Company: UVSP
Filing Date: 2025-03-14
Form Type: DEF 14A
Source: 0000102212-25-000009
Chunk: 28

Company: UNIVEST FINANCIAL Corp
Filing Date: 2025-03-14
Form: DEF 14A
Chunk 28
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 rights in the first quarter of 2024, BOLI death benefit claims, and restructuring charges. The adjusted PTPP-NCO ROAA for the three-year period ended December 31, 2024 was 1.32%, which ranked 128 th of 234 Peer Banks (that had reported results as of February 7, 2025), or at the 45.5 percentile, which is below the 50 th percentile target. This provided for a vest rate of 85.0% of shares for the adjusted PTPP-NCO ROAA test.

Actual results for the three-year cumulative PTPP-NCO analysis were adjusted for certain non-recurring items such as Paych eck Protection Program loans, the impact of the sale of mortgage servicing rights in the first quarter of 2024, BOLI death benefit claims, restructuring charges, and incremental expense related to the FDIC assessment rate change in 2023. Adjusted PTPP-NCO for the three years ended December 31, 2024 was $296,953 which was above target and provided for a vest rate of 125.7% of shares for the adjusted PTPP-NCO test.

Based on the above analysis, the vest rate for the 2022 performance-based restricted stock was 105.4% and each Executive will receive 105.4% of the target shares identified in the above table.

#### Dividends on Unvested Equity Awards
Named Executive Officers and non-employee directors have no ownership rights or rights to dividends on unvested equity awards. Dividend equivalents for unvested restricted stock units are accrued by the Corporation over the vesting period and paid out in cash when the underlying shares are issued based on the number of restricted stock units that have vested.

### RETIREMENT BENEFITS AND OTHER COMPENSATION

#### Deferred Salary Savings Plan
Our Named Executive Officers can participate in the Deferred Salary Savings Plan (the "DSSP") in the same manner as other salaried employees of the Corporation. Under the DSSP, on an elective basis, employees may defer a portion of their compensation to the plan.

After employees complete six months of service, the Corporation or its subsidiaries will make a matching contribution of 50% of the first 6% of the participant's deferred salary. The matching contributions vest at 50% at the end of two years of service, 75% at the end of three years of service, and 100% at the