Form 4: UHS Executive Chairman Miller Reports Share Dispositions

Alan B. Miller, Executive Chairman of Universal Health Services, reported the disposition of Class B Common Stock shares for tax withholding purposes.

Summary

• Alan B. Miller, Executive Chairman, Director, and 10% Owner of Universal Health Services Inc. (UHS), reported dispositions of Class B Common Stock.
• On March 19, 2026, 1,399 shares were disposed of at a price of $189.58 per share.
• On March 21, 2026, an additional 1,177 shares were disposed of at a price of $185.82 per share.
• These transactions were coded 'F', indicating a payment of tax liability by withholding securities.
• Following these reported transactions, Mr. Miller directly beneficially owns 1,782,013 Class B Common Stock shares.
• Mr. Miller also holds significant indirect beneficial ownership through various family trusts and foundations, including The Abby Miller King 2011 Family Trust (55,763 shares), The Alan and Jill Miller Foundation (8,623 shares), The Marc Daniel Miller 2011 Family Trust (59,900 shares), The Marni Spencer 2011 Family Trust (55,763 shares), and several GRATs.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, representing a routine tax-related disposition of shares by an insider rather than a discretionary sale or purchase.

Negatives

• Disposition of 2,576 Class B Common Stock shares by a key insider, although for tax withholding purposes.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that routine tax-related dispositions by insiders are common and typically do not reflect a change in management's confidence in the company's long-term prospects, especially in the healthcare services sector.

Related Party Transactions

• Indirect beneficial ownership through The Abby Miller King 2011 Family Trust (55,763 shares).
• Indirect beneficial ownership through The Alan and Jill Miller Foundation (8,623 shares).
• Indirect beneficial ownership through The Marc Daniel Miller 2011 Family Trust (59,900 shares).
• Indirect beneficial ownership through The Marni Spencer 2011 Family Trust (55,763 shares).
• Indirect beneficial ownership through Abby Miller King 2024 GRAT (9,418 shares).
• Indirect beneficial ownership through Abby Miller King 2025 GRAT (24,295 shares).
• Indirect beneficial ownership through Marc Daniel Miller 2024 GRAT (13,963 shares).
• Indirect beneficial ownership through Marc Daniel Miller 2025 GRAT (24,295 shares).
• Indirect beneficial ownership through Marni Spencer 2024 GRAT (9,418 shares).
• Indirect beneficial ownership through Marni Spencer 2025 GRAT (24,295 shares).

Stakeholder Impact

• Shareholders: Minimal impact, as these are routine tax-related dispositions and not indicative of a change in company fundamentals or management's view.

Key Dates

Keywords

Universal Health Services, UHS, Alan B. Miller, Form 4, insider transaction, beneficial ownership, Class B Common Stock, executive chairman, director, 10% owner