Form 4: Universal Health Services Executive Vice President Matthew Peterson Reports Stock Transactions
SEC Form 4
Executive Vice President of Universal Health Services, Matthew Peterson, reports the acquisition and disposal of Class B Common Stock and related derivative securities on July 26, 2024.
Summary
- On July 26, 2024, Matthew Peterson, Executive Vice President of Universal Health Services, engaged in multiple transactions involving Class B Common Stock.
- These transactions included the acquisition of shares through option exercises at prices ranging from $67.69 to $152.68.
- Peterson also disposed of shares through sales at weighted average prices of $210.4078 and $211.3186.
- Following these transactions, Peterson directly owns 5,253.2848 shares of Class B Common Stock.
- He also holds options to purchase additional shares at various exercise prices and vesting schedules.
Sentiment
Score: 5
Explanation: Neutral sentiment as the document primarily reports factual stock transactions. The mix of option exercises and stock sales doesn't strongly indicate positive or negative sentiment.
Positives
- The exercise of options indicates a belief in the company's future prospects by the executive.
Negatives
- The sale of shares could be interpreted as a lack of confidence, although it could also be for personal financial planning.
Risks
- Executive stock sales can sometimes create negative market sentiment, even if the reasons are unrelated to company performance.
Industry Context
Executive stock transactions are a normal part of corporate governance and compensation practices in the healthcare industry. Monitoring these transactions can provide insights into executive sentiment and potential company performance.
Comparison to Industry Standards
- Comparing Peterson's transactions to those of executives at similar healthcare companies like HCA Healthcare (HCA) or Tenet Healthcare (THC) could provide context.
- Analyzing the ratio of option exercises to stock sales against industry averages can offer insights into whether these transactions are typical or indicative of a specific trend.
Stakeholder Impact
- Shareholders may react to the reported transactions, potentially influencing the stock price in the short term.
- Employees may view the transactions as a reflection of executive confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 03/18/2021 | Option vested ratably |
| 03/18/2022 | Option vested ratably |
| 03/17/2022 | Option vests ratably |
| 03/23/2023 | Option vests ratably |
| 03/18/2023 | Option vested ratably |
| 03/17/2023 | Option vests ratably |
| 03/15/2024 | Option vests ratably |
| 03/18/2024 | Option vested ratably |
| 03/17/2024 | Option vests ratably |
| 03/23/2024 | Option vests ratably |
| 07/26/2024 | Date of earliest transaction |
| 03/17/2025 | Option vests ratably |
| 03/17/2025 | Expiration Date |
| 03/15/2025 | Option vests ratably |
| 03/23/2025 | Option vests ratably |
| 03/16/2026 | Expiration Date |
| 03/15/2026 | Option vests ratably |
| 03/23/2026 | Option vests ratably |
| 03/22/2027 | Expiration Date |
| 03/15/2027 | Option vests ratably |
| 03/14/2028 | Expiration Date |
| 07/29/2024 | Date of signature |
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