Form 4: Universal Health Services Executive Vice President Steve Filton Reports Changes in Beneficial Ownership

Executive Vice President and CFO Steve Filton reports acquisition and disposal of Class B Common Stock due to RSU vesting and tax withholding.

Summary

• Steve Filton, Executive Vice President & CFO of Universal Health Services, Inc., reported changes in beneficial ownership of Class B Common Stock on March 12, 2025.
• Filton acquired 12,621 shares of Class B Common Stock upon the vesting of performance-based restricted stock units (RSUs) awarded on March 23, 2022.
• 5,366 shares were disposed of at $166.61 per share for tax withholding purposes related to the RSU vesting.
• Following these transactions, Filton directly owns 112,238 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: 6

Explanation: The document is neutral, reporting standard transactions related to executive compensation. The RSU vesting is a positive signal, but the tax withholding is a neutral event.

Positives

• The vesting of performance-based RSUs indicates that Universal Health Services met certain performance criteria.

Negatives

• The disposal of shares for tax withholding reduces Filton's direct ownership, although this is a common practice.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Comparison to Industry Standards

• Form 4 filings are a regulatory requirement for corporate insiders in the US, ensuring transparency in stock ownership.
• Similar filings are made by executives at comparable companies like HCA Healthcare and Tenet Healthcare when they have transactions involving company stock.

Stakeholder Impact

• The RSU vesting could be viewed positively by shareholders as it indicates the company met performance targets.
• The transactions have a minimal direct impact on other stakeholders.

Key Dates