Form 4: UHS Executive Chairman Exercises Options, Adjusts Holdings
Insider Transaction Report
Universal Health Services Executive Chairman Alan B. Miller exercised options to acquire Class B Common Stock and subsequently disposed of shares, adjusting his beneficial ownership.
Summary
- Alan B. Miller, Executive Chairman, Director, and 10% Owner of Universal Health Services Inc. (UHS), reported transactions on October 29, 2025.
- Exercised options to acquire 70,213 shares of Class B Common Stock at an exercise price of $152.68 per share.
- Exercised options to acquire an additional 62,500 shares of Class B Common Stock at an exercise price of $138.8 per share.
- Disposed of 105,519 shares of Class B Common Stock at a price of $227.04 per share, likely for tax withholding purposes related to the option exercise.
- Following these transactions, Alan B. Miller directly beneficially owns 1,746,031 shares of Class B Common Stock.
- Indirect beneficial ownership includes shares held by various family trusts and a foundation, totaling 201,075 shares, with beneficial ownership of the foundation's shares disclaimed by Mr. Miller.
- The options exercised vested ratably on March 17, 2022, March 17, 2023, March 17, 2024, and March 17, 2025, and are set to expire on March 16, 2026.
Sentiment
Score: 6
Explanation: The sentiment is slightly positive to neutral. The exercise of a significant number of stock options by the Executive Chairman indicates a conversion of potential value into actual share ownership, which can be seen as a positive sign of insider commitment. The subsequent disposition of shares is a common practice for tax withholding related to option exercises and does not necessarily reflect a negative outlook.
Positives
- Executive Chairman Alan B. Miller exercised a significant number of stock options (132,713 shares in total), converting potential ownership into direct Class B Common Stock holdings, which can be viewed as a positive signal of insider commitment.
Negatives
- Disposed of 105,519 shares of Class B Common Stock, which, while likely for tax purposes related to the option exercise, reduces direct beneficial ownership.
Future Outlook
NA
Industry Context
NA
Key Dates
| Date | Description |
|---|---|
| 03/17/2022 | First vesting date for options |
| 03/17/2023 | Second vesting date for options |
| 03/17/2024 | Third vesting date for options |
| 03/17/2025 | Fourth vesting date for options |
| 10/29/2025 | Transaction date for option exercises and share disposition |
| 10/30/2025 | Signature date of the filing |
| 03/16/2026 | Expiration date for options |
Keywords
Universal Health Services, UHS, Alan B. Miller, insider transaction, Form 4, stock options, beneficial ownership, Class B Common Stock, executive chairman
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