Zimmerman Charles H 4

What Happened

• Charles H. Zimmerman, a director of Univest Financial Corp (UVSP), reported vesting/settlement activity on 2026-01-31. The filing shows 1,283 shares were acquired as a grant/award (restricted stock units) and a derivative conversion/exercise involving 1,766 shares that was simultaneously recorded as acquired and disposed. All transactions show $0 per share, indicating these were award/settlement events rather than open-market buys or sales.

Key Details

• Transaction date: 2026-01-31; Form 4 filed: 2026-02-03 (appears timely).
• Prices/values: $0.00 per share for all reported items (award/settlement activity).
• Specifics reported: +1,283 shares (grant/award, RSU settlement); conversion/exercise reported for 1,766 shares with a simultaneous acquisition and disposition (derivative).
• Shares owned after transaction: not specified in the filing summary provided.
• Notable footnotes:
  • F1: settlement represents one share of common stock upon RSU vesting.
  • F2: holdings include 1,723.755 shares acquired through the dividend reinvestment plan.
  • F3/F4: RSUs vest on the date indicated assuming continued service; each RSU entitles holder to one share upon vesting.
• No indication this was an open-market purchase or a voluntary sale by the director.

Context

• These entries reflect equity compensation vesting and derivative conversion/settlement (transaction code M and A). The simultaneous acquisition and disposition of 1,766 shares is a common reporting pattern when awards are converted and shares are immediately used to satisfy withholding obligations or net-settled; such activity is administrative and differs from a discretionary market buy/sell. Awards and vesting do not necessarily signal the insider’s bullish or bearish market view.