Form 4: Director Marc D. Miller Receives UHT Restricted Stock Grant
Director Equity Grant Disclosure
Director Marc D. Miller was granted 819 restricted shares of Universal Health Realty Income Trust as part of the company's 2007 Restricted Stock Plan.
Summary
- Director Marc D. Miller acquired 819 restricted shares of beneficial interest in Universal Health Realty Income Trust (UHT).
- The shares were granted at a price of $0 per share.
- Following this transaction, the director's total beneficial ownership increased to 8,023 shares.
- The grant is subject to a vesting period of two years from the grant date.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a routine regulatory disclosure regarding director compensation, which is neutral in terms of immediate market impact.
Positives
- Alignment of director interests with shareholders through equity-based compensation.
- Increase in total beneficial ownership by a member of the board.
Negatives
- None identified.
Risks
- Vesting conditions are subject to the terms of the Amended and Restated Universal Health Realty Income Trust 2007 Restricted Stock Plan.
Future Outlook
The shares are scheduled to vest on the second anniversary of the grant date, June 10, 2028.
Industry Context
StockSavvy.ai notes that equity grants to directors are standard corporate governance practices designed to incentivize long-term performance and align board interests with those of common shareholders.
Comparison to Industry Standards
- The use of restricted stock plans for director compensation is consistent with standard practices among Real Estate Investment Trusts (REITs).
- The two-year vesting schedule is a common retention and alignment mechanism in the healthcare REIT sector.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Equity Compensation | Grant of restricted shares under the 2007 Restricted Stock Plan. | 06/10/2026 | Increases director equity stake, aligning interests with shareholders. |
Stakeholder Impact
- Shareholders benefit from increased alignment between board members and company performance.
Next Steps
- Vesting of the 819 restricted shares on June 10, 2028.
Key Dates
| Date | Description |
|---|---|
| 06/10/2026 | Date of the restricted stock grant transaction. |
| 06/11/2026 | Date of filing the Form 4. |
Keywords
UHT, Universal Health Realty Income Trust, Form 4, Insider Trading, Director Compensation, Restricted Stock
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