Universal Health Services CEO exercises 75K options

Available on EDGAR 11/12/2026 - 04:08 PM EST Accepted by SEC EDGAR 11/12/2026 - 04:06 PM EST

(Neutral)

(Neutral)How Sentiment works

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

How Sentiment works How the balance works

Form Type

Rhea-AI Filing Summary

Universal Health Services Inc. (UHS) President and CEO Marc D. Miller exercised options covering 75,000 Class B common shares on November 11, 2026, at an exercise price of $143.81 per share. The report lists 29,001 options remaining after the exercise. On the same date, 63,377 Class B shares were delivered or withheld for payment of exercise price or tax liability; no Rule 10b5-1 plan is reported. Six trusts are listed as indirect holders: The Abby Danielle Miller 2002 Trust, 49,294 shares; The Abby Miller King 2011 Family Trust, 55,763; The Marc Daniel Miller 2002 Trust, 36,988; The Marc Daniel Miller 2011 Family Trust, 59,900; The Marni Spencer 2002 Trust, 69,726; and The Marni Spencer 2011 Family Trust, 55,763.

Insider Trade Summary

75,000 shares exercised/converted

Exercise 3 txns

Insider Miller Marc D

Role President and CEO

Type	Security	Shares	Price	Value
Exercise	Option To Purchase Class B Common Stock ^F1	75,000	$0.00	$0.00
Exercise	Class B Common Stock	75,000	$143.81	$10.79M
Exercise Price or Tax Liability	Class B Common Stock	63,377	$196.77	$12.47M
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 — 29,001 options (Direct); Class B Common Stock — 400,244 shares (Direct); Class B Common Stock — 49,294 shares (Indirect, The Abby Danielle Miller 2002 Trust); Class B Common Stock — 55,763 shares (Indirect, The Abby Miller King 2011 Family Trust); Class B Common Stock — 36,988 shares (Indirect, The Marc Daniel Miller 2002 Trust); Class B Common Stock — 59,900 shares (Indirect, The Marc Daniel Miller 2011 Family Trust); Class B Common Stock — 69,726 shares (Indirect, The Marni Spencer 2002 Trust); Class B Common Stock — 55,763 shares (Indirect, The Marni Spencer 2011 Family Trust)

Holdings Before and After: Option To Purchase Class B Common Stock, 104,001 to 29,001 options (Direct); Class B Common Stock, 388,621 to 400,244 shares (Direct)

Footnotes (1)

F1. Option vested ratably on each of 3/23/2023, 3/23/2024, 3/23/2025, and 3/23/2026.

Key Figures

Options exercised: 75,000 options Exercise price: $143.81 per share Class B shares acquired: 75,000 shares +5 more

8 metrics

Options exercised 75,000 options Covered 75,000 underlying Class B common shares on November 11, 2026.

Exercise price $143.81 per share Price for the option exercise on November 11, 2026.

Class B shares acquired 75,000 shares Acquired through the option exercise on November 11, 2026.

Shares delivered or withheld 63,377 shares For payment of exercise price or tax liability on November 11, 2026.

Options following exercise 29,001 options Reported following the November 11, 2026 transaction.

The Abby Danielle Miller 2002 Trust holdings 49,294 shares Indirect Class B shareholding reported on November 11, 2026.

The Abby Miller King 2011 Family Trust holdings 55,763 shares Indirect Class B shareholding reported on November 11, 2026.

The Marc Daniel Miller 2002 Trust holdings 36,988 shares Indirect Class B shareholding reported on November 11, 2026.

Key Terms

vested ratably, option to purchase

2 terms

vested ratably financial

"Option vested ratably on each of 3/23/2023, 3/23/2024, 3/23/2025, and 3/23/2026"

option to purchase financial

"Option To Purchase Class B Common Stock"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many UHS shares did CEO Marc D. Miller acquire through the option exercise?

On November 11, 2026, Marc D. Miller, Universal Health Services’ President and CEO, exercised options covering 75,000 Class B common shares at an exercise price of $143.81 per share. The report lists 29,001 options remaining after the exercise. Separately, 63,377 shares were delivered or withheld for payment of exercise price or tax liability. No Rule 10b5-1 plan is reported.

When did Marc D. Miller’s UHS option vest?

The option vested ratably on March 23, 2023, March 23, 2024, March 23, 2025, and March 23, 2026.

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

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google

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)
11/11/2026

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	11/11/2026		M		75,000	A	$143.81	463,621	D
Class B Common Stock	11/11/2026		F		63,377	D	$196.77	400,244	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)
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)
Option To Purchase Class B Common Stock	$143.81	11/11/2026		M			75,000	⁽¹⁾	03/22/2027	Class B Common Stock	75,000	$0	29,001	D

Explanation of Responses:

1. Option vested ratably on each of 3/23/2023, 3/23/2024, 3/23/2025, and 3/23/2026.

	/s/ Marc D. Miller	11/12/2026
	** 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