Univest Corporation of Pennsylvania reports 2018 executive compensation

CEO Jeffrey M. Schweitzer receives $1.2M

Univest Corporation of Pennsylvania reported fiscal year 2018 executive compensation information on March 15, 2019.

In 2018, five executives at Univest Corporation of Pennsylvania received on average a compensation package of $652,221, a 8% increase compared to previous year.

Average pay of disclosed executives at Univest Corporation of Pennsylvania

Jeffrey M. Schweitzer, Chief Executive Officer, received $1,188,401 in total, which increased by 5% compared to 2017. 50.49% of Schweitzer's compensation, or $600,000, was in salary. Schweitzer also received $11,438 of change in pension value and nonqualified deferred compensation earnings, $251,166 in non-equity incentive plan, $90,002 in option awards, $209,988 in stock awards, as well as $25,807 in other compensation.

Michael S. Keim, Chief Technology Officer, received a compensation package of $700,398, which is about the same as previous year. 55.68% of the compensation package, or $390,000, was in salary.

Roger S. Deacon, Chief Financial Officer, earned $535,676 in 2018, a 2% increase compared to previous year.

Duane J. Brobst, Senior Executive Vice President of the Corporation and the Bank, Chief Credit Officer of the Bank, received $436,837 in 2018, which decreases by 13% compared to 2017.

Megan D. Santana, General Counsel, earned $399,794 in 2018, a 14% increase compared to previous year.