Company: UVSP
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000102212-25-000019
Chunk: 78

Company: UNIVEST FINANCIAL Corp
Filing Date: 2025-04-29
Form: 10-Q
Item: Item 4
Chunk 78
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UER 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 ProgramsJanuary 1 – 31, 202543,110 $29.51 43,110 1,357,044 February 1 – 28, 202543,888 30.83 43,888 1,313,156 March 1 – 31, 2025134,762 29.08 134,762 1,178,394 Total221,760 $29.51 221,760 

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 plan has no scheduled expiration date, and the Board of Directors has the right to suspend or discontinue the plan 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 vesting of restricted stock awards and stock swaps to exercise stock options are repurchased pursuant to the terms of the applicable plan and not under the Corporation's share repurchase program. Shares repurchased pursuant to these plans during the three months ended March 31, 2025 were as follows:

PeriodTotal Number of Shares PurchasedAverage Price Paid per ShareJanuary 1 – 31, 2025— $— February 1 – 28, 2025— — March 1 – 31, 2025—