Form 4: UnitedHealth Group Director Stephen J. Hemsley Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Stephen J. Hemsley, a director at UnitedHealth Group, reported changes in his beneficial ownership of company stock due to gift conveyances and annuity payments.
Summary
- On September 6, 2024, Stephen J. Hemsley, a director at UnitedHealth Group, reported a change in beneficial ownership.
- He conveyed 35,000 shares of common stock as a gift.
- On September 10, 2024, he conveyed 9,000 shares of common stock as a gift.
- He directly owns 809,356.942 shares of common stock.
- He indirectly owns shares through various Grantor Retained Annuity Trusts (GRATs) and a 401(k).
- 42,500 shares were transferred from Grantor Retained Annuity Trust #13 to satisfy an annuity payment on July 17, 2024.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting changes in beneficial ownership, which is neutral in sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- The transactions may be of interest to shareholders as they provide insight into the director's holdings and transactions in the company's stock.
Key Dates
| Date | Description |
|---|---|
| 07/17/2024 | 42,500 UNH shares held in Grantor Retained Annuity Trust #13 were distributed to the reporting person to satisfy an annuity payment. |
| 09/06/2024 | Transaction date: 35,000 shares of common stock conveyed as a gift. |
| 09/10/2024 | Transaction date: 9,000 shares of common stock conveyed as a gift. |
| 09/10/2024 | Date of signature for the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.