Univest Financial (UVSP) SEVP nets more shares after RSU vesting

Rhea-AI Filing Summary

UNIVEST FINANCIAL Corp executive Patrick C. McCormick, SEVP & Chief Commercial Bank Officer, reported multiple equity compensation transactions in company stock. On the reported date, he acquired a total of 5,138 shares of common stock through the vesting and settlement of restricted stock units and performance-based restricted stock units.

To cover tax obligations, 1,249 common shares were withheld at a price of $32.72 per share, and 760 vested shares were cancelled following an evaluation of performance factors after the measurement period. McCormick also received new awards of 1,857 restricted stock units and 4,332 performance-based restricted stock units, each representing contingent rights to common shares, and directly held about 11,099 common shares after these transactions.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

McCormick Patrick C

(Last) (First) (Middle)

14 NORTH MAIN ST

PO BOX 197

(Street)

SOUDERTON PA 18964

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
UNIVEST FINANCIAL Corp [ UVSP ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SEVP & Chief Comm Bank Officer

3. Date of Earliest Transaction (Month/Day/Year)
03/15/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common	03/15/2026		M		489	A	$0	10,383.001(1)(2)	D
Common	03/15/2026		M		716	A	$0	11,099.001(1)(2)	D
Common	03/15/2026		M		511	A	$0	11,610.001(1)(2)	D
Common	03/15/2026		M		3,422	A	$0	15,032.001(2)(3)	D
Common	03/15/2026		J		760(4)	D	$0	14,272.001(2)	D
Common	03/15/2026		F		1,249	D	$32.72	13,023.001(2)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(1)	03/15/2026		M			489	03/15/2024	03/15/2026	Common	489	$0	0	D
Restricted Stock Units	(1)	03/15/2026		M			716	03/15/2025(5)	03/15/2027(5)	Common	716	$0	716	D
Restricted Stock Units	(1)	03/15/2026		M			511	03/15/2026(5)	03/15/2028(5)	Common	511	$0	1,022	D
Performance Restricted Stock Units	(3)	03/15/2026		M			3,422	03/15/2026	03/15/2026	Common	3,422	$0	0	D
Restricted Stock Units	(6)	03/15/2026		A		1,857		03/15/2027(5)	03/15/2029(5)	Common	1,857	$0	1,857	D
Performance Restricted Stock Units	(6)	03/15/2026		A		4,332		03/15/2029(7)	03/15/2029(7)	Common	4,332	$0	4,332	D

Explanation of Responses:

1. REPRESENTS THE SETTLEMENT OF ONE SHARE OF COMMON STOCK UPON VESTING OF THE CORRESPONDING NUMBER OF RESTRICTED STOCK UNITS.

2. INCLUDES 3,269.0010 SHARES ACQUIRED THROUGH THE DIVIDEND REINVESTMENT PLAN AND EMPLOYEE STOCK PURCHASE PLAN.

3. REPRESENTS THE SETTLEMENT OF ONE SHARE OF COMMON STOCK UPON VESTING OF THE CORRESPONDING NUMBER OF PERFORMANCE-BASED RESTRICTED STOCK UNITS.

4. VESTED SHARES CANCELLED DUE TO EVALUATION OF PERFORMANCE FACTORS AFTER MEASUREMENT PERIOD.

5. 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.

6. EACH RESTRICTED STOCK UNIT REPRESENTS A CONTINGENT RIGHT TO RECEIVE ONE SHARE OF COMMON STOCK UPON VESTING OF THE UNIT.

7. 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.

Remarks:

	/s/ Megan D. Santana, attorney-in-fact	03/17/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What did UVSP executive Patrick McCormick report in this Form 4?

Patrick C. McCormick reported equity compensation activity, including vested restricted stock units converting into 5,138 Univest common shares, tax-related share withholding, cancellation of some vested shares after a performance review, and new grants of time-based and performance-based restricted stock units.

How many Univest (UVSP) shares did McCormick acquire through vesting?

He acquired 5,138 Univest common shares through the exercise and settlement of restricted stock units and performance-based restricted stock units. Each unit converted into one share of common stock upon vesting, as described in the filing’s footnotes for these awards.

Were any Univest (UVSP) shares disposed of for tax purposes?

Yes. A total of 1,249 Univest common shares were withheld at $32.72 per share to satisfy tax liabilities tied to the vesting events. This tax-withholding disposition is not an open-market sale but an automatic mechanism to cover required taxes.

What new equity awards did McCormick receive from Univest (UVSP)?

He received 1,857 restricted stock units and 4,332 performance-based restricted stock units. Each unit represents a contingent right to one common share, vesting over future years based on continued employment and, for performance units, the company’s performance over a three-year period.

Why were some Univest (UVSP) vested shares cancelled in this filing?

The filing notes that 760 vested shares were cancelled due to an evaluation of performance factors after the measurement period. This reflects a performance-based adjustment, where final share delivery depends on the company meeting predefined performance criteria.

How many Univest (UVSP) common shares does McCormick hold after these transactions?

After the reported transactions, McCormick directly holds about 11,099 Univest common shares. This total reflects shares received from unit settlements, shares withheld for tax obligations, and cancellations tied to the performance evaluation of earlier performance-based awards.