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4//SEC Filing

BROBST DUANE J 4

Accession 0001454969-21-000004

CIK 0000102212other

View on SEC.gov Company Profile

Filed

Mar 16, 8:00 PM ET

Accepted

Mar 17, 2:27 PM ET

Size

21.5 KB

Accession

0001454969-21-000004

Insider Transaction Report

Form 4

Period: 2021-03-15

UNIVEST FINANCIAL CorpUVSP

Executive VP

Transactions

Disposition to Issuer
Common
2021-03-15−463→ 39,572.914 total
Tax Payment
Common
2021-03-15$28.42/sh−488$13,869→ 39,084.914 total
Exercise/Conversion
Common
2021-03-15+350→ 39,434.914 total
Tax Payment
Common
2021-03-15$28.42/sh−144$4,092→ 39,705.914 total
Award
Restricted Stock Units
2021-03-15+987→ 987 total
From: 2022-03-15Exp: 2024-03-15→ Common (987 underlying)
Tax Payment
Common
2021-03-15$28.42/sh−101$2,870→ 39,333.914 total
Exercise/Conversion
Restricted Stock Units
2021-03-15−350→ 350 total
From: 2020-03-15Exp: 2022-03-15→ Common (350 underlying)
Exercise/Conversion
Common
2021-03-15+516→ 39,849.914 total
Exercise/Conversion
Restricted Stock Units
2021-03-15−516→ 1,032 total
From: 2021-03-15Exp: 2023-03-15→ Common (516 underlying)
Award
Performance Restricted Stock Units
2021-03-15+2,296→ 2,296 total
From: 2024-03-15Exp: 2024-03-15→ Common (2,296 underlying)

Footnotes (7)

[F1]RESTRICTED SHARES CANCELLED.
[F2]INCLUDES 10,351.9142 SHARES ACQUIRED THROUGH THE DIVIDEND REINVESTMENT PLAN AND EMPLOYEE STOCK PURCHASE PLAN.
[F3]SHARES USED TO PAY TAXES.
[F4]REPRESENTS THE SETTLEMENT OF ONE SHARE OF COMMON STOCK UPON VESTING OF THE CORRESPONDING NUMBER OF RESTRICTED STOCK UNITS.
[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.

Documents

1 file

4
wf-form4_161600564045242.xmlPrimary
FORM 4

Issuer

UNIVEST FINANCIAL Corp

CIK 0000102212

Entity typeother

IncorporatedPA

Related Parties

1

filerCIK 0001454969

Filing Metadata

Form type: 4
Filed: Mar 16, 8:00 PM ET
Accepted: Mar 17, 2:27 PM ET
Size: 21.5 KB

View on SEC.gov