Univest Corporation of Pennsylvania CEO Jeffrey Schweitzer's 2021 pay slips 4% to $1.6M

Univest Corporation of Pennsylvania reports 2021 executive compensation

By ExecPay News

Published: March 18, 2022

Univest Corporation of Pennsylvania reported fiscal year 2021 executive compensation information on March 18, 2022.

In 2021, five executives at Univest Corporation of Pennsylvania received on average a compensation package of $883K, a 5% decrease compared to previous year.

Average pay of disclosed executives at Univest Corporation of Pennsylvania

Jeffrey M. Schweitzer, Chief Executive Officer, received $1.6M in total, which decreased by 4% compared to 2020. 42% of Schweitzer's compensation, or $700K, was in salary. Schweitzer also received $19K of change in pension value and nonqualified deferred compensation earnings, $483K in non-equity incentive plan, $420K in stock awards, as well as $26K in other compensation.

For fiscal year 2021, the median employee pay was $73,783 at Univest Corporation of Pennsylvania. Therefore, the ratio of Jeffrey M. Schweitzer's pay to the median employee pay was 22 to one.

Michael S. Keim, Chief Operating Officer, received a compensation package of $981K, which decreased by 6% compared to previous year. 48% of the compensation package, or $470K, was in salary.

Brian J. Richardson, Chief Financial Officer, earned $660K in 2021, a 3% increase compared to previous year.

Megan D. Santana, General Counsel, received $607K in 2021, which is about the same as previous year.

Duane J. Brobst, Senior Executive Vice President of the Corporation and the Bank, Chief Credit Officer of the Bank, earned $516K in 2021, a 20% decrease compared to previous year.