Patrick C. McCormick - Mar 15, 2024 Form 4 Insider Report for UNIVEST FINANCIAL Corp (UVSP)

Role
SEVP & Chief Comm Bank Officer
Signature
Megan D. Santana
Stock symbol
UVSP
Transactions as of
Mar 15, 2024
Transactions value $
-$22,142
Form type
4
Date filed
3/19/2024, 03:09 PM
Previous 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 +96.19% $0.00 6.12K Mar 15, 2024 Direct F1, F2
transaction UVSP Common Options Exercise $0 +489 +7.99% $0.00 6.61K Mar 15, 2024 Direct F1, F2
transaction UVSP Common Tax liability -$22.1K -1.13K -17.13% $19.56 5.48K 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 -3K -50% $0.00 3K Mar 15, 2024 Common 3K Direct F1, F3
transaction UVSP Restricted Stock Units Options Exercise $0 -489 -33.33% $0.00 978 Mar 15, 2024 Common 489 Direct F1, F3
transaction UVSP Restricted Stock Units Award $0 +2.15K $0.00 2.15K Mar 15, 2024 Common 2.15K Direct F3, F4
transaction UVSP Performance Restricted Stock Units Award $0 +5.01K $0.00 5.01K Mar 15, 2024 Common 5.01K Direct F4, F5
* 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 1,077.7608 SHARES ACQUIRED THROUGH THE DIVIDEND REINVESTMENT PLAN AND EMPLOYEE STOCK PURCHASE PLAN.
F3 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.
F4 EACH RESTRICTED STOCK UNIT REPRESENTS A CONTINGENT RIGHT TO RECEIVE ONE SHARE OF COMMON STOCK UPON VESTING OF THE UNIT.
F5 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.