Does this device require me to install drivers, or perform any other setup tasks?

This card is natively supported in all operating systems listed on the product page, under the Technical Specifications tab. This means that the card should install automatically after physically connecting it.

If there are any issues with the functionality of the card after installation in Windows, refer to the following FAQ: https://www.startech.com/faq/firewire-cards-windows-legacy-driver-swap.