Company: UVSP
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0001628280-25-036392
Chunk: 133

Company: UNIVEST FINANCIAL Corp
Filing Date: 2025-07-29
Form: 10-Q
Item: Item 8
Chunk 133
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, 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 

32

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 periods indicated:Six Months Ended June 30,(Dollars in thousands)20252024Stock-based compensation expense:Restricted stock units$2,252 $2,231 Employee stock purchase plan45 49 Total$2,297 $2,280 Tax benefit on nonqualified stock option expense and disqualifying dispositions of incentive stock options$275 $658 

Note 10. Accumulated Other Comprehensive (Loss) Income

The following table shows the components of accumulated other comprehensive (loss) income, net of taxes, for the periods presented:(Dollars in thousands)Net UnrealizedLosses onAvailable-for-SaleInvestmentSecuritiesNet ChangeRelated toDerivatives Used for Cash Flow HedgesNet ChangeRelated toDefined BenefitPension PlansAccumulatedOtherComprehensiveLossBalance, December 31, 2024$(35,117)$(2,422)$(6,453)$(43,992)Other comprehensive income8,068 — 59 8,127 Reclassification adjustment recorded in earnings (1)— 896 — 896 Balance, June 30, 2025$(27,049)$(1,526)$(6,394)$(34,969)Balance, December 31, 2023$(34,321)$(4,566)$(11,759)$(50,646)Other comprehensive (loss) income(2,205)(1,505)232 (3,478)Balance, June 30,