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.
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 March 13, 2024, Miller exercised options to acquire 65,000 shares at a price of $134.02 per share and disposed of 56,293 shares at $174.72 per share.
- On March 14, 2024, Miller exercised options to acquire another 65,000 shares at $134.02 per share and disposed of 56,640 shares at $172.63 per share.
- Following these transactions, Miller directly owns 1,116,208 shares of Class B Common Stock.
- Miller also has indirect ownership through various trusts and LLCs, including AMK 2014 LLC, MDM 2014 LLC, MS 2014 LLC, The Alan and Jill Miller Foundation, and several family trusts and GRATs.
Sentiment
Score: 5
Explanation: This is a neutral report of stock transactions. It doesn't inherently indicate positive or negative sentiment about the company's future prospects.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Comparison to Industry Standards
- Comparing Alan B. Miller's transactions to those of other executives in similar healthcare companies would provide a benchmark for assessing the magnitude and frequency of his trading activity.
- For example, reviewing Form 4 filings of executives at HCA Healthcare (HCA) or Tenet Healthcare (THC) could offer a comparative perspective.
- Analyzing the timing of these transactions relative to company performance and industry trends can further contextualize their significance.
Stakeholder Impact
- The transactions may have a minor impact on shareholders, potentially influencing the stock price in the short term.
- The transactions do not appear to have a direct impact on employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 03/20/2020 | Option vested ratably |
| 03/20/2021 | Option vested ratably |
| 03/20/2022 | Option vested ratably |
| 03/20/2023 | Option vested ratably |
| 03/13/2024 | Date of earliest transaction; Miller exercised options and disposed of shares |
| 03/14/2024 | Miller exercised options and disposed of shares; Date of signature |
| 03/19/2024 | Expiration date of options exercised |
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