Univest CRO exercises options, sells 2,787 shares
Accepted by SEC EDGAR
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Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
UNIVEST FINANCIAL Corp Sr EVP & Chief Risk Officer and General Counsel Megan D. Santana exercised stock options for 2,787 shares of common stock at $28.50 per share and sold 2,787 shares in an open-market transaction at a weighted average price of $40.8334 per share. Following these transactions, she holds 35,975.2625 common shares directly, including 13,925.2625 shares acquired through the dividend reinvestment plan and employee stock purchase plan.
Insider Trade Summary
Exercise and Sale: 2,787 shares ($34K approx. pre-tax spread)
Exercise and Sale
3 txns
Insider
Santana Megan D
Role
Sr EVP & Chief Risk Officer
Sold
2,787 shs ($114K)
Approx. gross sale proceeds
$114K
Approx. exercise cost
$79K
Approx. pre-tax spread
$34K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Options (Right to Buy) | 2,787 | $0.00 | $0.00 |
| Exercise | Common | 2,787 | $28.50 | $79K |
| Sale | Common | 2,787 | $40.8334 | $114K |
Holdings After Transaction:
Stock Options (Right to Buy) — 0 contracts (Direct);
Common — 35,975.2625 shares (Direct)
Footnotes (3)
- F1. INCLUDES 13,925.2625 SHARES ACQUIRED THROUGH THE DIVIDEND REINVESTMENT PLAN AND EMPLOYEE STOCK PURCHASE PLAN.
- F2. THE PRICE REPORTED IN COLUMN 4 IS A WEIGHTED AVERAGE PRICE. THESE SHARES WERE SOLD IN MULTIPLE TRANSACTIONS AT PRICES RANGING FROM $40.76 TO $40.89, INCLUSIVE. THE REPORTING PERSON UNDERTAKES TO PROVIDE TO UNIVEST FINANCIAL CORPORATION, ANY SECURITY HOLDER OF UNIVEST FINANCIAL CORPORATION, OR THE STAFF OF THE SECURITIES AND EXCHANGE COMMISSION, UPON REQUEST, FULL INFORMATION REGARDING THE NUMBER OF SHARES SOLD AT EACH SEPARATE PRICE WITHIN THE RANGES SET FORTH IN THIS FOOTNOTE.
- F3. AT THE GRANT DATE, STOCK OPTIONS ARE EXERCISABLE AT 33.3% PER YEAR FOR THREE YEARS COMMENCING WITH THE EXERCISABLE DATE INDICATED.
Key Figures
Shares sold: 2,787 shares
Sale price (weighted average): $40.8334 per share
Options exercised: 2,787 shares
+3 more
6 metrics
Shares sold
2,787 shares
Open-market sale of common stock on June 8, 2026
Sale price (weighted average)
$40.8334 per share
Common shares sold in multiple trades between $40.76 and $40.89
Options exercised
2,787 shares
Stock options (right to buy) exercised into common stock
Option exercise price
$28.50 per share
Strike price for exercised stock options
Shares held after
35,975.2625 shares
Direct common stock ownership following transactions
DRIP and ESPP shares
13,925.2625 shares
Portion of holdings from dividend reinvestment and employee stock purchase plans
Key Terms
Stock Options (Right to Buy), dividend reinvestment plan, employee stock purchase plan, weighted average price, +1 more
5 terms
Stock Options (Right to Buy) financial
"security_title": "Stock Options (Right to Buy)""
dividend reinvestment plan financial
"INCLUDES 13,925.2625 SHARES ACQUIRED THROUGH THE DIVIDEND REINVESTMENT PLAN"
A dividend reinvestment plan lets shareholders automatically use cash dividends to buy more shares of the same company instead of receiving the money. It matters to investors because it turns regular payouts into a steady way to grow ownership and take advantage of compound returns—like having your savings automatically buy additional slices of a pie over time—while often reducing transaction costs and smoothing purchase timing.
employee stock purchase plan financial
"AND EMPLOYEE STOCK PURCHASE PLAN."
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
weighted average price financial
"THE PRICE REPORTED IN COLUMN 4 IS A WEIGHTED AVERAGE PRICE."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
Exercise or conversion of derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security""
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did UVSP executive Megan D. Santana report?
Megan D. Santana reported exercising options for 2,787 Univest Financial (UVSP) common shares and selling 2,787 shares in an open-market transaction. The trades occurred on June 8, 2026, and involved non-derivative common stock and related stock options.
What stock options did Megan D. Santana exercise in this UVSP Form 4?
She exercised stock options covering 2,787 Univest Financial common shares at an exercise price of $28.50 per share. The options were originally granted with vesting at 33.3% per year over three years and had an expiration date of March 15, 2028.
What type of transaction code appears in Megan D. Santana’s UVSP Form 4?
The Form 4 shows an open-market sale coded “S” for 2,787 common shares and option exercises coded “M” for 2,787 underlying shares and related derivatives. Code “S” indicates a sale transaction, while code “M” reflects the exercise or conversion of a derivative security.
What roles does Megan D. Santana hold at Univest Financial (UVSP)?
Megan D. Santana is identified as Sr EVP & Chief Risk Officer and General Counsel of Univest Financial Corp. Her Form 4 filing reflects personal transactions in company securities consistent with her status as a reporting officer under SEC rules.
AI-generated analysis. How Rhea-AI works. Not financial advice.
