Company: UVSP
Filing Date: 2025-03-14
Form Type: DEF 14A
Source: 0000102212-25-000009
Chunk: 47

Company: UNIVEST FINANCIAL Corp
Filing Date: 2025-03-14
Form: DEF 14A
Chunk 47
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 Nominating and Governance Committee                                                                                                      |
|                                     |     | $8,500 Compensation Committee                                                                                                                   |
|                                     |     | $4,500 Community Reinvestment Act Committee                                                                                                     |
|                                     |     | $4,500 Trust Committee                                                                                                                          |
| Committee Retainer                  |     | $11,000 Executive Committee                                                                                                                     |
|                                     |     | $6,000 Audit Committee                                                                                                                          |
|                                     |     | $6,000 Compensation Committee                                                                                                                   |
|                                     |     | $6,000 Nominating and Governance Committee                                                                                                      |
|                                     |     | $6,000 Enterprise-Wide Risk Management Committee                                                                                                |
|                                     |     | $6,000 Community Reinvestment Act Committee                                                                                                     |
|                                     |     | $6,000 Trust Committee                                                                                                                          |

(1) Annual retainer, Committee Chair retainers and Committee retainers are paid in quarterly installments.

#### Director Mandatory Retirement Age
The Corporation's Bylaws provide that a Director is required to retire from the Board on the first day of the month following their 72 nd birthday. Notwithstanding this mandatory provision, the Board, by the affirmative vote of a majority of Directors, may extend the retiring Director's service eligibility for up to an additional three years as permitted under the Corporation's Bylaws.

#### Stock Ownership Requirements
All non-employee Directors and Alternate Directors, if any, are each required to own 10,000 shares of the Corporation's stock within five years of becoming a Director or an Alternate Director. Each non-employee Director who has been a Director or Alternate Director for at least five years is in compliance with this policy. The following shares are considered "owned" for the purpose of meeting the ownership requirements:

• All shares held by the Director or their spouse;

• All restricted stock units (vested or unvested); and

• Shares held in trust for the benefit of the Director or their immediate family members.

#### Director Resignation Policy
The Corporation has a Director Resignation Policy (the "Resignation Policy") to address a situation in which a nominee for election to the Board in an uncontested election is elected, despite receiving more votes "withheld" for his or her election than votes "for" his or her election (a "Majority Withheld Vote"). By accepting a nomination to stand for election or re-election as a Director of the Corporation or an appointment as Director to fill a vacancy or new Directorship, each candidate, nominee or appointee agrees that if