Form 4: UnitedHealth Group Director Stephen Hemsley Reports Gift of Shares and Annuity Payment
SEC Form 4 Filing
Director Stephen Hemsley reported a gift of UnitedHealth Group shares and the satisfaction of an annuity payment through share distribution.
Summary
- On June 6, 2024, Stephen J. Hemsley, a director at UnitedHealth Group, reported a transaction involving common stock.
- Hemsley gifted 7,850 shares of common stock.
- He directly owns 692,577.942 shares of common stock.
- He indirectly owns shares through various Grantor Retained Annuity Trusts (GRATs) and a 401(k).
- 64,300 shares were transferred from Grantor Retained Annuity Trust #12 to satisfy an annuity payment on April 23, 2024.
- These 64,300 shares are now reported as directly owned.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, so the sentiment is neutral.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates changes in Stephen Hemsley's beneficial ownership of UnitedHealth Group stock.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| 04/23/2024 | 64,300 UNH shares held in Grantor Retained Annuity Trust #12 were distributed to the reporting person to satisfy an annuity payment |
| 06/06/2024 | Date of transaction: gift of 7,850 shares of common stock |
| 06/10/2024 | Date of signature on the Form 4 filing |
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