Form 4: Univest Financial Corp Executive Exercises Stock Options and Sells Shares
SEC Form 4 Filing
Jeffrey M. Schweitzer, Chairman, President & CEO of Univest Financial Corp, executed stock options and sold shares on August 30, 2024, and September 3, 2024.
Summary
- Jeffrey M. Schweitzer, Chairman, President & CEO of Univest Financial Corp, reported transactions involving the company's common stock.
- On August 30, 2024, Schweitzer exercised stock options to acquire 547 shares at $19.68 per share and sold the same amount at a weighted average price of $28.5318.
- On September 3, 2024, Schweitzer exercised stock options to acquire 1,200 shares at $19.68 per share and sold 1,100 shares at $28.50 and 100 shares at $28.56.
- Following these transactions, Schweitzer beneficially owns 90,187.1043 shares of Univest Financial Corp.
- These transactions were reported on a Form 4 filing with the Securities and Exchange Commission.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it simply reports transactions. There is no indication of positive or negative outlook.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, which are common in publicly traded companies. Investors often monitor these filings to gain insights into management's perspective on the company's stock.
Key Dates
| Date | Description |
|---|---|
| 01/31/2017 | Grant date of stock options exercisable at 33.3% per year for three years commencing with the exercisable date indicated. |
| 08/30/2024 | Date of transaction: Exercise of stock options and sale of 547 shares. |
| 09/03/2024 | Date of transaction: Exercise of stock options and sale of 1,200 shares. |
| 09/04/2024 | Date of signature on the Form 4 filing. |
| 01/31/2026 | Expiration date of stock options. |
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