UnitedHealth executive granted 76 dividend-equivalent shares

UNITEDHEALTH GROUP INC executive Noel Timothy John, Chief Executive Officer of UnitedHealthcare (UHC), reported an acquisition of 76.063 shares of common stock.

Rhea-AI Filing Summary

UNITEDHEALTH GROUP INC executive Noel Timothy John, Chief Executive Officer of UnitedHealthcare (UHC), reported an acquisition of 76.063 shares of common stock. These represent dividend equivalents paid on outstanding restricted stock units and carry the same vesting conditions as the underlying units. After this award, his directly held common stock position reported in this filing is 17,650.716 shares. The transaction reflects compensation-related accruals rather than an open‑market purchase.

Insider Trade Summary

Grant/Award: 76.063 shares

Grant/Award 1 txn

Insider Noel Timothy John

Role Chief Executive Officer, UHC

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	76.063	$0.00	$0.00

Holdings After Transaction: Common Stock — 17,650.716 shares (Direct)

Footnotes (1)

1. F1. Represents dividend equivalents paid on outstanding restricted stock units. The dividend equivalents are subject to the same terms as the underlying restricted stock units and are forfeited if such units do not vest.

Key Figures

Shares acquired: 76.063 shares Transaction price: $0.0000 per share Shares after transaction: 17,650.716 shares

3 metrics

Shares acquired 76.063 shares Dividend equivalents on restricted stock units on June 23, 2026

Transaction price $0.0000 per share Recorded value for dividend-equivalent share credit

Shares after transaction 17,650.716 shares Directly held UnitedHealth common stock following the Form 4 transaction

Key Terms

dividend equivalents, restricted stock units, grant, award, or other acquisition

3 terms

dividend equivalents financial

"Represents dividend equivalents paid on outstanding restricted stock units."

Payments tied to employee or contractor equity awards that mirror the cash dividends paid on the company’s stock; they give the holder the same economic benefit as owning the shares without transferring actual shares—often paid in cash or additional award units when the award becomes payable. Investors care because these payments affect a company’s compensation costs, cash flow and potential share dilution, and they signal how management is being rewarded and aligned with shareholders.

restricted stock units financial

"The dividend equivalents are subject to the same terms as the underlying restricted stock units"

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.

grant, award, or other acquisition financial

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

FAQ

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

What did UnitedHealth (UNH) executive Noel Timothy John report in this Form 4?

He reported acquiring 76.063 UnitedHealth common shares as dividend equivalents on outstanding restricted stock units. These shares are tied to existing awards and follow the same vesting conditions, reflecting compensation accrual rather than an open‑market stock purchase.

Is the Noel Timothy John Form 4 transaction for UNH an open-market stock purchase?

No, the transaction is not an open‑market purchase. It represents dividend equivalents credited as 76.063 shares on existing restricted stock units, which will be forfeited if the underlying units do not vest, making this a compensation-related grant/award acquisition.

How many UnitedHealth (UNH) shares does Noel Timothy John hold after this Form 4?

Following the reported transaction, Noel Timothy John directly holds 17,650.716 shares of UnitedHealth common stock. This balance includes the 76.063 shares received as dividend equivalents on his outstanding restricted stock units, assuming those units ultimately vest under award terms.

What are dividend equivalents on restricted stock units for UnitedHealth (UNH)?

Dividend equivalents are additional share credits linked to outstanding restricted stock units, mirroring dividends paid on common stock. In this filing, 76.063 dividend-equivalent shares were granted and will be forfeited if the underlying restricted stock units fail to vest according to plan terms.

What does transaction code "A" mean in Noel Timothy John’s UNH Form 4?

Transaction code "A" indicates a grant, award, or other acquisition of securities. Here it reflects 76.063 dividend-equivalent common shares credited on restricted stock units, recorded at a price of $0.0000 per share as part of his compensation package.

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

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Accepted by SEC EDGAR 06/25/2026 - 05:37 PM EDT Learn about SEC filing dates

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^*

Noel Timothy John

(Last) (First) (Middle)

C/O UNITEDHEALTH GROUP INCORPORATED

1 HEALTH DRIVE

(Street)

EDEN PRAIRIE MINNESOTA 55344

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
UNITEDHEALTH GROUP INC [ UNH ]

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer, UHC

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/23/2026

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
Common Stock	06/23/2026		A		76.063(1)	A	$0	17,650.716	D

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. Represents dividend equivalents paid on outstanding restricted stock units. The dividend equivalents are subject to the same terms as the underlying restricted stock units and are forfeited if such units do not vest.

Remarks:

	Faraz A. Choudhry, Attorney-in-Fact for Timothy J. Noel	06/25/2026
	** 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)