Univest COO sells shares, exercises stock options
UNIVEST FINANCIAL Corp Senior EVP & COO Michael S. Keim exercised stock options and sold shares of common stock.
Rhea-AI Filing Summary
UNIVEST FINANCIAL Corp Senior EVP & COO Michael S. Keim exercised stock options and sold shares of common stock. He exercised options for 7,245 shares at $28.50 per share, then completed an open-market sale of 7,245 shares at a weighted average price of $38.7063, with individual sale prices ranging from $38.62 to $38.81. After these transactions, he directly holds 66,979.077 shares of common stock, which include 7,154.509 shares acquired through a dividend reinvestment plan. The exercised option grant vested in thirds over three years from its exercisable date.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and Sale: 7,245 shares ($74K approx. pre-tax spread)
Exercise and Sale
3 txns
Insider
Keim Michael S
Role
Senior EVP & COO
Sold
7,245 shs ($280K)
Approx. gross sale proceeds
$280K
Approx. exercise cost
$206K
Approx. pre-tax spread
$74K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Options (Right to Buy) | 7,245 | $0.00 | $0.00 |
| Exercise | Common | 7,245 | $28.50 | $206K |
| Sale | Common | 7,245 | $38.7063 | $280K |
Holdings After Transaction:
Stock Options (Right to Buy) — 0 contracts (Direct);
Common — 66,979.077 shares (Direct)
Footnotes (3)
- F1. INCLUDES 7,154.509 SHARES ACQUIRED THROUGH THE DIVIDEND REINVESTMENT PLAN.
- F2. THE PRICE REPORTED IN COLUMN 4 IS A WEIGHTED AVERAGE PRICE. THESE SHARES WERE SOLD IN MULTIPLE TRANSACTIONS AT PRICES RANGING FROM $38.62 TO $38.81, 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: 7,245 shares
Weighted average sale price: $38.7063 per share
Shares held after transaction: 66,979.077 shares
+4 more
7 metrics
Shares sold
7,245 shares
Open-market sale of common stock on 2026-05-05
Weighted average sale price
$38.7063 per share
Common stock sale on 2026-05-05; trades $38.62–$38.81
Shares held after transaction
66,979.077 shares
Direct common stock ownership following transactions
Options exercised
7,245 shares
Stock options exercised into common on 2026-05-05
Option exercise price
$28.50 per share
Exercise price for 7,245 stock options
Dividend reinvestment shares
7,154.509 shares
Portion of holdings from dividend reinvestment plan
Remaining derivative options
0 options
Stock Options (Right to Buy) position after exercise
Key Terms
open-market sale, Stock Options (Right to Buy), dividend reinvestment plan, weighted average price, +1 more
5 terms
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
Stock Options (Right to Buy) financial
"security_title": "Stock Options (Right to Buy)""
dividend reinvestment plan financial
"INCLUDES 7,154.509 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.
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.
derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did UVSP executive Michael S. Keim report?
Michael S. Keim reported an option exercise and share sale. He exercised options for 7,245 Univest Financial common shares at $28.50, then sold 7,245 shares in an open-market transaction at a weighted average price of $38.7063 per share.
What stock options did the Univest Financial COO exercise in this filing?
He exercised stock options covering 7,245 underlying Univest Financial common shares at an exercise price of $28.50 per share. The related derivative position, labeled as “Stock Options (Right to Buy),” shows zero options remaining after the exercise on the reported date.
How did the Univest Financial stock options for the COO vest over time?
According to the footnote, the stock options were exercisable at 33.3% per year over three years, starting from the stated exercisable date. This means the grant vested in roughly equal annual installments before being fully exercisable by the option holder.
AI-generated analysis. How Rhea-AI works. Not financial advice.
