Form 4: Univest Financial Corp Executive Michael Keim Reports Stock Transactions
SEC Form 4 Filing
Senior EVP & COO Michael Keim reports the acquisition and disposal of Univest Financial Corp shares, including option exercises and sales.
Summary
- Michael Keim, Senior EVP & COO of Univest Financial Corp, filed a Form 4 detailing changes in beneficial ownership.
- On August 26, 2024, Keim exercised stock options to acquire 295 shares at a price of $19.68 per share.
- Also on August 26, 2024, Keim sold 15 shares at $28.5 and 280 shares at a weighted average price of $28.5948.
- The reported sales were executed in multiple transactions with prices ranging from $28.515 to $28.61.
- Following these transactions, Keim beneficially owns 55,679.077 shares of Univest Financial Corp common stock.
- This total includes 7,154.509 shares acquired through the dividend reinvestment plan.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about an executive's trading activity.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- Shareholders may be interested in the trading activity of company executives as an indicator of management's confidence in the company's prospects.
Key Dates
| Date | Description |
|---|---|
| 01/31/2017 | Date from which stock options are exercisable at 33.3% per year for three years. |
| 08/26/2024 | Date of stock option exercise and stock sales. |
| 08/28/2024 | Date of signature on the Form 4 filing. |
| 01/31/2026 | Expiration date of the stock options. |
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