Univest Corporation of Pennsylvania CEO Jeffrey Schweitzer's 2020 pay jumps 29% to $1.7M

Univest Corporation of Pennsylvania reports 2020 executive compensation

By ExecPay News

Published: March 19, 2021

Univest Corporation of Pennsylvania reported fiscal year 2020 executive compensation information on March 19, 2021.

In 2020, five executives at Univest Corporation of Pennsylvania received on average a compensation package of $931K, a 45% increase compared to previous year.

Average pay of disclosed executives at Univest Corporation of Pennsylvania

Jeffrey M. Schweitzer, Chief Executive Officer, received $1.7M in total, which increased by 29% compared to 2019. 39% of Schweitzer's compensation, or $665K, was in salary. Schweitzer also received $27K of change in pension value and nonqualified deferred compensation earnings, $330K in non-equity incentive plan, $664K in stock awards, as well as $26K in other compensation.

For fiscal year 2020, the median employee pay was $61,993 at Univest Corporation of Pennsylvania. Therefore, the ratio of Jeffrey M. Schweitzer's pay to the median employee pay was 28 to one.

Michael S. Keim, Senior Executive Vice President of the Corporation, President of the Bank; Director of the Bank, received a compensation package of $1M, which increased by 27% compared to previous year. 42% of the compensation package, or $445K, was in salary.

Brian J. Richardson, Chief Financial Officer, earned $642K in 2020, a 68% 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 $641K in 2020, which increases by 13% compared to 2019.

Megan D. Santana, General Counsel, earned $608K in 2020, a 31% increase compared to previous year.