Beebe Joseph P 4

What Happened

• Joseph P. Beebe, a director of Univest Financial Corp. (UVSP), had restricted stock units (RSUs) vest on January 31, 2026. The filing shows 1,766 derivative units were converted to shares (exercise/conversion) and those 1,766 shares were immediately disposed. In addition, 1,283 shares were recorded as granted/settled upon vesting.
• All transactions show a price of $0.00 (these were RSU settlements/conversions rather than cash purchases or sales), so no cash consideration is reported in the filing. This is an award/vesting event rather than an open‑market purchase; disposals of converted shares are recorded but the filing does not report sale proceeds.

Key Details

• Transaction date: January 31, 2026. Form 4 filed February 3, 2026 (timely filing).
• Reported transactions:
  • Code M (exercise/conversion of derivative): 1,766 shares acquired @ $0.00 and 1,766 shares disposed @ $0.00.
  • Code A (grant/award): 1,283 shares acquired @ $0.00.
• Shares owned after the transactions: not specified in the excerpt provided.
• Relevant footnotes from the filing:
  • F1: Settlement of one share of common stock upon vesting of the corresponding number of RSUs.
  • F2: RSUs vest on the date indicated assuming continued service.
  • F3: Each RSU represents a contingent right to receive one share upon vesting.
• The filing does not state the reason for the immediate disposition of the 1,766 shares (e.g., tax withholding or sale).

Context

• These entries reflect RSU vesting/settlement and conversion events (derivative-to-common-stock settlement), not an open-market buy. Purchases are typically considered stronger bullish signals; here the primary signal is receipt/vesting of compensation shares.
• When converted shares are immediately disposed, common causes include tax withholding or share‑sale to cover taxes, but the filing itself does not specify which occurred.