US Fintech Executives Withhold Company Stock for RSU Vesting Tax Payment

Fiserv Inc. (NASDAQ: FISV) disclosed in a U.S. Securities and Exchange Commission filing on February 7 that its CEO and other senior executives had shares withheld to cover taxes arising from RSU vesting. The company emphasized that this was an administrative withholding rather than voluntary market sales. CEO Michael P. Lyons had approximately 3,375 shares withheld—worth about $202,500 at roughly $60 per share—while other executives saw withholdings valued in the tens to hundreds of millions of Korean won. One legal and corporate affairs executive, even after the withholding, still holds about $3.6 million (approximately ₩5 billion) in Fiserv stock.

In its February 10 report on fourth-quarter and full-year 2025 results, Fiserv said 2025 revenue rose 4%, and it guided for 2026 organic revenue growth of 1–3% and adjusted EPS of $8.00–$8.30. Following news that activist hedge fund JANA Partners had taken a stake, the stock surged more than 6% on February 17, underscoring ongoing volatility.

Headquartered in Milwaukee, Wisconsin, Fiserv is a global financial-technology company and an S&P 500 constituent. It provides payment processing, core banking, electronic billing and transfers, and other infrastructure solutions to banks, card issuers and merchants. After longtime CEO Frank Bisignano’s retirement, Michael P. Lyons was appointed CEO in 2025. The company also faced governance and performance challenges that year, including a sharp share-price drop and a securities class-action lawsuit following disappointing Q3 results and lowered guidance.