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...

Current Market Cap

$898.93M

Number of Employees

979

Total Compensation

2017 - 2022

Trending up by 6.09% last year
Showing total compensation for the last 2017 - 2022

Stock

Up by 0.00% last year

Salary

Up by 21.20% last year

Bonus

Down by -23.98% last year

Other

Up by 0.54% last year

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.

SEC Filing

From March 17, 2023