Brian J. Richardson - 15 Mar 2024 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 2024
Transactions value $
$-31,765
Form type
4
Filing time
19 Mar 2024, 15:13:02 UTC
Previous filing
11 Mar 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 +444 +3.58% $0.000000 12,829 15 Mar 2024 Direct F1, F2
transaction UVSP Common Options Exercise $0 +654 +5.1% $0.000000 13,483 15 Mar 2024 Direct F1, F2
transaction UVSP Common Options Exercise $0 +778 +5.77% $0.000000 14,261 15 Mar 2024 Direct F1, F2
transaction UVSP Common Options Exercise $0 +3,102 +21.8% $0.000000 17,363 15 Mar 2024 Direct F2, F3
transaction UVSP Common Other $0 +634 +3.65% $0.000000 17,997 15 Mar 2024 Direct F2, F4
transaction UVSP Common Tax liability $-31,765 -1,624 -9.02% $19.56 16,373 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 -444 -100% $0.000000* 0 15 Mar 2024 Common 444 Direct F1
transaction UVSP Restricted Stock Units Options Exercise $0 -654 -50% $0.000000 654 15 Mar 2024 Common 654 Direct F1, F5
transaction UVSP Restricted Stock Units Options Exercise $0 -778 -33.3% $0.000000 1,556 15 Mar 2024 Common 778 Direct F1, F5
transaction UVSP Performance Restricted Stock Units Options Exercise $0 -3,102 -100% $0.000000* 0 15 Mar 2024 Common 3,102 Direct F3
transaction UVSP Restricted Stock Units Award $0 +3,060 $0.000000 3,060 15 Mar 2024 Common 3,060 Direct F5, F6
transaction UVSP Performance Restricted Stock Units Award $0 +7,134 $0.000000 7,134 15 Mar 2024 Common 7,134 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 636.4353 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.