Form 4: Universal Health Services CEO Marc Miller Reports Stock Option Exercises and Disposals
SEC Form 4
Marc Miller, President and CEO of Universal Health Services, reports exercising stock options and disposing of shares on March 13, 2024.
Summary
- On March 13, 2024, Marc D. Miller, President and CEO of Universal Health Services Inc., executed transactions involving Class B Common Stock.
- Miller exercised options to purchase 30,000 shares at $74.46 and 25,000 shares at $67.69.
- He also disposed of 20,014 shares at $176.78 and 16,128 shares at $176.78.
- Following these transactions, Miller directly owns 182,518 shares of Class B Common Stock.
- Miller also indirectly owns shares through various trusts and LLCs.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company executives.
Stakeholder Impact
- The transactions may have a minor impact on shareholders, as insider trading activity is often scrutinized by investors.
- The filing provides transparency to stakeholders regarding executive compensation and stock ownership.
Key Dates
| Date | Description |
|---|---|
| 03/18/2021 | Option vests ratably |
| 03/18/2022 | Option vests ratably |
| 03/18/2023 | Option vests ratably |
| 03/13/2024 | Date of earliest transaction, stock option exercise and disposal |
| 03/18/2024 | Option vests ratably |
| 03/17/2025 | Expiration date of options |
| 03/17/2025 | Expiration date of options |
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