Company: UVSP
Filing Date: 2025-03-14
Form Type: DEF 14A
Source: 0000102212-25-000009
Chunk: 32

Company: UNIVEST FINANCIAL Corp
Filing Date: 2025-03-14
Form: DEF 14A
Chunk 32
---
 considering the value of the non-competition and non-solicitation covenants, the payments will be reduced if the reduction would leave the Executive financially better off on an after-tax basis than if the Executive received the entire payment and was obligated to pay the excise tax under Section 4999 of the Internal Revenue Code.

### IMPACT OF TAXATION ON THE FORM OF COMPENSATION
The Compensation Committee considers a variety of factors, including the Corporation's tax position, the materiality of the payments and tax deductions involved, the objectives of the executive compensation programs and the Corporation's compensation philosophy in structuring compensation programs and making compensation decisions.

<div align='center'>21</div>

### OVERVIEW OF BASE SALARY CHANGES FOR 2025

#### 2025 Base Salaries
In December 2024, the Compensation Committee met and reviewed the performance of the Named Executive Officers with the Chief Executive Officer to determine increases in base salary compensation for 2025. The Committee also met in executive session without the Chief Executive Officer to discuss his base salary for 2025. Increases in base salary compensation for 2025 were based on individual performance and the selected peer group compensation review performed by the Corporation's independent compensation consultant. The Chief Executive Officer's 2025 base salary was approved by the full Board of Directors (with the exception of the Chief Executive Officer) in December 2024.

Below outlines the increases in base salary compensation for 2025 approved by the Compensation Committee:

| Executive             |     | 2025 ($) |     | 2024 ($) |     | Base Salary Increase |
| Jeffrey M. Schweitzer |     |  830,000 |     |  806,000 |     | 3.0%                 |
| Brian J. Richardson   |     |  453,000 |     |  443,000 |     | 2.3%                 |
| Michael S. Keim       |     |  545,000 |     |  533,000 |     | 2.3%                 |
| Megan D. Santana      |     |  390,000 |     |  375,000 |     | 4.0%                 |
| Patrick C. McCormick  |     |  412,000 |     |  400,000 |     | 3.0%                 |

### COMPENSATION COMMITTEE REPORT
The Compensation Committee has reviewed and discussed the "Compensation Discussion and Analysis" section of this