Form 4: Alan B. Miller Receives UHT Restricted Stock Grant

Universal Health Realty Income Trust CEO Alan B. Miller was granted 6,247 restricted shares of beneficial interest.

Summary

• Alan B. Miller, President and CEO of Universal Health Realty Income Trust (UHT), received a grant of 6,247 restricted shares.
• The transaction occurred on June 10, 2026, at a price of $0 per share as part of an equity compensation plan.
• Following this transaction, Mr. Miller's direct beneficial ownership increased to 188,351 shares.
• Mr. Miller maintains an additional indirect holding of 42,000 shares through The Alan B. Miller Family Foundation.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a routine administrative filing regarding executive compensation, which is neutral in terms of immediate market impact.

Positives

• Alignment of executive interests with shareholders through equity-based compensation.
• Increased direct stake in the company by the CEO.

Negatives

• None identified in this filing.

Risks

• Vesting conditions associated with the restricted stock plan.
• General market risks associated with real estate investment trust (REIT) equity holdings.

Future Outlook

The granted shares are subject to a two-year vesting period, expiring on June 10, 2028.

Management Comments

• The grant was made pursuant to the Amended and Restated Universal Health Realty Income Trust 2007 Restricted Stock Plan.

Industry Context

StockSavvy.ai notes that equity grants to top executives are standard corporate governance practices in the REIT sector to ensure long-term alignment with shareholder value.

Comparison to Industry Standards

• The use of restricted stock units (RSUs) with multi-year vesting schedules is consistent with standard executive compensation packages among publicly traded REITs.
• The disclosure of indirect holdings via family foundations is a common practice for high-net-worth executives in the industry.

Related Party Transactions

• Disclosure of 42,000 shares held by The Alan B. Miller Family Foundation, for which the reporting person disclaims beneficial ownership.

Stakeholder Impact

• Minimal impact on shareholders as this is a standard equity compensation award.

Next Steps

• Vesting of the 6,247 restricted shares on the second anniversary of the grant date (June 10, 2028).

Key Dates

Keywords

UHT, Universal Health Realty Income Trust, Form 4, Insider Trading, Executive Compensation, REIT