FI - Major Exercise Alert: Christopher Foskett Exercises Options Worth $2.33M At Fiserv | Benzinga
Christopher Foskett, Vice Chairman at Fiserv (NYSE:FI), reported a large exercise of company stock options on December 14, according to a new SEC filing.
What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Thursday showed that Foskett, Vice Chairman at Fiserv, a company in the Financials sector, just exercised stock options worth 25,429 shares of FI stock with an exercise price of $41.75.
The Friday morning update indicates Fiserv shares down by 1.21%, currently priced at $133.38. At this value, Foskett's 25,429 shares are worth $2,330,059.
Get to Know Fiserv Better
Fiserv is a leading provider of core processing and complementary services, such as electronic funds transfer, payment processing, and loan processing, for U.S. banks and credit unions, with a focus on small and midsize banks. Through the merger with First Data in 2019, Fiserv also provides payment processing services for merchants. About 10% of the company's revenue is generated internationally.
Unraveling the Financial Story of Fiserv
Revenue Growth: Fiserv displayed positive results in 3 months. As of 30 September, 2023, the company achieved a solid revenue growth rate of approximately 7.86%. This indicates a notable increase in the company's top-line ...