Form 4: UHS CEO Marc Miller Sells Shares for Tax Obligations

Universal Health Services CEO Marc D. Miller reported the sale of Class B Common Stock to cover tax liabilities related to equity compensation.

Summary

• Marc D. Miller, President and CEO of Universal Health Services Inc. (UHS), reported two dispositions of Class B Common Stock.
• On March 19, 2026, 2,762 shares were disposed of at a price of $189.58 per share.
• On March 21, 2026, an additional 2,239 shares were disposed of at a price of $185.82 per share.
• These transactions were coded 'F', indicating a disposition to pay tax liability incident to the receipt, exercise, or vesting of a security.
• Following these transactions, Marc D. Miller directly beneficially owns 358,906 shares of Class B Common Stock.
• Marc D. Miller also indirectly beneficially owns shares through several trusts, including 49,294 shares via The Abby Danielle Miller 2002 Trust, 55,763 shares via The Abby Miller King 2011 Family Trust, 36,988 shares via The Marc Daniel Miller 2002 Trust, 59,900 shares via The Marc Daniel Miller 2011 Family Trust, 69,726 shares via The Marni Spencer 2002 Trust, and 55,763 shares via The Marni Spencer 2011 Family Trust.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, as the disposition of shares is a standard practice for executives to cover tax obligations arising from equity compensation, rather than a discretionary sale indicating a change in sentiment.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that routine insider sales for tax purposes are common for executives receiving equity compensation and typically do not signal a change in company fundamentals or management's long-term view.

Related Party Transactions

• Marc D. Miller indirectly holds shares through several family trusts: The Abby Danielle Miller 2002 Trust (49,294 shares), The Abby Miller King 2011 Family Trust (55,763 shares), The Marc Daniel Miller 2002 Trust (36,988 shares), The Marc Daniel Miller 2011 Family Trust (59,900 shares), The Marni Spencer 2002 Trust (69,726 shares), and The Marni Spencer 2011 Family Trust (55,763 shares).

Key Dates

Recommendation

The reported transactions are routine dispositions of shares by the CEO to satisfy tax obligations related to equity compensation. Such sales are common and do not typically reflect a change in the company's fundamental outlook or the executive's confidence in the company. Therefore, the filing itself does not provide a basis for a change in investment recommendation, suggesting a "hold" position remains appropriate based solely on this information.

Keywords

Universal Health Services, UHS, Marc D. Miller, Insider Transaction, Form 4, Stock Sale, Tax Liability, CEO, Director, Class B Common Stock