William S. Aichele has been a significant presence in the banking world for over fifty years. He was the CEO of Univest Financial Corporation from 1999 until his retirement in early 2014 but didn't just walk away; he serves as...

Number of Employees

979

Year

2014

Total Compensation

$450.00K

Salary

$450.00K

Board Justification

The compensation philosophy aims to attract and retain top talent while aligning executive compensation with the performance of the Corporation and its long-term goals.

Bonus

$0.00

Board Justification

The annual incentive compensation plan rewards executive officers for achieving annual financial objectives, with payouts based on individual performance and corporation performance metrics.

Other

$0.00

Board Justification

Other compensation includes standard benefits provided to all employees, such as health insurance and retirement contributions, but specific amounts are not detailed in the proxy statement.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock was vested in 2014 as the focus was on cash compensation and other benefits.

Performance Metrics

The performance metrics for 2014 included net income, return on average assets, and efficiency ratio, which were used to determine the annual incentive compensation.

SEC Filing

From March 19, 2015