Company: UVSP
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000102212-25-000006
Chunk: 67

Company: UNIVEST FINANCIAL Corp
Filing Date: 2025-02-24
Form: 10-K
Item: Item 8
Chunk 67
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31, 2024127,782 27.72 2.6$229 Exercisable at December 31, 2024127,782 27.72 2.6229 The Corporation did not grant any stock options during the years ended December 31, 2024, 2023 or 2022.The following is a summary of nonvested restricted stock units at December 31, 2024 including changes during the year:(Dollars in thousands, except per share data) Nonvested Stock Units Weighted Average Grant Date Fair ValueNonvested stock units at December 31, 2023392,548 $26.54 Granted277,134 19.81 Added by performance factors10,125 28.42 Vested(152,875)27.56 Cancelled/forfeited(25,253)24.18 Nonvested stock units at December 31, 2024501,679 22.67 Certain information regarding restricted stock units is summarized below for the periods indicated:For the Years Ended December 31,(Dollars in thousands, except per share data)202420232022Restricted stock units granted277,134 217,929 186,360 Weighted average grant date fair value$19.81 $24.88 $28.06 Intrinsic value of units granted$5,490 $5,423 $5,229 Restricted stock units vested152,875 181,508 124,167 Weighted average grant date fair value$27.56 $22.21 $23.53 Intrinsic value of units vested$3,031 $4,512 $3,519  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 December 31, 2024 is presented below:(Dollars in thousands)Unrecognized Compensation CostWeighted-Average Period Remaining (Years)Restricted stock units$5,781 1.8The following table presents information related to the Corporation's compensation expense related to its stock incentive plans recognized for the periods indicated:For the Years Ended December 31,(Dollars in thousands)202420232022Stock-based compensation expense:Restricted stock units$4,615 $4,194 $4,120 Employee stock purchase plan91 104 100 Total$