Company: UVSP
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0001628280-25-036392
Chunk: 94

Company: UNIVEST FINANCIAL Corp
Filing Date: 2025-07-29
Form: 10-Q
Item: Item 1A
Chunk 94
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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 second 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 ProgramsApril 1 – 30, 202587,598 $27.31 87,598 1,090,796 May 1 – 31, 202551,986 30.62 51,986 1,038,810 June 1 – 30, 202533,173 29.56 33,173 1,005,637 Total172,757 $28.74 172,757 

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 normal treasury activity such as purchases to fund the dividend reinvestment, employee stock purchase and equity compensation plans. The stock repurchase plans have no scheduled expiration date, and the Board of Directors has the right to suspend or discontinue the plans at any time.

In addition to the repurchases disclosed above, participants in the Corporation's stock-based incentive plans may have shares withheld to cover income taxes upon the vesting of restricted stock awards and may use a stock swap to exercise stock options. Shares withheld to cover income taxes upon the vest