Form 4: Universal Health Services CEO Marc Miller Reports Stock Transfers to Family Trusts

Marc Miller, CEO of Universal Health Services, reported the transfer of Class B shares to family trusts on May 22, 2024, according to a Form 4 filing with the SEC.

Summary

• On May 24, 2024, Marc D. Miller, President and CEO of Universal Health Services Inc. [UHS], filed a Form 4 with the SEC.
• The filing reports transactions that occurred on May 22, 2024, involving Class B Common Stock.
• Specifically, shares were distributed from Grantor Retained Annuity Trusts (GRATs) to family trusts.
• 5,421 shares were distributed to The Marc Daniel Miller 2002 Trust.
• 4,064 shares were distributed to The Marni Spencer 2002 Trust.
• 4,064 shares were distributed to The Abby Danielle Miller 2002 Trust.
• Miller disclaims any pecuniary interest in the indirectly held securities and states that the report should not be deemed an admission of beneficial ownership for Section 16 purposes.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, so the sentiment is neutral.

Management Comments

• Mr. Marc D. Miller disclaims any pecuniary interest in these securities, and this report shall not be deemed an admission that he is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.

Stakeholder Impact

• The stock transfers to family trusts may have a minor impact on shareholders due to the change in ownership structure, but the CEO disclaims beneficial ownership.

Key Dates