Company: UVSP
Filing Date: 2025-03-14
Form Type: DEF 14A
Source: 0000102212-25-000009
Chunk: 23

Company: UNIVEST FINANCIAL Corp
Filing Date: 2025-03-14
Form: DEF 14A
Chunk 23
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%                             |     | 35.0%                         |     | 52.5%                             |     |          140,000 |     | 38.2%                           |     |          152,871 |

Before the start of 2024, the Committee set target performance for the financial goals at levels it considered challenging with a reasonable likelihood of being achieved and that represented strong levels of performance based on the Corporation's business outlook, estimated general economic conditions, and our budget for 2024, which was approved by the Board in December 2023. Optimum levels were established at levels so that such amount would be earned only if the Corporation's actual performance significantly exceeded forecasted performance.

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The Corporation's financial targets set by the Compensation Committee for 2024 along with the actual results for the Annual Incentive Compensation component of executive compensation were as follows:

| Performance Metric                                   |     | Goal Weight(1) |     | Threshold |     | Target (Plan) |     |  Optimum |     |  Actual |     | Achievement (% of Target) |     | Weighted Corporate Performance Award (% of Target) |
| Adjusted PTPP(2) (3)                                 |     | 25.0%          |     |   $77,016 |     |       $96,270 |     | $115,524 |     | $97,627 |     | 103.5%                    |     | 32.4%                                              |
| Adjusted PTPP Return on Average Equity(2) (3)        |     | 15.0%          |     |     9.20% |     |        11.50% |     |   13.80% |     |  11.38% |     | 96.9%                     |     | 18.2%                                              |
| Adjusted Efficiency Ratio(2) (3)                     |     | 15.0%          |     |     70.2% |     |         67.7% |     |    65.2% |     |   66.5% |     | 124.5%                    |     | 23.3%                                              |
| Relative NPAs to Total Assets(4)                     |     | 15.0%          |     |     0.68% |     |         0.43% |     |    0