Company: UVSP
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0001628280-25-036392
Chunk: 42

Company: UNIVEST FINANCIAL Corp
Filing Date: 2025-07-29
Form: 10-Q
Item: Item 1
Chunk 42
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ollars in thousands, except per share data)Shares Under OptionWeighted Average Exercise Price Per ShareWeighted Average Remaining Contractual Life (Years)Aggregate Intrinsic Value at June 30, 2025Outstanding at December 31, 2024127,782 $27.72 Exercised(13,000)24.84 Outstanding at June 30, 2025114,782 $28.05 2.1$229 Exercisable at June 30, 2025114,782 $28.05 2.1$229 The Corporation did not grant any stock options during the six months ended June 30, 2025 or June 30, 2024.The following is a summary of nonvested restricted stock units at June 30, 2025 including changes during the six months then ended:(Dollars in thousands, except per share data) Nonvested Stock Units Weighted Average Grant Date Fair ValueNonvested stock units at December 31, 2024501,679 $22.67 Granted196,666 28.44 Added by performance factor2,761 28.21 Vested(164,280)25.33 Forfeited(5,451)16.23 Nonvested stock units at June 30, 2025531,375 $24.02 Certain information regarding restricted stock units is summarized below for the periods indicated:Six Months Ended June 30,(Dollars in thousands, except per share data)20252024Restricted stock units granted196,666 273,030 Weighted average grant date fair value$28.44 $19.70 Intrinsic value of units granted$5,592 $5,378 Restricted stock units vested164,280 151,041 Weighted average grant date fair value$25.33 $27.66 Intrinsic value of units vested$4,670 $2,983 

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The total unrecognized compensation expense and the weighted average period over which unrecognized compensation expense is expected to be recognized related to nonvested restricted stock units at June 30, 2025 is presented below:(Dollars in thousands)Unrecognized Compensation CostWeighted-Average Period Remaining (Years)Restricted stock units$8,807 2.1The following table presents information related to the Corporation’s compensation expense related to stock incentive plans recognized for the