Form 4: Universal Health Services Executive Chairman Alan B. Miller Reports Stock Transactions
SEC Form 4
Alan B. Miller, Executive Chairman of Universal Health Services, reports exercising options and disposing of shares to cover tax obligations.
Summary
- Alan B. Miller, the Executive Chairman of Universal Health Services Inc. (UHS), filed a Form 4 detailing changes in his beneficial ownership of the company's Class B Common Stock.
- On September 12, 2024, Miller exercised options to purchase 116,466 shares at $74.46 and 98,333 shares at $67.69.
- He also disposed of 129,371 shares at $231.36 to cover tax obligations.
- Following these transactions, Miller directly owns 1,205,602 shares of Class B Common Stock.
- He also has indirect ownership through various trusts and LLCs.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, with neutral sentiment.
Management Comments
- Mr. Alan B. Miller disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that Mr. Alan B. Miller 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.
Key Dates
| Date | Description |
|---|---|
| 03/18/2021 | Option vested ratably |
| 03/18/2022 | Option vested ratably |
| 03/18/2023 | Option vested ratably |
| 03/18/2024 | Option vested ratably |
| 09/12/2024 | Alan B. Miller exercised options and disposed of shares. |
| 09/13/2024 | Date of signature on the Form 4 filing. |
| 03/17/2025 | Expiration date of options exercised on 09/12/2024 |
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