Company: UVSP
Filing Date: 2025-03-14
Form Type: DEF 14A
Source: 0000102212-25-000009
Chunk: 27

Company: UNIVEST FINANCIAL Corp
Filing Date: 2025-03-14
Form: DEF 14A
Chunk 27
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 |                        87,961 |
| Megan D. Santana      |     |                                            2,589 |     |                        50,641 |
| Patrick C. McCormick  |     |                                            2,148 |     |                        42,015 |

(a) The restricted stock units vest in three equal annual installments beginning on the first anniversary of the date of grant.

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(b) Based on the closing price of the Common Stock of $19.56 on the date of grant.

Vesting of 2022 Performance-Based Restricted Stock Units

During 2022, the Corporation granted its Named Executive Officers performance-based restricted stock units as detailed in the following chart.

| Executive               |     | 

# of Target Units Granted |
| Jeffrey M. Schweitzer   |     |                    11,538 |
| Brian J. Richardson     |     |                     4,578 |
| Michael S. Keim         |     |                     6,202 |
| Megan D. Santana        |     |                     3,908 |
| Patrick C. McCormick(1) |     |                         — |

(1) Mr. McCormick was not an employee of the Corporation at the time of this grant.

The 2022 performance-based restricted stock units will settle on March 15, 2025 based on the Corporation's performance during the three-year performance period compared to (i) the Select Peer Group with respect to the three-year average adjusted PTPP-NCO ROAA and (ii) an internally determined cumulative adjusted PTPP-NCO target for the three years ended December 31, 2024, as determined at the date of the grant which was approved by the Compensation Committee. Each criteria is equally weighted at 50% of the vesting.

| Amount of Shares Vesting                |     | 50% of Target (Threshold) |     |          Target |     | 150% of Target (Optimum) |
| Adjusted PTPP-NCO ROAA                  |     |           35th Percentile |     | 50th Percentile |     |          75th Percentile |
| Three Year Cumulative Adjusted PTPP-NCO |     |                  $215,394 |     |        $269,242 |     |                 $323,091 |

Actual results for the three-year PTPP-NCO ROAA analysis were adjusted for certain non-recurring items such as the impact of the sale of mortgage servicing