Univest Corporation of Pennsylvania CEO Jeffrey Schweitzer's 2019 pay rises 11% to $1.3M

Univest Corporation of Pennsylvania reports 2019 executive compensation

By ExecPay News

Published: March 13, 2020

Univest Corporation of Pennsylvania reported fiscal year 2019 executive compensation information on March 13, 2020.

In 2019, six executives at Univest Corporation of Pennsylvania received on average a compensation package of $642K, a 9% increase compared to previous year.

Average pay of disclosed executives at Univest Corporation of Pennsylvania

Jeffrey M. Schweitzer, Chief Executive Officer, received $1.3M in total, which increased by 11% compared to 2018. 48% of Schweitzer's compensation, or $635K, was in salary. Schweitzer also received $31K of change in pension value and nonqualified deferred compensation earnings, $315K in non-equity incentive plan, $318K in stock awards, as well as $26K in other compensation.

For fiscal year 2019, the median employee pay was $64,160 at Univest Corporation of Pennsylvania. Therefore, the ratio of Jeffrey M. Schweitzer's pay to the median employee pay was 21 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 $827K, which increased by 18% compared to previous year. 50% of the compensation package, or $415K, was in salary.

Duane J. Brobst, Senior Executive Vice President of the Corporation and the Bank, Chief Credit Officer of the Bank, earned $566K in 2019, a 29% increase compared to previous year.

Megan D. Santana, General Counsel, received $464K in 2019, which increases by 16% compared to 2018.

Brian J. Richardson, Chief Financial Officer, earned $384K in 2019, a 41% increase compared to previous year.

Roger S. Deacon, Chief Financial Officer, received $289K in 2019, which decreases by 46% compared to 2018.