Univest Corporation of Pennsylvania CEO Jeffrey Schweitzer's 2018 pay rises 5% to $1.2M

Univest Corporation of Pennsylvania reports 2018 executive compensation

By ExecPay News

Published: March 15, 2019

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

In 2018, six executives at Univest Corporation of Pennsylvania received on average a compensation package of $589K, a 8% increase compared to previous year.

Average pay of disclosed executives at Univest Corporation of Pennsylvania

Jeffrey M. Schweitzer, Chief Executive Officer, received $1.2M in total, which increased by 5% compared to 2017. 50% of Schweitzer's compensation, or $600K, was in salary. Schweitzer also received $11K of change in pension value and nonqualified deferred compensation earnings, $251K in non-equity incentive plan, $90K in option awards, $210K in stock awards, as well as $26K in other compensation.

Michael S. Keim, Senior Executive Vice President of the Corporation, President of the Bank; Director of the Bank, received a compensation package of $700K, which is about the same as previous year. 56% of the compensation package, or $390K, was in salary.

Roger S. Deacon, Chief Financial Officer, earned $536K 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 $437K in 2018, which decreases by 13% compared to 2017.

Megan D. Santana, General Counsel, earned $400K in 2018, a 14% increase compared to previous year.

Brian J. Richardson, Chief Financial Officer, received $272K in 2018, which increases by 32% compared to 2017.