Form 4: Universal Health Services Executive Vice President Sells Shares After Option Exercise
SEC Form 4
Executive Vice President and CFO of Universal Health Services, Steve Filton, exercised options and sold shares of Class B Common Stock.
Summary
- Steve Filton, Executive Vice President & CFO of Universal Health Services, Inc. (UHS), executed transactions involving Class B Common Stock.
- On March 7, 2024, Filton exercised options to purchase 70,000 shares at a price of $134.02 per share.
- Also on March 7, 2024, 60,015 shares were disposed of at a price of $178.27.
- On March 8, 2024, Filton sold 35,000 shares at a weighted average price of $176.818, with prices ranging from $176.54 to $177.465.
- Following these transactions, Filton directly owns 68,785 shares of Class B Common Stock.
- Filton also indirectly owns 80,500 shares through The Betsy H. Filton 2020 Irrevocable Trust and 80,500 shares through The Steve G. Filton 2020 Irrevocable Trust.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it simply reports transactions by an executive. There is no indication of positive or negative implications for the company.
Industry Context
This filing reflects routine transactions by a company executive and is typical for executives holding stock options as part of their compensation.
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 |
| 03/07/2024 | Date of earliest transaction: Option exercise and share disposal |
| 03/08/2024 | Sale of shares |
| 03/11/2024 | Date of Form 4 filing |
| 03/19/2024 | Expiration date of options |
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