Richardson Brian J 4

What Happened

• Brian J. Richardson, Senior EVP & CFO of Univest Financial Corp. (UVSP), exercised/converted multiple derivative awards on 2026-03-15 and received new restricted stock unit (RSU) grants. He converted a total of 7,964 derivative units (778 + 1,020 + 722 + 5,444) and was subject to tax withholding of 2,973 shares at an implied value of $32.72 per share, resulting in $97,277 withheld to satisfy tax obligations. He also had 1,209 shares reported as an “other” disposition and received new awards of 1,920 and 4,476 RSUs (grants).

Key Details

• Transaction date: 2026-03-15; Form 4 filed: 2026-03-17 (timely filing).
• Tax withholding: 2,973 shares withheld at $32.72/share = $97,277 (code F).
• Derivative exercises/conversions reported: 778, 1,020, 722 and 5,444 shares (total 7,964).
• New RSU grants: 1,920 and 4,476 units (code A).
• Other disposition: 1,209 shares (code J).
• Shares owned after the transactions: not specified in the provided excerpt of the filing.
• Notable footnotes: settlements reflect RSU vesting (F1, F3, F6), performance-based RSUs with a potential payout up to 150% (F7), partial vesting schedules (F5), dividend reinvestment plan inclusion (F2, 636.4353 shares), and some vested shares cancelled after performance review (F4).

Context

• These filings show exercises/conversions and award grants rather than open-market purchases or voluntary sales. The withholding of 2,973 shares was a tax-withholding/net settlement (routine) rather than an open-market sale; such withholding is common when RSUs vest or options are exercised. The grants include time- and performance-based RSUs (some vesting over three years or contingent on multi-year performance). This activity is generally administrative/routine rather than a clear buy or sell signal.