Were Steve Filton’s UHS share transactions open-market sales or tax withholdings?

The transactions were tax-withholding dispositions, not open-market sales. Both entries carry code F, indicating payment of tax liability by delivering securities, which is a common, non-discretionary mechanism associated with vesting or exercise of equity awards.

UHS CFO disposes shares for tax withholding

Universal Health Services Executive Vice President & CFO Steve Filton reported routine tax-related share dispositions of Class B Common Stock.

Accepted by SEC EDGAR 03/23/2026 - 04:17 PM EDT

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Form Type

Rhea-AI Filing Summary

Universal Health Services Executive Vice President & CFO Steve Filton reported routine tax-related share dispositions of Class B Common Stock. On March 19 and 21, a total of 1,347 shares were delivered to cover tax liabilities at prices of $189.58 and $185.82 per share, respectively. These were coded as tax-withholding transactions, not open-market sales. Following the dispositions, Filton held 137,865 Class B shares directly, plus 80,500 Class B shares in each of The Betsy H. Filton 2020 Irrevocable Trust and The Steve G. Filton 2020 Irrevocable Trust as indirect holdings.

Insider Trade Summary

Exercise Price or Tax Liability: 1,347 shares

Exercise Price or Tax Liability 2 txns

Insider FILTON STEVE

Role Executive Vice President & CFO

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Class B Common Stock	616	$185.82	$114K
Exercise Price or Tax Liability	Class B Common Stock	731	$189.58	$139K
Holding	Class B Common Stock	--	--	--
Holding	Class B Common Stock	--	--	--

Holdings After Transaction: Class B Common Stock — 137,865 shares (Direct); Class B Common Stock — 80,500 shares (Indirect, The Betsy H. Filton 2020 Irrevocable Trust); Class B Common Stock — 80,500 shares (Indirect, The Steve G. Filton 2020 Irrevocable Trust)

Holdings Before and After: Class B Common Stock, 139,212 to 137,865 shares (Direct)

FAQ

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What did UHS Executive Vice President & CFO Steve Filton report on this Form 4?

Steve Filton reported Class B Common Stock used to cover tax liabilities. Two transactions delivered 1,347 shares in total, categorized as tax-withholding dispositions rather than open-market sales, while maintaining substantial direct and indirect ownership positions in Universal Health Services.

How many Universal Health Services (UHS) shares were involved in Steve Filton’s latest transactions?

The filing shows 1,347 Class B Common shares used for tax withholding. These were reported across two transactions, with 731 shares at $189.58 and 616 shares at $185.82, reflecting routine settlement of tax obligations tied to equity compensation.

What is Steve Filton’s direct Class B shareholding in Universal Health Services after these transactions?

After the reported tax-withholding dispositions, Steve Filton directly holds 137,865 shares of UHS Class B Common Stock. This post-transaction balance indicates the withheld shares represent a small portion of his direct ownership position in the company.

Does Steve Filton have indirect ownership of Universal Health Services (UHS) shares through trusts?

Yes. The filing lists 80,500 UHS Class B shares held by The Betsy H. Filton 2020 Irrevocable Trust and another 80,500 shares held by The Steve G. Filton 2020 Irrevocable Trust, both reported as indirect ownership interests associated with Steve Filton.

How should investors interpret Form 4 tax-withholding transactions like those reported by UHS’s CFO?

Tax-withholding transactions generally reflect administrative settlement of tax obligations on equity awards. Because these deliveries are non-open-market and tied to compensation mechanics, they typically offer limited insight into an executive’s view of the company’s future prospects.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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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^*

FILTON STEVE

(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)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Executive Vice President & CFO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/19/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class B Common Stock	03/19/2026		F		731	D	$189.58	138,481	D
Class B Common Stock	03/21/2026		F		616	D	$185.82	137,865	D
Class B Common Stock								80,500	I	The Betsy H. Filton 2020 Irrevocable Trust
Class B Common Stock								80,500	I	The Steve G. Filton 2020 Irrevocable 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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

	/s/ Charles F. Boyle, Attorney- in-Fact for Mr. Filton	03/23/2026
	** 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)

Source: View Original Filing on SEC EDGAR