Company: UVSP
Filing Date: 2025-10-24
Form Type: 10-Q
Source: 0000102212-25-000028
Chunk: 43

Company: UNIVEST FINANCIAL Corp
Filing Date: 2025-10-24
Form: 10-Q
Item: Item 1
Chunk 43
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gain)188 526 (76)(85)Net periodic benefit (income) cost$(274)$128 $37 $38 The components of net periodic benefit cost, other than the service cost component, are included in other noninterest expense in the condensed consolidated statements of income.The Corporation expects to make total contributions of $156 thousand to the Retirement Plans and $107 thousand to Other Postretirement Benefit Plans in 2025. During the nine months ended September 30, 2025, the Corporation contributed $117 thousand to its Retirement Benefit Plans and $82 thousand to its Other Postretirement Benefit Plans. During the nine months ended September 30, 2025, $2.1 million was paid to participants from the Retirement Plans and $82 thousand was paid to participants from the Other Postretirement Benefit Plans.

Note 9. Stock-Based Incentive Plan

On April 26, 2023, the 2023 Equity Incentive Plan (the Plan) was approved by shareholders. This Plan replaced the Amended and Restated Univest 2013 Long-Term Incentive Plan (the 2013 Plan), which expired in April 2023. No new grants are permitted under the 2013 Plan. However, certain options and restricted stock units granted under the 2013 Plan remain outstanding.The following is a summary of the Corporation's stock option activity and related information for the nine months ended September 30, 2025:(Dollars in thousands, except per share data)Shares Under OptionWeighted Average Exercise Price Per ShareWeighted Average Remaining Contractual Life (Years)Aggregate Intrinsic Value at September 30, 2025Outstanding at December 31, 2024127,782 $27.72 Exercised(13,000)24.84 Outstanding at September 30, 2025114,782 $28.05 1.9$226 Exercisable at September 30, 2025114,782 $28.05 1.9$226 The Corporation did not grant any stock options during the nine months ended September 30, 2025 or September 30, 2024.

34

The following is a summary of nonvested restricted stock units at September 30, 2025 including changes during the nine months then ended:(Dollars in thousands, except per share data) Nonvested Stock Units Weighted Average Grant Date Fair ValueNonvest