our company in consideration of unvested equity awards forfeited upon leaving his prior employer. |
| (8) | Mr. Todd joined the company on September 17, 2025 as a Special Advisor and became Chief Financial Officer on October 31, 2025. For 2025, Mr. Todd’s base salary was paid at an annualized rate of $750,000. The amount shown for Mr. Todd reflects the actual amount of base salary paid to him during 2025. We granted restricted stock units and performance share units to Mr. Todd upon joining our company in consideration of unvested equity awards forfeited upon leaving his prior employer. |
| (9) | Mr. Georgakopoulos served as Executive Vice President until April 2, 2025, Chief Operating Officer from April 2, 2025 until December 1, 2025, and Co-President since December 1, 2025. |
| (10) | Ms. Suryadevara joined the company on December 1, 2025 as Co-President. For 2025, Ms. Suryadevara’s base salary was paid at an annualized rate of $1,000,000. The amount shown for Ms. Suryadevara reflects the actual amount of base salary paid to her during 2025. We granted restricted stock units and performance share units to Ms. Suryadevara upon joining our company in consideration of unvested equity awards forfeited upon leaving her prior employer. |
| (11) | Mr. Bisignano resigned from the company effective May 6, 2025. For 2025, Mr. Bisignano’s base salary was paid at an annualized rate of $1,400,000. The amount shown for Mr. Bisignano reflects the actual amount of base salary paid to him during 2025. |
| (12) | Mr. Chiarello served as Chief Operating Officer until April 2, 2025, when he became Vice Chairman. |
| (13) | Mr. Gibbons served as Head of Financial Institutions Group until April 2, 2025, Co-Head of Financial Institutions Group from April 2, 2025 until August 25, 2025, and Senior Advisor from August 25, 2025 until March 15, 2026. |
| (14) | Mr. Hau served as Chief Financial Officer until October 31, 2025, and Special Advisor from October 31, 2025 until March 31, 2026. |
The material terms of the company’s offer letters with Messrs. Lyons and Todd and Ms. Suryadevara are set forth above under the heading “Compensation Discussion and Analysis – Agreements with Executive Officers.”
58 | Fiserv, Inc. 2026 Proxy Statement
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