Director at Univest Financial (UVSP) nets 1,766 shares, 1,283 RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Univest Financial director Michael L. Turner reported routine equity compensation activity. On January 31, 2026, 1,766 restricted stock units vested and were settled into 1,766 shares of common stock at a price of $0 per share. After this settlement, he directly owned 32,504.2574 common shares, which includes 2,188.2574 shares acquired through the dividend reinvestment plan. On the same date, he received a new grant of 1,283 restricted stock units, each representing a contingent right to receive one share of common stock, scheduled to vest on January 31, 2028 assuming continued service through that date.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,766 shares exercised/converted
Mixed
3 txns
Insider
Turner Michael L.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,766 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 1,283 | $0.00 | -- |
| Exercise | Common | 1,766 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common — 32,504.257 shares (Direct)
Footnotes (1)
- REPRESENTS THE SETTLEMENT OF ONE SHARE OF COMMON STOCK UPON VESTING OF THE CORRESPONDING NUMBER OF RESTRICTED STOCK UNITS. INCLUDES 2,188.2574 SHARES ACQUIRED THROUGH THE DIVIDEND REINVESTMENT PLAN. THE RESTRICTED STOCK UNITS VEST ON THE DATE INDICATED, ASSUMING CONTINUED SERVICE THROUGH THE VESTING DATE. EACH RESTRICTED STOCK UNIT REPRESENTS A CONTINGENT RIGHT TO RECEIVE ONE SHARE OF COMMON STOCK UPON VESTING OF THE UNIT.
FAQ
What insider transaction did Univest Financial (UVSP) director Michael L. Turner report?
Michael L. Turner reported vesting of 1,766 restricted stock units into 1,766 Univest Financial common shares at $0 per share. He also reported a new grant of 1,283 restricted stock units as part of his equity compensation.
What are the key details of the new restricted stock unit grant to the Univest (UVSP) director?
Turner received 1,283 new restricted stock units, each representing a contingent right to one Univest common share. These units are scheduled to vest on January 31, 2028, assuming he continues to provide service through that vesting date.
How were the 1,766 restricted stock units reported by Univest (UVSP) settled?
The 1,766 restricted stock units were settled on a one-for-one basis into 1,766 shares of Univest common stock. The reported price was $0 per share, reflecting a typical equity award vesting rather than an open-market purchase.
What does the dividend reinvestment plan position mean in Univest (UVSP) director Turner’s holdings?
Turner’s 32,504.2574 Univest common shares include 2,188.2574 shares accumulated through the dividend reinvestment plan. This indicates that dividends on his holdings were automatically used to purchase additional fractional and whole shares over time.
When do Michael L. Turner’s new Univest (UVSP) restricted stock units vest?
The 1,283 new restricted stock units granted to Turner are scheduled to vest on January 31, 2028. Vesting is conditioned on his continued service with Univest through that date, consistent with typical director equity award terms.