Univest Financial (UVSP) COO Keim sold 1,200 shares for $34.2K at an average $28.52
Insider transactions reported
Michael S Keim (Senior EVP & COO at Univest Financial Corporation, UVSP) reported that they sold 1,200 shares for $34.2K at an average $28.52, and acquired 1,200 shares at $19.68 between Aug 30, 2024 and Sep 3, 2024. After these transactions the filing shows 55,679.08 shares held directly.
- Reporting person
- Keim Michael S
- Role
- Senior EVP & COO
| Date | Type | Security | Shares | Price | Value | Held after |
|---|---|---|---|---|---|---|
| Aug 30, 2024 | Exercise or conversion of a derivative (M) | Common1 | +400 | $19.68 | $7,872 | 56,079.077 direct |
| Aug 30, 2024 | Open-market sale (S) | Common1, 2 | -400 | $28.54 | $11.4K | 55,679.077 direct |
| Sep 3, 2024 | Exercise or conversion of a derivative (M) | Common1 | +800 | $19.68 | $15.7K | 56,479.077 direct |
| Sep 3, 2024 | Open-market sale (S) | Common1 | -800 | avg $28.51 | $22.8K | 55,679.077 direct |
Options and other derivatives
| Date | Type | Security | Shares | Price | Value | Held after |
|---|---|---|---|---|---|---|
| Aug 30, 2024 | Exercise or conversion of a derivative (M) | Stock Options (Right to Buy)On 400 Common3 | -400 | - | - | 6,735 direct |
| Sep 3, 2024 | Exercise or conversion of a derivative (M) | Stock Options (Right to Buy)On 800 Common3 | -800 | - | - | 5,935 direct |
Holdings before and after
- Stock Options (Right to Buy): 7,135 to 5,935 direct
Footnotes from the filing
- 1. INCLUDES 7,154.509 SHARES ACQUIRED THROUGH THE DIVIDEND REINVESTMENT PLAN.
- 2. THE PRICE REPORTED IN COLUMN 4 IS A WEIGHTED AVERAGE PRICE. THESE SHARES WERE SOLD IN MULTIPLE TRANSACTIONS AT PRICES RANGING FROM $28.505 TO $28.57, INCLUSIVE. THE REPORTING PERSON UNDERTAKES TO PROVIDE TO UNIVEST FINANCIAL CORPORATION, ANY SECURITY HOLDER OF UNIVEST FINANCIAL CORPORATION, OR THE STAFF OF THE SECURITIES AND EXCHANGE COMMISSION, UPON REQUEST, FULL INFORMATION REGARDING THE NUMBER OF SHARES SOLD AT EACH SEPARATE PRICE WITHIN THE RANGES SET FORTH IN THIS FOOTNOTE.
- 3. AT THE GRANT DATE, STOCK OPTIONS ARE EXERCISABLE AT 33.3% PER YEAR FOR THREE YEARS COMMENCING WITH THE EXERCISABLE DATE INDICATED.
Transaction codes in this filing
- Open-market sale:
- Code S marks a sale in the open market or a private deal. The insider received cash for these securities.
- Exercise or conversion of a derivative:
- Code M marks the exercise or conversion of an option or other derivative under an exempt plan.
FAQ
What did Keim report in this UVSP Form 4?
Michael S Keim (Senior EVP & COO at Univest Financial Corporation, UVSP) reported that they sold 1,200 shares for $34.2K at an average $28.52, and acquired 1,200 shares at $19.68 between Aug 30, 2024 and Sep 3, 2024. After these transactions the filing shows 55,679.08 shares held directly.
How many UVSP shares does Keim hold after this filing?
The filing shows 55,679.08 shares held directly after the reported transactions. Form 4 reports only the positions it lists, so this may not be every holding.
Was this UVSP insider sale made under a 10b5-1 plan?
The filing's footnotes do not mention a Rule 10b5-1 trading plan.
What does transaction code S mean on an SEC Form 4?
Code S marks a sale in the open market or a private deal. The insider received cash for these securities.
Historical context for UVSP
Earlier insider filings at UVSP
- Sep 4, 2024Chairman, President & CEO Schweitzer Jeffrey M exercised 1,747 units of Common at a strike of $19.68 and sold $49,813 worth of Common (1,747 units at $28.51) (SEC Form 4)
- Aug 28, 2024Senior EVP & COO Keim Michael S exercised 295 units of Common at a strike of $19.68 and sold $8,434 worth of Common (295 units at $28.59) (SEC Form 4)
- Aug 28, 2024Chairman, President & CEO Schweitzer Jeffrey M sold $79,204 worth of Common (2,773 units at $28.56) and exercised 2,773 units of Common at a strike of $19.68 (SEC Form 4)
- Jul 26, 2024Director Paquin Natalye bought $16,779 worth of Common (580 units at $28.93), increasing direct ownership by 3% to 22,651 units (SEC Form 4)
- May 16, 2024Keim Michael S exercised 2,000 units of Common at a strike of $18.52 and sold $45,513 worth of Common (2,000 units at $22.76) (SEC Form 4)
- Market cap
- 30-day
- Sector
- Finance
- Industry
- Major Banks
Follow UVSP and get a push notification the moment its next story breaks.