Sundar PichaiSundar Pichai earned $164M in 2023
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Jeffrey M. Schweitzer

CEO of Univest Financial Corporation

Field of Expertise

Finance & Banking - Banking

Economy Sector

Financial Services

Current Tenure

11 years 1 month (Jan 2014 - Present)

Previous Experience

Unknown

Jeffrey M. Schweitzer is the CEO of Univest Financial Corporation, a banking and financial services company. He has been with the company since 2014, stepping up from various roles including Chief Operating Officer and President. Schweitzer has a strong background...

Year

2022

Total Compensation

$1.08M

Salary

$806.00K

Board Justification

The compensation philosophy aims to attract and retain talented employees by aligning their interests with those of shareholders, offering competitive compensation packages based on market standards and individual performance.

Bonus

$250.57K

Board Justification

The annual incentive program for 2022 was based on achieving annual financial objectives, with a payout at 131.6% of target due to performance exceeding expectations.

Other

$26.25K

Board Justification

Includes Deferred Salary Savings Plan (401(k)) company matching contributions, life insurance premiums, long-term disability insurance, expense allowances, and personal tax preparation services.

Restricted Stock

$0.00(0 Restricted Stock Units (RSUs))

Board Justification

No stock was vested in 2022 as the performance-based restricted stock units are set to vest in future years based on performance criteria.

Performance Metrics

The performance metrics for 2022 included pre-tax pre-provision income, return on average equity, efficiency ratio, and net charge-offs relative to peer banks.