UHS (NYSE: UHS) CEO awarded 29,715 Class B shares in equity grant

Rhea-AI Filing Summary

Miller Marc D reported acquisition or exercise transactions in this Form 4 filing.

Universal Health Services President and CEO Marc D. Miller received a grant of 29,715 shares of Class B Common Stock, effectively at no cost, as an equity award. According to the plan terms, these restricted stock units vest in equal parts on 3/26/2027, 3/26/2028, 3/26/2029 and 3/26/2030. Following this grant, Miller directly owns 388,621 Class B shares and also has indirect ownership through several family trusts, including 49,294 shares held by The Abby Danielle Miller 2002 Trust and 69,726 shares held by The Marni Spencer 2002 Trust.

Insider Trade Summary

7 transactions reported

Mixed 7 txns

Insider Miller Marc D

Role President and CEO

Type	Security	Shares	Price	Value
Grant/Award	Class B Common Stock	29,715	$0.00	--
holding	Class B Common Stock	--	--	--
holding	Class B Common Stock	--	--	--
holding	Class B Common Stock	--	--	--
holding	Class B Common Stock	--	--	--
holding	Class B Common Stock	--	--	--
holding	Class B Common Stock	--	--	--

Holdings After Transaction: Class B Common Stock — 388,621 shares (Direct); Class B Common Stock — 49,294 shares (Indirect, The Abby Danielle Miller 2002 Trust)

Footnotes (1)

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Key Figures

Equity award size: 29,715 shares Grant price: $0.00 per share Direct holdings after grant: 388,621 shares +3 more

6 metrics

Equity award size 29,715 shares Grant of Class B Common Stock on 3/26/2026

Grant price $0.00 per share Equity award under 2020 Omnibus Stock and Incentive Plan

Direct holdings after grant 388,621 shares Class B Common Stock directly owned after transactions on 3/26/2026

Abby Danielle Miller 2002 Trust holdings 49,294 shares Indirect Class B ownership associated with family trust

Marni Spencer 2002 Trust holdings 69,726 shares Indirect Class B ownership associated with family trust

Vesting dates 3/26/2027, 2028, 2029, 2030 RSUs vest ratably over four annual installments

Key Terms

restricted stock units, Amended and Restated 2020 Omnibus Stock and Incentive Plan, Class B Common Stock, grant, award, or other acquisition, +1 more

5 terms

restricted stock units financial

"These restricted stock units were granted pursuant to the Universal Health Services, Inc. Amended and Restated 2020 Omnibus Stock and Incentive Plan"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

Amended and Restated 2020 Omnibus Stock and Incentive Plan financial

"granted pursuant to the Universal Health Services, Inc. Amended and Restated 2020 Omnibus Stock and Incentive Plan"

Class B Common Stock financial

"security_title": "Class B Common Stock""

A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.

grant, award, or other acquisition financial

"transaction_code_description": "Grant, award, or other acquisition""

indirect ownership financial

"direct_or_indirect": "I","nature_of_ownership": "The Abby Danielle Miller 2002 Trust""

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Miller Marc D

(Last) (First) (Middle)

UNIVERSAL HEALTH SERVICES, INC.

367 SOUTH GULPH ROAD

(Street)

KING OF PRUSSIA PENNSYLVANIA 19406

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
UNIVERSAL HEALTH SERVICES INC [ UHS ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President and CEO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/26/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class B Common Stock	03/26/2026		A(1)		29,715	A	$0	388,621	D
Class B Common Stock								49,294	I	The Abby Danielle Miller 2002 Trust
Class B Common Stock								55,763	I	The Abby Miller King 2011 Family Trust
Class B Common Stock								36,988	I	The Marc Daniel Miller 2002 Trust
Class B Common Stock								59,900	I	The Marc Daniel Miller 2011 Family Trust
Class B Common Stock								69,726	I	The Marni Spencer 2002 Trust
Class B Common Stock								55,763	I	The Marni Spencer 2011 Family Trust

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. These restricted stock units were granted pursuant to the Universal Health Services, Inc. Amended and Restated 2020 Omnibus Stock and Incentive Plan and units will vest ratably on 3/26/2027, 3/26/2028, 3/26/2029 and 3/26/2030.

	/s/ Steve Filton, Attorney in Fact for Marc D. Miller	03/30/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What did UHS CEO Marc D. Miller report in this Form 4 filing?

Marc D. Miller reported receiving a grant of 29,715 shares of Class B Common Stock as an equity award. The grant was priced at $0.00 per share, reflecting a compensation grant rather than an open-market purchase.

How and when do Marc D. Miller’s new UHS restricted stock units vest?

The newly granted restricted stock units vest in four equal installments on 3/26/2027, 3/26/2028, 3/26/2029 and 3/26/2030. This creates a multi‑year retention schedule that ties Miller’s compensation to Universal Health Services’ long‑term performance.

How many UHS Class B shares does Marc D. Miller hold directly after this grant?

After the reported grant, Marc D. Miller directly owns 388,621 shares of Class B Common Stock. This figure reflects his direct ownership position in Universal Health Services, separate from any shares held indirectly through family trusts.

What indirect UHS shareholdings are associated with Marc D. Miller’s family trusts?

The filing lists indirect holdings in several family trusts, including 49,294 shares in The Abby Danielle Miller 2002 Trust and 69,726 shares in The Marni Spencer 2002 Trust. These entries show additional Class B shares held for related family members.

Was Marc D. Miller’s UHS equity transaction an open-market buy or sale?

The transaction was coded as an A transaction, meaning a grant or award acquisition, not an open‑market trade. Miller received 29,715 shares as part of Universal Health Services’ Amended and Restated 2020 Omnibus Stock and Incentive Plan.

Which compensation plan governs Marc D. Miller’s new UHS restricted stock units?

The restricted stock units were granted under the Universal Health Services, Inc. Amended and Restated 2020 Omnibus Stock and Incentive Plan. This equity plan authorizes stock‑based awards, such as RSUs, to executives and other participants as part of long‑term compensation.