UHS (NYSE: UHS) chair exercises 132,712 shares, 114,258 withheld
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
UNIVERSAL HEALTH SERVICES INC Executive Chairman Alan B. Miller exercised stock options and increased his direct Class B holdings. On March 10, 2026, he exercised options for 62,500 Class B shares at $138.80 per share and 70,212 shares at $152.68 per share, acquiring a total of 132,712 Class B shares.
To cover the option exercise price or related tax liability, 114,258 Class B shares were delivered at $189.62 per share under a code F tax-withholding transaction. After these movements, Miller directly holds 1,764,485 Class B shares. Additional Class B shares are held indirectly through various family trusts, GRATs and a foundation, and Miller disclaims beneficial ownership of those securities.
Positive
- None.
Negative
- None.
Insider Trade Summary
132,712 shares exercised/converted
Mixed
15 txns
Insider
MILLER ALAN B
Role
Executive Chairman
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Option To Purchase Class B Common Stock | 62,500 | $0.00 | -- |
| Exercise | Option To Purchase Class B Common Stock | 70,212 | $0.00 | -- |
| Exercise | Class B Common Stock | 62,500 | $138.80 | $8.68M |
| Exercise | Class B Common Stock | 70,212 | $152.68 | $10.72M |
| Tax Withholding | Class B Common Stock | 114,258 | $189.62 | $21.67M |
| 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:
Option To Purchase Class B Common Stock — 0 shares (Direct);
Class B Common Stock — 1,808,531 shares (Direct);
Class B Common Stock — 55,763 shares (Indirect, By The Abby Miller King 2011 Family Trust)
Footnotes (1)
- 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. Option vested ratably on each of 3/17/2022, 3/17/2023, 3/17/2024 and 3/17/2025.
FAQ
What did UHS Executive Chairman Alan B. Miller do in this Form 4?
Alan B. Miller exercised stock options to acquire Class B Common Stock and used shares to satisfy exercise price or tax obligations. The filing shows both the option exercises and the related tax-withholding share delivery on March 10, 2026.
What is Alan B. Miller’s direct ownership in UHS after these transactions?
Following the option exercises and tax-withholding share delivery, Miller directly holds 1,764,485 shares of UHS Class B Common Stock. This figure reflects his direct ownership only and excludes additional shares held indirectly through various family trusts, GRATs and a charitable foundation.
What does the tax-withholding transaction in Alan B. Miller’s UHS filing represent?
The tax-withholding entry shows 114,258 Class B shares delivered at $189.62 per share coded F, meaning securities were used to pay the option exercise price or related tax liability. This is an issuer-directed withholding mechanism rather than a discretionary market sale.