Keim Michael S 4

What Happened
Michael S. Keim, Senior EVP & COO of Univest Financial Corp (UVSP), exercised 7,245 stock options at $28.50 per share (cost $206,483) on May 5, 2026 and sold those 7,245 shares the same day in the open market for a weighted-average price of $38.71, generating proceeds of $280,427. The net difference between proceeds and exercise cost is approximately $73,944 (before taxes and fees). The filing also lists a derivative disposition entry at $0.00 reflecting the option conversion.

Key Details

• Transaction date: May 5, 2026; Form 4 filed May 7, 2026 (timely based on provided dates).
• Exercise: 7,245 shares at $28.50 each = $206,483 (code M).
• Sale: 7,245 shares sold at a weighted-average $38.71 = $280,427 (code S). Sales executed at prices ranging $38.62–$38.81 per F2.
• Net gross gain (proceeds minus exercise cost): ≈ $73,944 before taxes/fees.
• Footnotes: F1 notes 7,154.509 shares included as acquired via the dividend reinvestment plan; F2 explains the weighted-average sale price and that detailed per-price sales info can be provided on request; F3 describes option vesting (33.3% per year for three years from grant).
• Shares owned after the transaction are not provided in the excerpt.

Context
This was an option exercise followed by an immediate open-market sale (a common "exercise-and-sell" or cashless-type transaction), which realizes gains for the insider but is not necessarily a signal about company outlook. No 10b5‑1 plan or late-filing flag is shown in the provided excerpt. Purchases tend to be more informative than routine option exercises and subsequent sales.