Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-04-02

Fiserv (FISV)

Fiscal year 2025 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$70,341,992
Michael Lyons total, FY2025
CEO pay percentile vs peers
CEO-to-median pay ratio
Say-on-pay support, latest vote
Companies that benchmark against FISV
20 companies name FISV as a compensation peer

Each company listed discloses FISV in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named FISV in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Michael Lyons$1,214,236$11,665,109$55,881,279$0$0$0$1,581,368$70,341,992
Chief Executive Officer
Frank Bisignano487,879025,600,157000292,19326,380,229
Former Chairman of the Board and Chief Executive Officer
Dhivya Suryadevara83,3333,300,00013,415,896000016,799,229
Co-President
Panagiotis Georgakopoulos1,000,000012,937,840000013,937,840
Co-President
Robert Hau750,00008,248,06700008,998,067
Former Chief Financial Officer
Guy Chiarello1,000,00007,500,18600008,500,186
Former Chief Operating Officer
John Gibbons750,00005,660,59600006,410,596
Former Co-Head of Financial Institutions Group
Adam Rosman750,00005,121,30100005,871,301
Chief Administrative Officer and Chief Legal Officer
Paul Todd215,909750,0001,791,50200002,757,411
Chief Financial Officer

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY20242025
Michael Lyons$70,341,992
Frank Bisignano26,380,229
Dhivya Suryadevara16,799,229
Panagiotis Georgakopoulos13,937,840
Robert Hau8,998,067
Guy Chiarello8,500,186
John Gibbons6,410,596
Adam Rosman5,871,301
Paul Todd2,757,411

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

02

Equity transactions since the proxy statement was filed

No insider equity transactions reported since the proxy statement.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Dhivya SuryadevaraRSU156,485$10,511,097
Michael LyonsPSU115,7387,774,121
Panagiotis GeorgakopoulosRSU92,6476,223,099
Guy ChiarelloRSU63,5024,265,429
Dhivya SuryadevaraPSU50,3453,381,674
Panagiotis GeorgakopoulosPSU38,8072,606,666
Robert HauRSU36,6282,460,303
Michael LyonsRSU33,1022,223,461
Robert HauPSU26,6841,792,364
Guy ChiarelloPSU26,0151,747,428
John GibbonsRSU23,1871,557,471
Adam RosmanRSU21,8321,466,455
John GibbonsPSU18,5791,247,951
Adam RosmanPSU16,1691,086,072
Paul ToddRSU7,453500,618
Paul ToddPSU3,734250,813
Adam RosmanOption105,549111.35
Guy ChiarelloOption71,266112.87
Robert HauOption71,266112.87
Robert HauOption43,96884.73
Robert HauOption51,34069.9
Robert HauOption43,01256.91
05

Incentive-plan design — the Compensation Discussion & Analysis

Executive officer compensation is primarily variable and in the form of equity. Annual incentive awards are based on financial performance objectives. Performance share units have rigorous total shareholder return and financial performance goals.

CEO STI target (% of salary)
CEO LTI target (% of salary)
Independent consultant
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingtrue
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Doyle R. SimonsIndependent · Not standing for re-election · Departed during FY$199,038$305,295$504,333
Kevin M. WarrenIndependent · Not standing for re-election · Departed during FY155,000230,110385,110
Lance M. FritzIndependent · Audit · Talent and Compensation (Chair) · Nominating and Corporate Governance142,637230,110372,747
Wafaa MamilliIndependent · Nominating and Corporate Governance · Risk (Chair)142,637230,110372,747
Harry F. DiSimoneIndependent · Audit · Risk137,363230,110367,473
Stephanie E. CohenIndependent · Audit · Risk · Newly elected98,400268,096366,496
Henrique de CastroIndependent · Nominating and Corporate Governance · Talent and Compensation130,000230,110360,110
Charlotte B. YarkoniIndependent · Nominating and Corporate Governance · Risk130,000230,110360,110
Ajei S. GopalIndependent · Nominating and Corporate Governance · Talent and Compensation130,000230,110360,110
Heidi G. MillerIndependent · Not standing for re-election · Departed during FY55,63255,632
Gordon M. NixonIndependent · Board Chair · Newly elected
Gary S. ShedlinIndependent · Audit (Chair) · Talent and Compensation · Nominating and Corporate Governance · Newly elected
Céline DufételIndependent · Audit · Risk · Newly elected
09

Board fee structure and ownership guideline

Annual cash retainer$100,000
Annual equity retainer$230,000
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)25,000 / 20,000 / 20,000
Stock ownership guideline$1,320,000
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$1,320,707
Equity awards (grant-date value)$2,184,161
All other compensation$0
Total cost of the board$3,504,868

