STOCK TITAN

Universal Health Services (UHS) chair granted 14,153 Class B share units as RSUs

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

MILLER ALAN B reported acquisition or exercise transactions in this Form 4 filing.

Universal Health Services Executive Chairman Alan B. Miller received an equity award of 14,153 Class B share units as a grant under the company’s Amended and Restated 2020 Omnibus Stock and Incentive Plan. The units will vest in equal portions on March 26 of 2027, 2028, 2029 and 2030.

After this award, Miller directly holds 1,796,166 shares of Class B Common Stock. The filing also lists additional Class B shares held through various family trusts, grantor retained annuity trusts and a foundation associated with Miller, for which he disclaims beneficial ownership.

No open-market purchases or sales of Universal Health Services stock are reported in this filing; the activity reflects compensation-related equity and updated indirect holdings.

Positive

  • None.

Negative

  • None.
Insider MILLER ALAN B
Role Executive Chairman
Type Security Shares Price Value
Grant/Award Class B Common Stock 14,153 $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 -- -- --
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 — 1,796,166 shares (Direct); Class B Common Stock — 55,763 shares (Indirect, By The Abby Miller King 2011 Family Trust)
Footnotes (1)
  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. Mr. Alan B. Miller disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that Mr. Alan B. Miller is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.
Equity award size 14,153 units Restricted stock units granted to Alan B. Miller
Direct Class B holdings 1,796,166 shares Direct shares held after reported grant
Abby Miller King 2011 Family Trust 55,763 shares Indirect Class B holdings via family trust
Alan and Jill Miller Foundation 8,623 shares Indirect Class B holdings via foundation
Marc Daniel Miller 2011 Family Trust 59,900 shares Indirect Class B holdings via family trust
Marni Spencer 2011 Family Trust 55,763 shares Indirect Class B holdings via family trust
Abby Miller King 2024 GRAT 9,418 shares Indirect Class B holdings via 2024 GRAT
Marc Daniel Miller 2024 GRAT 13,963 shares Indirect Class B holdings via 2024 GRAT
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 for all reported holdings and award"
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.
GRAT financial
"Abby Miller King 2024 GRAT and Abby Miller King 2025 GRAT are listed as indirect holders"
beneficial ownership financial
"Mr. Alan B. Miller disclaims beneficial ownership of these securities"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
SEC Form 4
FORM 4UNITED 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 ALAN B

(Last)(First)(Middle)
UNIVERSAL HEALTH SERVICES, INC.

(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)
XDirectorX10% Owner
XOfficer (give title below)Other (specify below)
Executive Chairman
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
03/26/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Class B Common Stock03/26/2026A(1)14,153A$01,796,166D
Class B Common Stock55,763IBy The Abby Miller King 2011 Family Trust
Class B Common Stock8,623IThe Alan and Jill Miller Foundation(2)
Class B Common Stock59,900IThe Marc Daniel Miller 2011 Family Trust
Class B Common Stock55,763IThe Marni Spencer 2011 Family Trust
Class B Common Stock9,418IAbby Miller King 2024 GRAT
Class B Common Stock24,295IAbby Miller King 2025 GRAT
Class B Common Stock13,963IMarc Daniel Miller 2024 GRAT
Class B Common Stock24,295IMarc Daniel Miller 2025 GRAT
Class B Common Stock9,418IMarni Spencer 2024 GRAT
Class B Common Stock24,295IMarni Spencer 2025 GRAT
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount 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.
2. Mr. Alan B. Miller disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that Mr. Alan B. Miller is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.
/s/ Steve Filton, Attorney-in-Fact for Alan B. Miller03/30/2026
** Signature of Reporting PersonDate
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 insider transaction did UHS Executive Chairman Alan B. Miller report?

Alan B. Miller reported an award of 14,153 Class B share units as equity compensation. These restricted stock units were granted under Universal Health Services’ 2020 Omnibus Stock and Incentive Plan and will vest in four equal annual installments beginning March 26, 2027.

How many Universal Health Services Class B shares does Alan B. Miller hold directly after this Form 4?

Following the reported grant, Alan B. Miller directly holds 1,796,166 shares of Universal Health Services Class B Common Stock. This figure reflects his direct ownership position reported as of the transaction date shown in the Form 4 filing for the new equity award.

Were any Universal Health Services (UHS) shares bought or sold on the market in this Form 4?

No open-market buys or sells were reported in this Form 4. The filing shows a compensation-related grant of 14,153 Class B share units to Alan B. Miller and updated positions in various trusts and a foundation, with no market transactions disclosed.

How do the new UHS restricted stock units for Alan B. Miller vest over time?

The 14,153 restricted stock units vest ratably on March 26 in 2027, 2028, 2029 and 2030. This means one-quarter of the units become vested each year on that date, aligning the award with a four-year service and retention period for the executive chairman.

What plan governs the new equity grant reported by Alan B. Miller at UHS?

The new equity grant was issued under the Universal Health Services, Inc. Amended and Restated 2020 Omnibus Stock and Incentive Plan. This plan authorizes stock-based awards, including restricted stock units, to executives and other participants as part of the company’s long-term incentive compensation.