Form 4: Univest Financial Corp Executive Michael Keim Reports Stock Transactions
SEC Form 4
Senior EVP & COO Michael Keim of Univest Financial Corp reports exercising stock options and selling shares on May 15 and 16, 2024.
Summary
- Michael Keim, Senior EVP & COO of Univest Financial Corp, reported transactions involving the company's common stock.
- On May 15, 2024, Keim exercised options to acquire 859 shares at $18.52 per share and sold the same amount at a weighted average price of $22.765, with prices ranging from $22.75 to $22.8101.
- On May 16, 2024, Keim exercised options to acquire 1,141 shares at $18.52 per share and sold the same amount at a weighted average price of $22.75.
- Following these transactions, Keim beneficially owns 55,679.077 shares of Univest Financial Corp.
- The reported transactions were filed pursuant to Section 16(a) of the Securities Exchange Act of 1934.
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
This Form 4 filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company executives.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership by a company executive.
- The transactions do not appear to have a direct impact on employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 01/31/2017 | Date stock options were granted, exercisable at 33.3% per year for three years commencing with the exercisable date. |
| 05/15/2024 | Date of first reported transaction: exercising options for 859 shares and selling 859 shares. |
| 05/16/2024 | Date of second reported transaction: exercising options for 1,141 shares and selling 1,141 shares. |
| 05/16/2024 | Date of filing the Form 4. |
| 01/31/2025 | Expiration date of the stock options. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.