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Fiserv2025Michael Lyons$1,214,236$55,881,279$0$0$70,341,992

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Michael LyonsDEF 14A2026-04-020001140361-26-013003Section “Summary Compensation Table”. As printed: 70,341,992. Filing ↗machine: r2 · c22 · span 1028715–1028725
2Section 01, Frank BisignanoDEF 14A2026-04-020001140361-26-013003Section “Summary Compensation Table”. As printed: 26,380,229. Filing ↗machine: r9 · c22 · span 1061843–1061853
3Section 01, Dhivya SuryadevaraDEF 14A2026-04-020001140361-26-013003Section “Summary Compensation Table”. As printed: 16,799,229. Filing ↗machine: r5 · c22 · span 1044317–1044327
4Section 01, Panagiotis GeorgakopoulosDEF 14A2026-04-020001140361-26-013003Section “Summary Compensation Table”. As printed: 13,937,840. Filing ↗machine: r4 · c22 · span 1038937–1038947
5Section 01, Robert HauDEF 14A2026-04-020001140361-26-013003Section “Summary Compensation Table”. As printed: 8,998,067. Filing ↗machine: r17 · c22 · span 1095958–1095967
6Section 01, Guy ChiarelloDEF 14A2026-04-020001140361-26-013003Section “Summary Compensation Table”. As printed: 8,500,186. Filing ↗machine: r12 · c22 · span 1074238–1074247
7Section 01, John GibbonsDEF 14A2026-04-020001140361-26-013003Section “Summary Compensation Table”. As printed: 6,410,596. Filing ↗machine: r15 · c22 · span 1087033–1087042
8Section 01, Adam RosmanDEF 14A2026-04-020001140361-26-013003Section “Summary Compensation Table”. As printed: 5,871,301. Filing ↗machine: r6 · c22 · span 1048735–1048744
9Section 01, Paul ToddDEF 14A2026-04-020001140361-26-013003Section “Summary Compensation Table”. As printed: 2,757,411. Filing ↗machine: r3 · c22 · span 1034142–1034151
10Section 08, Doyle R. SimonsDEF 14A2026-04-020001140361-26-013003Section “Director Compensation”. As printed: 504,333. Filing ↗machine: span 635570–635577
11Section 08, Kevin M. WarrenDEF 14A2026-04-020001140361-26-013003Section “Director Compensation”. As printed: 385,110. Filing ↗machine: span 637659–637666
12Section 08, Lance M. FritzDEF 14A2026-04-020001140361-26-013003Section “Director Compensation”. As printed: 372,747. Filing ↗machine: span 621444–621451
13Section 08, Wafaa MamilliDEF 14A2026-04-020001140361-26-013003Section “Director Compensation”. As printed: 372,747. Filing ↗machine: span 625505–625512
14Section 08, Harry F. DiSimoneDEF 14A2026-04-020001140361-26-013003Section “Director Compensation”. As printed: 367,473. Filing ↗machine: span 617324–617331
15Section 08, Stephanie E. CohenDEF 14A2026-04-020001140361-26-013003Section “Director Compensation”. As printed: 366,496. Filing ↗machine: span 613254–613261
16Section 08, Henrique de CastroDEF 14A2026-04-020001140361-26-013003Section “Director Compensation”. As printed: 360,110. Filing ↗machine: span 615169–615176
17Section 08, Charlotte B. YarkoniDEF 14A2026-04-020001140361-26-013003Section “Director Compensation”. As printed: 360,110. Filing ↗machine: span 629658–629665
18Section 08, Ajei S. GopalDEF 14A2026-04-020001140361-26-013003Section “Director Compensation”. As printed: 360,110. Filing ↗machine: span 623354–623361
19Section 08, Heidi G. MillerDEF 14A2026-04-020001140361-26-013003Section “Director Compensation”. As printed: 55,632. Filing ↗
20Section 08, Gordon M. NixonDEF 14A2026-04-020001140361-26-013003Section “Director Compensation”. As printed: —. Filing ↗
21Section 08, Gary S. ShedlinDEF 14A2026-04-020001140361-26-013003Section “Director Compensation”. As printed: —. Filing ↗
22Section 08, Céline DufételDEF 14A2026-04-020001140361-26-013003Section “Director Compensation”. As printed: —. Filing ↗
23Section 09b board cost (computed)ComputedcomputedCash 1,320,707 + equity 2,184,161 + all other 0 = 3,504,868, summed across the director compensation table rows.machine: formula: Σ = 3,504,868
24Fiserv (subject), Section 10b CEO totalDEF 14A2026-04-020001140361-26-013003CEO total compensation as printed in Fiserv's own proxy. As printed: 70,341,992. Filing ↗machine: r2 · c22 · span 1028715–1028725