Form 4: Alan B. Miller, Executive Chairman of Universal Health Services, Donates 5,000 Class B Shares to Kimmel Center

Alan B. Miller, Executive Chairman of Universal Health Services, reports a charitable donation of 5,000 Class B shares and continued beneficial ownership of UHS stock through various direct and indirect holdings.

Summary

• On August 15, 2024, Alan B. Miller, the Executive Chairman of Universal Health Services Inc., filed a Form 4.
• The filing reports a charitable donation of 5,000 Class B Common Stock shares to the Kimmel Center.
• Following the transaction, Miller directly owns 1,120,174 Class B Common Stock shares.
• Miller also has indirect ownership through various entities including AMK 2014 LLC, MDM 2014 LLC, MS 2014 LLC, The Alan and Jill Miller Foundation, and several family trusts and GRATs.
• He disclaims beneficial ownership of the securities held by The Alan and Jill Miller Foundation.

Sentiment

Score: 6

Explanation: The document is a standard regulatory filing detailing a charitable donation and insider holdings. It doesn't inherently convey strong positive or negative sentiment, but the charitable donation could be seen as mildly positive.

Positives

• The charitable donation may have positive public relations implications for both Alan B. Miller and Universal Health Services.

Management Comments

• Mr. Alan B. Miller disclaims beneficial ownership of these securities held by The Alan and Jill Miller Foundation, and this report shall not be deemed an admission that Mr. Alan B. Miller is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.

Industry Context

Form 4 filings are routine disclosures required by the SEC for insiders of publicly traded companies, providing transparency into their transactions and holdings.

Stakeholder Impact

• The charitable donation may have a positive impact on the Kimmel Center.
• Shareholders are informed about the insider's transactions and holdings.

Key Dates