Form 4: Universal Health Services Director Sussman Exercises Options and Sells Shares

Elliot J. Sussman, a director at Universal Health Services, exercised options to purchase Class B Common Stock and sold a portion of the acquired shares on July 26, 2024.

Summary

• On July 26, 2024, Elliot J. Sussman, a director of Universal Health Services Inc. (UHS), engaged in multiple transactions involving Class B Common Stock.
• Sussman exercised options to acquire 2,500 shares at $67.69 and another 2,500 shares at $138.8.
• Following the exercise of these options, Sussman sold 2,541 shares at a weighted average price of $210.0023, with prices ranging from $209.87 to $210.02.
• Additionally, 2,459 shares were disposed of at $210.
• After these transactions, Sussman directly owns 5,048 shares of Class B Common Stock.
• Sussman also holds options to purchase 2,500 shares at $67.69 and 5,000 shares at $138.8.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the document simply reports transactions. It doesn't indicate positive or negative outlook.

Industry Context

Insider transactions are routinely monitored as they can provide insights into management's perspective on the company's valuation and future prospects. Option exercises and subsequent sales are common for directors as part of their compensation.

Comparison to Industry Standards

• Comparing Sussman's transactions to other directors in similar healthcare companies, the option exercise and sale are typical activities.
• For example, directors at HCA Healthcare and Tenet Healthcare also periodically exercise stock options and sell shares for personal financial management.
• The scale of the transaction is relatively small compared to the overall market capitalization of Universal Health Services, suggesting it is unlikely to be driven by significant concerns about the company's performance.

Key Dates