SCHWEITZER JEFFREY M 4

What Happened

• Jeffrey M. Schweitzer, Chairman, President & CEO of Univest Financial Corp (UVSP), exercised 13,933 stock option-derived shares and sold the same 13,933 shares on 2026-06-08. The exercise price paid was $28.50 per share (total $397,091). The shares were sold in the open market at a weighted average price of $40.91 per share (total proceeds $570,014). The transactions resulted in gross proceeds exceeding the exercise cost by about $172,923 before taxes and fees. This is a common cashless exercise + sale rather than an outright purchase.

Key Details

• Transaction date: 2026-06-08; Form filed 2026-06-09 (timely).
• Exercise (code M — acquired): 13,933 shares @ $28.50, cost $397,091.
• Sale (code S — disposed): 13,933 shares @ weighted avg $40.91, proceeds $570,014.
• Footnote F2: sale price is a weighted average; actual sale prices ranged $40.675–$41.09. The filer can provide per-trade breakdown on request.
• Footnote F1: holdings reported include 10,090.1043 shares acquired via the dividend reinvestment plan.
• Footnote F3: the reported options vest 33.3% per year for three years from the exercisable date.
• Shares owned after the transactions are not specified in the supplied filing details.

Context

• This was an exercise of derivative securities (stock options) followed by an immediate open-market sale — often described as a cashless exercise. That pattern converts vested option value to cash and is routine for many executives; it does not necessarily indicate a change in long-term view.
• No indication of a 10b5-1 plan, gift, or tax-withholding share surrender was provided in the supplied notes.