Brian J. Richardson - 15 Mar 2023 Form 4 Insider Report for UNIVEST FINANCIAL Corp (UVSP)

Role: Sr EVP & CFO
Signature: Megan D. Santana
Issuer symbol: UVSP
Transactions as of: 15 Mar 2023
Transactions value $: -$45,729
Form type: 4
Date filed: 17 Mar 2023, 09:57
Previous filing: 26 Jan 2023
Next filing: 01 Feb 2024
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	+649	+8.62%	$0.00	8.18K	15 Mar 2023	Direct	F1, F2
transaction	UVSP	Common	Options Exercise	$0	+444	+5.43%	$0.00	8.62K	15 Mar 2023	Direct	F1, F2
transaction	UVSP	Common	Options Exercise	$0	+654	+7.59%	$0.00	9.28K	15 Mar 2023	Direct	F1, F2
transaction	UVSP	Common	Options Exercise	$0	+4.54K	+48.94%	$0.00	13.8K	15 Mar 2023	Direct	F2, F3
transaction	UVSP	Common	Other	$0	+45	+0.33%	$0.00	13.9K	15 Mar 2023	Direct	F2, F4
transaction	UVSP	Common	Tax liability	-$45.7K	-1.84K	-13.26%	$24.88	12K	15 Mar 2023	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	-649	-100%	$0.00^*	0	15 Mar 2023	Common	649		Direct	F1
transaction	UVSP	Restricted Stock Units	Options Exercise	$0	-444	-50%	$0.00	444	15 Mar 2023	Common	444		Direct	F1, F5
transaction	UVSP	Restricted Stock Units	Options Exercise	$0	-654	-33.33%	$0.00	1.31K	15 Mar 2023	Common	654		Direct	F1, F5
transaction	UVSP	Performance Restricted Stock Units	Options Exercise	$0	-4.54K	-100%	$0.00^*	0	15 Mar 2023	Common	4.54K		Direct	F3
transaction	UVSP	Restricted Stock Units	Award	$0	+2.33K		$0.00	2.33K	15 Mar 2023	Common	2.33K		Direct	F5, F6
transaction	UVSP	Performance Restricted Stock Units	Award	$0	+5.44K		$0.00	5.44K	15 Mar 2023	Common	5.44K		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 273.5117 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.