Company: UVSP
Filing Date: 2025-10-24
Form Type: 10-Q
Source: 0000102212-25-000028
Chunk: 44

Company: UNIVEST FINANCIAL Corp
Filing Date: 2025-10-24
Form: 10-Q
Item: Item 1
Chunk 44
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ed stock units at December 31, 2024501,679 $22.67 Granted196,666 28.44 Added by performance factor2,761 28.21 Vested(165,698)25.33 Forfeited(11,978)23.08 Nonvested stock units at September 30, 2025523,430 $24.01 Certain information regarding restricted stock units is summarized below for the periods indicated:Nine Months Ended September 30,(Dollars in thousands, except per share data)20252024Restricted stock units granted196,666 277,134 Weighted average grant date fair value$28.44 $19.81 Intrinsic value of units granted$5,592 $5,490 Restricted stock units vested165,698 151,375 Weighted average grant date fair value$25.33 $27.66 Intrinsic value of units vested$4,714 $2,990 The total unrecognized compensation expense and the weighted average period over which unrecognized compensation expense is expected to be recognized related to nonvested restricted stock units at September 30, 2025 is presented below:(Dollars in thousands)Unrecognized Compensation CostWeighted-Average Period Remaining (Years)Restricted stock units$7,393 1.9The following table presents information related to the Corporation’s compensation expense related to stock incentive plans recognized for the periods indicated:Nine Months Ended September 30,(Dollars in thousands)20252024Stock-based compensation expense:Restricted stock units$3,402 $3,414 Employee stock purchase plan67 73 Total$3,469 $3,487 Tax benefit on nonqualified stock option expense and disqualifying dispositions of incentive stock options$514 $879 

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Note 10. Accumulated Other Comprehensive (Loss) Income

The following table shows the components of accumulated other comprehensive (loss) income, net of taxes, for the periods presented:(Dollars in thousands)Net UnrealizedLosses onAvailable-for-SaleInvestmentSecuritiesNet ChangeRelated toDerivatives Used for Cash Flow HedgesNet ChangeRelated toDefined BenefitPension PlansAccumulatedOtherComprehensiveLossBalance, December 31, 2024$(35,117)$(2,422)$(6,453)$(43,992)Other comprehensive income10,916