Megan D. Santana - 15 Mar 2023 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 2023
Net transactions value
$0
Form type
4
Filing time
17 Mar 2023, 10:00:29 UTC
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 +600 +4.6% $0.000000 13,730 15 Mar 2023 Direct F1, F2
transaction UVSP Common Options Exercise $0 +407 +3% $0.000000 14,137 15 Mar 2023 Direct F1, F2
transaction UVSP Common Options Exercise $0 +559 +4% $0.000000 14,696 15 Mar 2023 Direct F1, F2
transaction UVSP Common Options Exercise $0 +4,201 +29% $0.000000 18,897 15 Mar 2023 Direct F2, F3
transaction UVSP Common Other $0 +42 +0.22% $0.000000 18,939 15 Mar 2023 Direct F2, F4

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 -600 -100% $0.000000* 0 15 Mar 2023 Common 600 Direct F1
transaction UVSP Restricted Stock Units Options Exercise $0 -407 -50% $0.000000 407 15 Mar 2023 Common 407 Direct F1, F5
transaction UVSP Restricted Stock Units Options Exercise $0 -559 -33% $0.000000 1,118 15 Mar 2023 Common 559 Direct F1, F5
transaction UVSP Performance Restricted Stock Units Options Exercise $0 -4,201 -100% $0.000000* 0 15 Mar 2023 Common 4,201 Direct F3
transaction UVSP Restricted Stock Units Award $0 +1,983 $0.000000 1,983 15 Mar 2023 Common 1,983 Direct F5, F6
transaction UVSP Performance Restricted Stock Units Award $0 +4,620 $0.000000 4,620 15 Mar 2023 Common 4,620 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 7,231.5237 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.