Connor Martin P. 4
Research Summary
AI-generated summary
Univest (UVSP) Director Connor Martin P. Receives RSUs, Converts Derivatives
What Happened
- Connor Martin P., a director of Univest Financial Corp (UVSP), reported transactions on 2026-01-31 involving the vesting/settlement of restricted stock units (RSUs) and the exercise/conversion of derivative securities. He was credited with 1,283 shares from an RSU award (grant/award, code A) and reported the exercise/conversion (code M) of 1,766 derivative units at $0.00 per share; a matching derivative disposition of 1,766 units at $0.00 was also reported. All items show $0.00 per share because these were vesting/settlement and conversion events, not open-market purchases or cash sales.
Key Details
- Transaction date: 2026-01-31; filing date: 2026-02-03 (no late filing indicated in provided data).
- Items reported:
- Exercise/conversion (M): 1,766 shares acquired at $0.00.
- Derivative disposition (M): 1,766 shares disposed at $0.00 (derivative).
- Grant/award (A): 1,283 shares acquired at $0.00 (RSU settlement).
- Shares owned after transaction: not specified in the provided excerpt.
- Footnotes of record:
- F1: Each reported share represents settlement of one share of common stock upon RSU vesting.
- F2: RSUs vest on the date shown, assuming continued service through the vesting date.
- F3: Each RSU is a contingent right to receive one share upon vesting.
- No cash proceeds, open-market purchases, or sales of common stock were reported in these entries.
Context
- These transactions appear to reflect routine equity compensation settlement (RSU vesting and conversion/settlement of derivative awards) rather than a market buy or sale. For retail investors, awards/vestings are common compensation events and should not be interpreted alone as a direct buy/sell signal. The $0.00 price entries indicate settlement/vesting rather than a paid exercise or market transaction.