Jeffrey M. Schweitzer - Mar 15, 2024 Form 4 Insider Report for UNIVEST FINANCIAL Corp (UVSP)

Role
Chairman, President & CEO, Director
Signature
Megan D. Santana
Stock symbol
UVSP
Transactions as of
Mar 15, 2024
Transactions value $
-$100,871
Form type
4
Date filed
3/19/2024, 02:58 PM
Previous filing
Feb 1, 2024
Next filing
May 13, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UVSP Common Options Exercise $0 +1.48K +1.9% $0.00 79.1K Mar 15, 2024 Direct F1, F2
transaction UVSP Common Options Exercise $0 +1.65K +2.08% $0.00 80.8K Mar 15, 2024 Direct F1, F2
transaction UVSP Common Options Exercise $0 +2.11K +2.61% $0.00 82.9K Mar 15, 2024 Direct F1, F2
transaction UVSP Common Options Exercise $0 +10.3K +12.48% $0.00 93.2K Mar 15, 2024 Direct F2, F3
transaction UVSP Common Other $0 +2.12K +2.27% $0.00 95.3K Mar 15, 2024 Direct F2, F4
transaction UVSP Common Tax liability -$101K -5.16K -5.41% $19.56 90.2K Mar 15, 2024 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction UVSP Restricted Stock Units Options Exercise $0 -1.48K -100% $0.00* 0 Mar 15, 2024 Common 1.48K Direct F1
transaction UVSP Restricted Stock Units Options Exercise $0 -1.65K -50% $0.00 1.65K Mar 15, 2024 Common 1.65K Direct F1, F5
transaction UVSP Restricted Stock Units Options Exercise $0 -2.11K -33.33% $0.00 4.21K Mar 15, 2024 Common 2.11K Direct F1, F5
transaction UVSP Performance Restricted Stock Units Options Exercise $0 -10.3K -100% $0.00* 0 Mar 15, 2024 Common 10.3K Direct F3
transaction UVSP Restricted Stock Units Award $0 +8.04K $0.00 8.04K Mar 15, 2024 Common 8.04K Direct F5, F6
transaction UVSP Performance Restricted Stock Units Award $0 +18.7K $0.00 18.7K Mar 15, 2024 Common 18.7K Direct F6, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 REPRESENTS THE SETTLEMENT OF ONE SHARE OF COMMON STOCK UPON VESTING OF THE CORRESPONDING NUMBER OF RESTRICTED STOCK UNITS.
F2 INCLUDES 10,090.1043 SHARES ACQUIRED THROUGH THE DIVIDEND REINVESTMENT PLAN.
F3 REPRESENTS THE SETTLEMENT OF ONE SHARE OF COMMON STOCK UPON VESTING OF THE CORRESPONDING NUMBER OF PERFORMANCE-BASED RESTRICTED STOCK UNITS.
F4 ADDITIONAL SHARES AWARDED DUE TO EVALUATION OF PERFORMANCE FACTORS AFTER MEASUREMENT PERIOD.
F5 RESTRICTED STOCK UNITS VEST AT 33.33% PER YEAR FOR THREE YEARS COMMENCING WITH THE EXERCISABLE DATE INDICATED ASSUMING CONTINUED EMPLOYMENT THROUGH THE VESTING DATE.
F6 EACH RESTRICTED STOCK UNIT REPRESENTS A CONTINGENT RIGHT TO RECEIVE ONE SHARE OF COMMON STOCK UPON VESTING OF THE UNIT.
F7 THE PERFORMANCE-BASED RESTRICTED STOCK UNITS VEST ON THE THIRD ANNIVERSARY OF THE DATE OF THE GRANT AT WHICH POINT THE ACTUAL NUMBER OF SHARES TO BE AWARDED WILL BE DETERMINED BASED ON THE PERFORMANCE OF THE COMPANY DURING THE THREE YEAR PERIOD. THE RECIPIENT MAY RECEIVE UP TO 150% OF THE REPORTED RESTRICTED STOCK UNITS.