Company: UVSP
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000102212-25-000019
Chunk: 155

Company: UNIVEST FINANCIAL Corp
Filing Date: 2025-04-29
Form: 10-Q
Item: Item 8
Chunk 155
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 2025 that materially affected, or are reasonably likely to materially affect, the Corporation’s internal control over financial reporting.

PART II. OTHER INFORMATION

Item 1.    Legal Proceedings

The Corporation is periodically subject to various pending and threatened legal actions that involve claims for monetary relief. Based upon information presently available to the Corporation, it is the Corporation's opinion that any legal and financial responsibility arising from such claims will not have a material adverse effect on the Corporation's results of operations, financial position or cash flows.

Item 1A. Risk Factors

There have been no material changes in risk factors applicable to the Corporation from those disclosed in "Risk Factors" in Item 1A of the Corporation's Annual Report on Form 10-K for the year ended December 31, 2024.

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Item 2.    Unregistered Sales of Equity Securities and Use of Proceeds 

The following table provides information on repurchases by the Corporation of its common stock during the first quarter of 2025, under the Corporation's Board approved program.

ISSUER PURCHASES OF EQUITY SECURITIESPeriodTotal Numberof SharesPurchasedAveragePrice Paidper Share 1Total Number ofShares Purchased asPart of PubliclyAnnounced Plans orProgramsMaximum Number ofShares that May Yet BePurchased Under thePlans or ProgramsJanuary 1 – 31, 202543,110 $29.51 43,110 1,357,044 February 1 – 28, 202543,888 30.83 43,888 1,313,156 March 1 – 31, 2025134,762 29.08 134,762 1,178,394 Total221,760 $29.51 221,760 

1.Average price paid per share includes stock repurchase excise tax.

On October 26, 2022, the Corporation's Board of Directors approved the repurchase of 1,000,000 shares, or approximately 3.4% of the Corporation's common stock outstanding as of September 30, 2022. On October 23, 2024, the Corporation's Board of Directors approved the repurchase of 1,000,000 additional shares, or approximately 3.4% of the Corporation's common stock outstanding as of September 30, 2024. The stock repurchase plans do not include