Richardson Brian J 4

What Happened
Brian J. Richardson, Senior EVP & Chief Financial Officer of Univest Financial Corp (UVSP), exercised 2,090 options on 2026-06-08 at $28.50 per share (total cost $59,565) and sold the resulting 2,090 shares in the open market the same day for a weighted-average price of $40.90 (gross proceeds $85,489). The transaction produced gross proceeds approximately $25,924 above the exercise cost (before taxes and fees). The filing shows the exercise and immediate sale occurred on the same date.

Key Details

• Transaction date: 2026-06-08; Form 4 filed 2026-06-09 (within the normal two-business-day window).
• Exercise: 2,090 shares @ $28.50 = $59,565 (acquired).
• Sale: 2,090 shares @ weighted avg $40.90 = $85,489 (disposed). Sales ranged $40.85–$40.96 per footnote.
• A related derivative entry shows disposition at $0.00 reflecting conversion/exercise of the derivative instrument.
• Shares owned after the transaction: not specified in the provided filing details.
• Footnotes: F1 notes 636.4353 shares were acquired through the dividend reinvestment plan; F2 explains the sale price is a weighted average across multiple trades; F3 describes option vesting (33.3% per year for three years from the grant date).

Context
This is an option exercise followed by an immediate open-market sale (a common "exercise-and-sell" or cashless-like transaction), which realizes the difference between the market price and the exercise strike. Such transactions are routine for executives to cover exercise costs, taxes, or diversify; they are factual disclosures and not a direct indicator of company performance.