Patrick C. McCormick - Mar 15, 2023 Form 4 Insider Report for UNIVEST FINANCIAL Corp (UVSP)

Signature
Megan D. Santana
Stock symbol
UVSP
Transactions as of
Mar 15, 2023
Transactions value $
-$23,860
Form type
4
Date filed
3/17/2023, 09:54 AM
Previous filing
Jan 26, 2023
Next filing
Feb 1, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UVSP Common Options Exercise $0 +3K $0.00 3K Mar 15, 2023 Direct
transaction UVSP Common Tax liability -$23.9K -959 -31.97% $24.88 2.04K Mar 15, 2023 Direct

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 -3K -33.33% $0.00 6K Mar 15, 2023 Common 3K Direct F1, F2
transaction UVSP Restricted Stock Units Award $0 +1.47K $0.00 1.47K Mar 15, 2023 Common 1.47K Direct F2, F3
transaction UVSP Performance Restricted Stock Units Award $0 +3.42K $0.00 3.42K Mar 15, 2023 Common 3.42K Direct F3, F4
* 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 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.
F3 EACH RESTRICTED STOCK UNIT REPRESENTS A CONTINGENT RIGHT TO RECEIVE ONE SHARE OF COMMON STOCK UPON VESTING OF THE UNIT.
F4 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.