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

Marc D. Miller, President and CEO of Universal Health Services, reports the distribution of Class B shares to family trusts from Grantor Retained Annuity Trusts (GRATs).

Summary

• This Form 4 filing details changes in beneficial ownership of Universal Health Services (UHS) stock by Marc D. Miller, the company's President and CEO.
• On May 14, 2025, Mr. Miller transferred shares of Class B Common Stock to several family trusts: The Marc Daniel Miller 2002 Trust (7,560 shares), The Marni Spencer 2002 Trust (5,667 shares), and The Abby Danielle Miller 2002 Trust (5,667 shares).
• These transfers were made from corresponding 2023 Grantor Retained Annuity Trusts (GRATs) according to the terms of their trust agreements.
• Mr. Miller disclaims any pecuniary interest in certain securities listed, clarifying that the report should not be considered an admission of beneficial ownership for Section 16 purposes.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transfers. It doesn't inherently convey positive or negative sentiment.

Management Comments

• Mr. 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. The use of GRATs is a common estate planning technique.

Stakeholder Impact

• The stock transfers themselves have minimal direct impact on stakeholders.
• The filing provides transparency to shareholders regarding insider transactions.

Key Dates

Keywords

Form 4, Beneficial Ownership, Universal Health Services, UHS, Marc D. Miller, Family Trusts, Grantor Retained Annuity Trusts, GRATs, Class B Common Stock, Stock Transfer