Santana Megan D 4

4 · UNIVEST FINANCIAL Corp · Filed Mar 17, 2026

AI-generated summary of this filing

Updated Mar 17, 2026

UNIVEST (UVSP) Megan D. Santana Exercises Awards, Sells 2,499

What Happened

Megan D. Santana, Senior EVP, Chief Risk Officer and General Counsel of UNIVEST FINANCIAL Corp (UVSP), reported multiple derivative conversions/awards on 2026-03-15. She converted/exercised derivatives totaling 6,765 shares (661 + 863 + 621 + 4,620) and received grant/award transactions totaling 5,638 restricted/performance-based units (1,692 + 3,946). To satisfy tax withholding or related obligations, 2,499 shares were surrendered/disposed at $32.72 each for $81,767; other dispositions include 1,026 shares (code J) and the same exercised-share lots show as disposed (indicating an immediate sale/cashless settlement of those exercised shares).

Key Details

Transaction date: March 15, 2026; Form 4 filed March 17, 2026.
Sales/withhold: 2,499 shares withheld/sold at $32.72 → $81,767 total.
Derivative conversions (M): 661, 863, 621, and 4,620 shares listed as acquired and also listed as disposed (consistent with immediate sale/cashless exercise).
Awards/grants (A): 1,692 and 3,946 restricted/performance-based units reported as acquired.
Other disposition (J): 1,026 shares disposed (no dollar amount reported).
Shares owned after the transactions: not specified in the provided filing excerpt.
Footnotes: settlements represent RSU/PSU vesting (F1, F3, F6); PSUs vest after 3 years with payout up to 150% based on performance (F7); some vested shares may be cancelled after performance evaluation (F4); RSUs generally vest over three years (F5).
Filing timeliness: filed two days after the transactions (no late-filing flag in the provided data).

Context

The pattern—derivative conversions reported as both acquired and disposed and a separate tax-withholding share surrender—indicates RSU/PSU settlements and/or option conversions with immediate sale or share withholding to cover taxes, rather than an open-market investment. Awards (A) represent contingent rights to future shares that may vest per performance or time-based schedules; PSUs may pay up to 150% of the reported units depending on results. These kinds of “sell-to-cover” or withholding transactions are routine for compensatory equity settlements and do not necessarily signal a change in the insider’s investment view.

Form 4

Period: 2026-03-15

Sr EVP & Chief Risk OfficerOther

Transactions

Tax Payment
Common
[F2]
2026-03-15$32.72/sh−2,499$81,767→ 35,453.76 total
Exercise/Conversion
Common
[F1][F2]
2026-03-15+661→ 32,874.76 total
Exercise/Conversion
Common
[F1][F2]
2026-03-15+863→ 33,737.76 total
Exercise/Conversion
Common
[F1][F2]
2026-03-15+621→ 34,358.76 total
Exercise/Conversion
Common
[F2][F3]
2026-03-15+4,620→ 38,978.76 total
Other
Common
[F4][F2]
2026-03-15−1,026→ 37,952.76 total
Exercise/Conversion
Restricted Stock Units
[F1]
2026-03-15−661→ 0 total
From: 2024-03-15Exp: 2026-03-15→ Common (661 underlying)
Exercise/Conversion
Restricted Stock Units
[F1][F5]
2026-03-15−863→ 863 total
From: 2025-03-15Exp: 2027-03-15→ Common (863 underlying)
Exercise/Conversion
Restricted Stock Units
[F1][F5]
2026-03-15−621→ 1,242 total
From: 2026-03-15Exp: 2028-03-15→ Common (621 underlying)
Exercise/Conversion
Performance Restricted Stock Units
[F3]
2026-03-15−4,620→ 0 total
From: 2026-03-15Exp: 2026-03-15→ Common (4,620 underlying)
Award
Restricted Stock Units
[F6][F5]
2026-03-15+1,692→ 1,692 total
From: 2027-03-15Exp: 2029-03-15→ Common (1,692 underlying)
Award
Performance Restricted Stock Units
[F6][F7]
2026-03-15+3,946→ 3,946 total
From: 2029-03-15Exp: 2029-03-15→ Common (3,946 underlying)

Footnotes (7)

[F1]REPRESENTS THE SETTLEMENT OF ONE SHARE OF COMMON STOCK UPON VESTING OF THE CORRESPONDING NUMBER OF RESTRICTED STOCK UNITS.
[F2]INCLUDES 13,403.7595 SHARES ACQUIRED THROUGH THE DIVIDEND REINVESTMENT PLAN AND EMPLOYEE STOCK PURCHASE PLAN.
[F3]REPRESENTS THE SETTLEMENT OF ONE SHARE OF COMMON STOCK UPON VESTING OF THE CORRESPONDING NUMBER OF PERFORMANCE-BASED RESTRICTED STOCK UNITS.
[F4]VESTED SHARES CANCELLED DUE TO EVALUATION OF PERFORMANCE FACTORS AFTER MEASUREMENT PERIOD.
[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.

Signature

/s/ Brian J. Richardson, attorney-in-fact|2026-03-17

1 file