Form 4: Univest Financial Corp Executive Exercises Options and Sells Shares
SEC Form 4 Filing
Michael S. Keim, Senior EVP & COO of Univest Financial Corp, exercised stock options and sold a portion of the acquired shares on September 4, 2024.
Summary
- On September 4, 2024, Michael S. Keim, Senior EVP & COO of Univest Financial Corp, exercised stock options to acquire 400 shares of common stock at a price of $19.68 per share.
- Simultaneously, Keim sold 400 shares of common stock at a price of $28.50 per share.
- Following these transactions, Keim directly owns 55,679.077 shares of Univest Financial Corp common stock, which includes shares acquired through the dividend reinvestment plan.
- Keim also holds options to purchase 5,535 shares of common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- The transactions may have a minor impact on shareholders by slightly increasing the number of outstanding shares and potentially affecting the stock price.
Key Dates
| Date | Description |
|---|---|
| 01/31/2017 | Grant date of stock options, exercisable at 33.3% per year for three years commencing with this date. |
| 01/31/2026 | Expiration date of stock options. |
| 09/04/2024 | Date of transaction: exercise of stock options and sale of shares. |
| 09/06/2024 | Date of signature on the Form 4 filing. |
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