Univest CEO exercises options, sells 13,933 shares
UNIVEST FINANCIAL Corp Chairman, President & CEO Jeffrey M. Schweitzer exercised stock options for 13,933 common shares at $28.50 per share and on the same day sold 13,933 shares in open-market transactions at a weighted average price of $40.9111 per share.
Rhea-AI Filing Summary
UNIVEST FINANCIAL Corp Chairman, President & CEO Jeffrey M. Schweitzer exercised stock options for 13,933 common shares at $28.50 per share and on the same day sold 13,933 shares in open-market transactions at a weighted average price of $40.9111 per share.
After these transactions, he holds 110,513.1043 common shares directly and 101.2362 shares indirectly for a child, which include 10,090.1043 shares acquired through a dividend reinvestment plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and Sale: 13,933 shares ($173K approx. pre-tax spread)
Exercise and Sale
4 txns
Insider
SCHWEITZER JEFFREY M
Role
Chairman, President & CEO
Sold
13,933 shs ($570K)
Approx. gross sale proceeds
$570K
Approx. exercise cost
$397K
Approx. pre-tax spread
$173K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Options (Right to Buy) | 13,933 | $0.00 | $0.00 |
| Exercise | Common | 13,933 | $28.50 | $397K |
| Sale | Common | 13,933 | $40.9111 | $570K |
| holding | Common | -- | -- | -- |
Holdings After Transaction:
Stock Options (Right to Buy) — 0 contracts (Direct);
Common — 110,513.1043 shares (Direct);
Common — 101.2362 shares (Indirect, Child)
Footnotes (3)
- F1. INCLUDES 10,090.1043 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 $40.675 TO $41.09, 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: 13,933 shares
Weighted average sale price: $40.9111 per share
Option exercise price: $28.50 per share
+5 more
8 metrics
Shares sold
13,933 shares
Open-market sale of common stock
Weighted average sale price
$40.9111 per share
Common stock sale price on transaction date
Option exercise price
$28.50 per share
Stock options (Right to Buy) exercise price
Direct holdings after transaction
110,513.1043 shares
Common shares held directly post-transaction
Indirect child holdings
101.2362 shares
Common shares held indirectly for a child
Dividend reinvestment shares
10,090.1043 shares
Portion acquired via dividend reinvestment plan
Option shares exercised
13,933 shares
Underlying common shares from stock options exercised
Option expiration date
March 15, 2028
Original expiration of exercised stock options
Key Terms
Stock Options (Right to Buy), weighted average price, dividend reinvestment plan, open-market sale, +1 more
5 terms
Stock Options (Right to Buy) financial
"security_title: "Stock Options (Right to Buy)" linked to common shares"
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.
dividend reinvestment plan financial
"INCLUDES 10,090.1043 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.
open-market sale financial
"transaction_action: "open-market sale" for the common stock transaction"
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.
derivative exercise/conversion financial
"transaction_action: "derivative exercise/conversion" for the option transactions"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did UVSP CEO Jeffrey Schweitzer report on this Form 4?
Jeffrey Schweitzer reported an option exercise and share sale involving 13,933 Univest (UVSP) common shares. He exercised stock options at $28.50 per share and sold the same number of shares in open-market transactions at a weighted average price of $40.9111 per share.
What type of derivative security did the UVSP CEO exercise in this filing?
The UVSP CEO exercised stock options, described as “Stock Options (Right to Buy)” on Univest common stock. These options covered 13,933 underlying shares at a conversion or exercise price of $28.50 per share and had an original expiration date of March 15, 2028.
Does this UVSP Form 4 show remaining stock options for the CEO after the exercise?
The Form 4 indicates the exercised stock option position now shows 0.0000 derivative shares remaining. The derivative section lists the stock options with 13,933 shares before exercise and a post-transaction balance of zero, suggesting this particular option grant was fully exercised.
How do Jeffrey Schweitzer’s UVSP stock options vest according to the filing?
A footnote explains that, at the grant date, Univest stock options become exercisable at 33.3% per year for three years, beginning on the stated exercisable date. This means the options vest in roughly equal annual installments over a three-year period before expiration.
AI-generated analysis. How Rhea-AI works. Not financial advice.
