Megan D. Santana - 15 Mar 2024 Form 4 Insider Report for UNIVEST FINANCIAL Corp (UVSP)

Role
Sr EVP & Chief Risk Officer, General Counsel
Signature
Megan D. Santana
Issuer symbol
UVSP
Transactions as of
15 Mar 2024
Net transactions value
-$28,362
Form type
4
Filing time
19 Mar 2024, 15:04:22 UTC
Previous filing
01 Feb 2024
Next filing
30 Jan 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UVSP Common Options Exercise $0 +559 +2.6% $0.000000 21,821 15 Mar 2024 Direct F1, F2
transaction UVSP Common Options Exercise $0 +661 +3% $0.000000 22,482 15 Mar 2024 Direct F1, F2
transaction UVSP Common Options Exercise $0 +407 +1.8% $0.000000 22,889 15 Mar 2024 Direct F1, F2
transaction UVSP Common Options Exercise $0 +2,844 +12% $0.000000 25,733 15 Mar 2024 Direct F2, F3
transaction UVSP Common Other $0 +581 +2.3% $0.000000 26,314 15 Mar 2024 Direct F2, F4
transaction UVSP Common Tax liability $28,362 -1,450 -5.5% $19.56 24,864 15 Mar 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 -407 -100% $0.000000* 0 15 Mar 2024 Common 407 Direct F1
transaction UVSP Restricted Stock Units Options Exercise $0 -559 -50% $0.000000 559 15 Mar 2024 Common 559 Direct F1, F5
transaction UVSP Restricted Stock Units Options Exercise $0 -661 -33% $0.000000 1,322 15 Mar 2024 Common 661 Direct F1, F5
transaction UVSP Performance Restricted Stock Units Options Exercise $0 -2,844 -100% $0.000000* 0 15 Mar 2024 Common 2,844 Direct F3
transaction UVSP Restricted Stock Units Award $0 +2,589 $0.000000 2,589 15 Mar 2024 Common 2,589 Direct F5, F6
transaction UVSP Performance Restricted Stock Units Award $0 +6,038 $0.000000 6,038 15 Mar 2024 Common 6,038 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 9,554.7681 SHARES ACQUIRED THROUGH THE DIVIDEND REINVESTMENT PLAN AND EMPLOYEE STOCK PURCHASE 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.