Form 4: Universal Health Realty Income Trust Director Receives Equity Grant

Gayle L. Capozzalo, a Director at Universal Health Realty Income Trust (UHT), was granted 821 restricted shares of beneficial interest as part of the company's 2007 Restricted Stock Plan.

Summary

• Gayle L. Capozzalo, a Director of Universal Health Realty Income Trust (UHT), was granted 821 shares of beneficial interest.
• The transaction occurred on June 11, 2025, and was reported on June 12, 2025.
• These shares were granted at a price of $0, indicating they are part of a compensation or incentive plan.
• The grant was made pursuant to the Amended and Restated Universal Health Realty Income Trust 2007 Restricted Stock Plan.
• The restricted shares are scheduled to vest on the second anniversary of the grant date, which is June 11, 2027.
• Following this transaction, Ms. Capozzalo directly beneficially owns 4,350 shares of beneficial interest in UHT.

Sentiment

Score: 7

Explanation: The grant of restricted stock to a director is a positive development as it aligns management's interests with shareholders and is a standard, expected form of compensation, indicating stability in governance.

Positives

• The grant of restricted shares aligns the director's interests with those of the shareholders, encouraging long-term value creation.
• It represents a standard component of director compensation, reflecting ongoing commitment and incentivization.

Future Outlook

The granted restricted shares are scheduled to vest on June 11, 2027, contingent on the director's continued service and adherence to the terms of the 2007 Restricted Stock Plan.

Industry Context

The granting of restricted stock to directors is a common practice across publicly traded companies, including Real Estate Investment Trusts (REITs) like Universal Health Realty Income Trust. This method of compensation is widely used to align the interests of board members with the long-term performance and shareholder value of the company.

Comparison to Industry Standards

• The practice of granting restricted stock to directors is a standard compensation mechanism in the corporate governance landscape, consistent with practices observed in other publicly traded REITs and companies across various sectors.
• Such grants are typically part of a broader equity incentive plan, similar to those adopted by peers, aiming to foster long-term commitment and performance alignment.

Related Party Transactions

• The transaction involves the company granting shares to a director, which constitutes a related party transaction as it is between the issuer and an insider.

Stakeholder Impact

• Shareholders: Potentially positive, as the grant aligns the director's financial interests with the company's long-term performance.
• Director (Gayle L. Capozzalo): Positive, as it represents a form of compensation and equity ownership in the company.

Next Steps

• The restricted shares will vest on June 11, 2027, subject to the terms of the 2007 Restricted Stock Plan.

Key Dates

Keywords

Universal Health Realty Income Trust, UHT, Restricted Stock, Equity Grant, Director Compensation, Beneficial Ownership, SEC Form 4, Insider Transaction, Stock Plan