Form 4: UNIVEST EVP Monios Boosts Stake, Receives New Equity Awards

Eleni S. Monios, EVP & Chief Credit Officer of UNIVEST FINANCIAL Corp, reported the vesting and settlement of restricted stock units and new equity awards.

Summary

• Eleni S. Monios, EVP & Chief Credit Officer of UNIVEST FINANCIAL Corp, reported transactions on March 15, 2026.
• Monios acquired a total of 1,307 shares of common stock through the settlement of Restricted Stock Units (RSUs) at a price of $0 per share.
• A total of 444 shares of common stock were disposed of at $32.72 per share to cover tax liabilities related to the RSU vesting.
• Following these transactions, Monios beneficially owns 2,904 shares of common stock directly.
• New equity awards include 1,011 Restricted Stock Units (RSUs) and 2,358 Performance Restricted Stock Units (PRSUs).
• The newly granted RSUs vest at 33.33% per year over three years, commencing March 15, 2027.
• The PRSUs vest on March 15, 2029, with the actual number of shares awarded determined by company performance over a three-year period, potentially up to 150% of the reported units.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a standard executive compensation event, reflecting ongoing alignment of management incentives with long-term company performance, which is generally positive for corporate governance.

Positives

• Eleni S. Monios received new grants of 1,011 Restricted Stock Units and 2,358 Performance Restricted Stock Units, aligning her interests with long-term company performance.
• The vesting of existing RSUs and subsequent acquisition of common stock increases Monios's direct beneficial ownership in UNIVEST FINANCIAL Corp to 2,904 shares.

Negatives

• 444 shares of common stock were disposed of at $32.72 per share to satisfy tax withholding obligations upon the vesting of restricted stock units.

Risks

• Vesting of Restricted Stock Units is contingent upon continued employment through the specified vesting dates.
• The actual number of shares awarded from Performance Restricted Stock Units is dependent on the company's performance over a three-year period, meaning the full reported amount may not be received.

Future Outlook

Future share awards from Restricted Stock Units and Performance Restricted Stock Units are contingent on continued employment and the company's performance over the next three years, with potential for up to 150% of reported performance units.

Industry Context

StockSavvy.ai notes that executive equity awards, such as Restricted Stock Units and Performance Restricted Stock Units, are a standard practice in the financial services industry. These awards are designed to align the interests of key management personnel with long-term shareholder value creation, particularly through performance-based incentives.

Stakeholder Impact

• Shareholders benefit from the alignment of executive compensation with long-term company performance, potentially leading to improved shareholder value.
• Employees (specifically Eleni S. Monios) are incentivized through equity awards tied to continued employment and company success.

Next Steps

• Continued employment required for vesting of Restricted Stock Units.
• Company performance will determine the final number of shares awarded from Performance Restricted Stock Units by March 15, 2029.

Key Dates

Recommendation

This Form 4 details routine executive compensation activities, including the vesting of previously granted restricted stock units and the grant of new equity awards. These transactions are standard for aligning executive interests with shareholder value and do not provide new fundamental information to warrant a change in investment recommendation.

Keywords

UNIVEST FINANCIAL Corp, UVSP, Form 4, Insider Transaction, Restricted Stock Units, Performance Shares, Executive Compensation, Eleni S. Monios, Equity Awards