Natalye Paquin
About Natalye Paquin
Independent director of Univest Financial Corporation (UVSP) since 2017; age 64. Currently Chief Operating Officer of The Rockefeller Foundation (since 2022), with prior CEO roles at Points of Light (2017–2022) and Girl Scouts of Eastern Pennsylvania (2010–2015), and an earlier 15+ year legal career; previously an independent director of National Penn Bancshares (2006–2016). She also serves on the board of Bloomerang; her biography highlights leadership in ESG and corporate social responsibility domains. Independence: the Board determined all directors except the CEO are independent under NASDAQ and SEC standards, with permitted on-market banking relationships not affecting independence status .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Points of Light | President & CEO | 2017–2022 | Global volunteerism and social impact leadership |
| Girl Scouts of Eastern Pennsylvania | Chief Executive Officer | 2010–2015 | Regional nonprofit leadership |
| National Penn Bancshares, Inc. | Independent Director | 2006–2016 | Banking board experience |
| Private and Education Sectors | Lawyer | >15 years | Legal and governance expertise |
External Roles
| Organization | Role | Start | Notes |
|---|---|---|---|
| The Rockefeller Foundation | Chief Operating Officer | 2022 | Oversees Employee Services, HR, IT, Innovation, Finance, Legal; global workforce across U.S., Italy, Asia, Africa |
| Bloomerang | Director | Not disclosed | Board service for nonprofit donor management software firm |
Board Governance
- Committee assignments: Member, Enterprise-Wide Risk Management (EWRM); Chair, Community Reinvestment Act (CRA) Committee (bank subsidiary) .
- Independence: Board deems all directors independent except the CEO; permissible lending/deposit relationships at market terms do not impair independence .
- Attendance and engagement: Board met eight times in 2024; all directors attended at least 75% of board and committee meetings; all directors attended the 2024 annual meeting .
- Board leadership: Combined Chair/CEO (Jeffrey Schweitzer) with a Lead Independent Director (Joseph Beebe) providing independent oversight; independent directors meet in executive session after each board meeting .
- EWRM activity: EWRM Committee met four times in 2024; focuses on comprehensive risk domains (credit, liquidity, cyber, compliance, etc.) .
Fixed Compensation
| Component | Amount/Terms | Source |
|---|---|---|
| Fees Earned or Paid in Cash (2024) | $54,850 | |
| RSUs (grant-date fair value, 2024) | $37,510 | |
| Total (2024) | $92,360 | |
| Standard Director Retainer (cash) | $40,000 annual | |
| Standard Annual RSUs | ~$37,500 equivalent; granted Jan 31, 2024 at $21.24 | |
| Committee Chair Retainer (CRA) | $4,500 | |
| Committee Membership Retainer (EWRM) | $6,000 |
Notes:
- Each director (except certain noted exceptions) had 3,056 RSUs outstanding/unvested as of 12/31/2024; Paquin is included in this standard grant cohort .
- Director stock ownership requirement: 10,000 shares within five years; directors with ≥5 years’ service are in compliance (Paquin is a director since 2017) .
Performance Compensation
- Directors receive service-based RSUs; no performance-based equity for non-employee directors disclosed. RSUs vest based on service; dividends accrue and are paid in cash only when units vest; unvested awards have no dividend or voting rights .
| Metric Type | Applies to Directors? | Details |
|---|---|---|
| Performance-based equity (TSR, ROAA, PTPP-NCO) | No | Director awards are service-based RSUs; performance metrics apply to executives, not directors |
Other Directorships & Interlocks
| Company/Entity | Public/Private | Role | Overlap/Interlock Risk |
|---|---|---|---|
| National Penn Bancshares, Inc. | Public (prior) | Independent Director (2006–2016) | Historic role; no current interlock |
| Bloomerang | Private | Director | No disclosed Univest relationship |
| The Rockefeller Foundation | Nonprofit | COO | No disclosed Univest relationship |
Expertise & Qualifications
- Executive leadership in global philanthropy (Rockefeller Foundation COO) and large nonprofits (Points of Light CEO), with extensive ESG and CSR oversight .
- Prior banking board experience (National Penn) and 15+ years legal background, supporting governance, compliance, and risk perspectives .
- Specific ESG experience cited among majority of directors; Paquin’s work spans local, national, and international economies .
Equity Ownership
| Metric | Amount | As of | Notes |
|---|---|---|---|
| Total beneficial ownership (shares) | 25,244 | Feb 7, 2025 | Includes shares with voting/investment power; no securities pledged; may include options/RSUs vesting within 60 days |
| Ownership % of outstanding shares | <1% | Feb 7, 2025 | UVSP had 29,001,673 shares outstanding; table indicates less than 1% ownership |
| Unvested director RSUs outstanding | 3,056 | Dec 31, 2024 | Standard director grant cohort (Paquin included) |
| Pledging/Hedging | Prohibited by policy | 2024 policy | Insider Trading Policy bans hedging and pledging; margin accounts prohibited |
| Director ownership guideline | 10,000 shares within five years | Policy | Directors with ≥5 years tenure are in compliance (Paquin since 2017) |
Governance Assessment
- Strengths: Independent director with material leadership in ESG and nonprofit governance; chairs CRA committee (bank subsidiary), indicating engagement in community reinvestment oversight; member of EWRM, providing risk management insight; meets director ownership guidelines; no pledging; board structure includes Lead Independent Director and regular executive sessions .
- Compensation alignment: Director pay uses a standard cash retainer and service-based RSUs, avoiding performance linkage (reduces undue risk; dividends only upon vesting), consistent with peer practices disclosed by Compensation Committee; independent consultant (McLagan) engaged for compensation benchmarking .
- Attendance/engagement: Board held eight meetings; all directors achieved ≥75% attendance and attended the 2024 annual meeting, supporting engagement .
- Conflicts/related-party: Routine banking relationships permitted at market terms; loans to directors and affiliates represent only 0.01% of shareholders’ equity; no unfavorable features; no related-party red flags identified for Paquin .
- RED FLAGS: None disclosed regarding hedging/pledging, low attendance, related-party transactions, or say-on-pay issues (2024 say-on-pay support at 97%) .