Paquin Natalye 4

What Happened

• Director Natalye Paquin made an open-market purchase of 580 UNIVEST (UVSP) shares on Feb 2, 2026 at $34.58 per share for a total of $20,056. The Form 4 also reports derivative-related activity on Jan 31, 2026: 1,283 shares were reported as a grant/award (RSUs) settled/vested (acquired at $0), and 1,766 shares were recorded as an exercise/conversion of a derivative (acquired at $0) with a matching 1,766-share derivative disposition on the same date (both listed at $0 on the form). The open-market purchase is a straightforward buy; the zero-price derivative entries reflect vesting/conversion activity rather than a cash purchase.

Key Details

• Purchase: Feb 2, 2026 — 580 shares at $34.58 each; total reported cost $20,056 (Code P = open market purchase).
• Derivative activity: Jan 31, 2026 — 1,283 shares reported as grant/award (Code A, $0) and 1,766 shares reported as exercise/conversion (Code M, $0) with a same-day derivative disposition of 1,766 shares (Code M, $0).
• Shares owned after the transactions: not specified in the provided excerpt of the filing.
• Footnotes from the filing:
  • F1: Settlement represents one share of common stock upon vesting of the corresponding RSU(s).
  • F2: Includes 1,282.6387 shares acquired through the dividend reinvestment plan.
  • F3: RSUs vest on the date indicated assuming continued service.
  • F4: Each RSU is a contingent right to receive one common share upon vesting.
• Filing date and timeliness: Form 4 filed Feb 3, 2026; reported transactions occurred Jan 31 and Feb 2, 2026. The filing date follows the reported transactions and appears to meet routine Form 4 timing expectations.

Context

• The zero-dollar derivative entries represent non-cash activity (vesting or conversion of restricted stock units or similar awards) rather than market buys or sales. The matching exercise/conversion and disposition entries indicate that converted/settled derivative shares were also recorded as disposed on the form; the filing does not state the reason for the disposition (e.g., sale, tax withholding) in the provided excerpt.
• Open-market purchases (like the 580-share buy) are often of interest to retail investors because they are a direct cash investment by an insider, while RSU vesting and conversions are typically part of compensation and do not by themselves indicate new bullish or bearish intent.