UNH director granted 41 dividend-equivalent shares

MONTGOMERY RICE VALERIE MD reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

MONTGOMERY RICE VALERIE MD reported acquisition or exercise transactions in this Form 4 filing.

UNITEDHEALTH GROUP INC director receives additional stock-linked units through dividends. Director Valerie Montgomery Rice was granted 41 shares of Common Stock on June 23, 2026 at a stated price of $0.00 per share. These represent dividend equivalents paid on vested deferred stock units and are immediately vested under the same terms as the underlying units. Following this compensation-related award, she directly holds 7,656 shares of UnitedHealth Group common stock, indicating a routine, small-scale adjustment to her equity-based holdings rather than an open-market transaction.

Insider Trade Summary

Grant/Award: 41 shares

Grant/Award 1 txn

Insider MONTGOMERY RICE VALERIE MD

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	41	$0.00	$0.00

Holdings After Transaction: Common Stock — 7,656 shares (Direct)

Footnotes (1)

1. F1. Represents dividend equivalents paid on vested deferred stock units. The dividend equivalents are immediately vested and are subject to the same terms as the underlying deferred stock units.

Key Figures

Shares acquired: 41 shares Price per share: $0.00 per share Post-transaction holdings: 7,656 shares +2 more

5 metrics

Shares acquired 41 shares Dividend equivalents on vested deferred stock units, June 23, 2026

Price per share $0.00 per share Stated value for dividend-equivalent grant

Post-transaction holdings 7,656 shares Common Stock directly held after the transaction

Transaction code A Grant, award, or other acquisition of Common Stock

Transaction direction acquire Non-derivative grant classified as acquisition, not open-market buy

Key Terms

dividend equivalents, deferred stock units, Common Stock, Grant, award, or other acquisition

4 terms

dividend equivalents financial

"Represents dividend equivalents paid on vested deferred 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.

deferred stock units financial

"The dividend equivalents are immediately vested and are subject to the same terms as the underlying deferred stock units."

Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.

Common Stock financial

"security_title: "Common Stock""

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

Grant, award, or other acquisition financial

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

FAQ

What insider transaction did UNH director Valerie Montgomery Rice report?

Director Valerie Montgomery Rice reported an acquisition of 41 shares of UNITEDHEALTH GROUP INC Common Stock. The shares represent dividend equivalents on vested deferred stock units and were awarded at a stated price of $0.00 per share as additional equity-based compensation.

Was the UNH Form 4 transaction an open-market buy or sell?

The Form 4 transaction was not an open-market trade. It reflects a grant of 41 Common Stock shares as dividend equivalents on vested deferred stock units, a compensation-related acquisition rather than a discretionary market purchase or sale by the director.

How many UNITEDHEALTH GROUP shares does the director hold after this award?

After receiving 41 dividend-equivalent shares, director Valerie Montgomery Rice holds 7,656 shares of UNITEDHEALTH GROUP INC Common Stock directly. This filing shows a modest increase in her equity position through compensation rather than a large change in ownership.

What are dividend equivalents on vested deferred stock units for UNH?

Dividend equivalents are additional units granted to mirror dividends paid on underlying vested deferred stock units. For UNH, 41 such equivalents were granted and are immediately vested, following the same terms as the original deferred stock units held by the director.

Does the UNH Form 4 indicate any derivative or options activity?

The Form 4 does not show any derivative or option exercises. The reported transaction involves only non-derivative Common Stock awarded as dividend equivalents on vested deferred stock units, with no remaining derivative positions listed in the filing’s derivative summary.

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Accepted by SEC EDGAR 06/25/2026 - 05:38 PM 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^*

MONTGOMERY RICE VALERIE MD

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

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		41(1)	A	$0	7,656	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 vested deferred stock units. The dividend equivalents are immediately vested and are subject to the same terms as the underlying deferred stock units.

Remarks:

	Faraz A. Choudhry, Attorney-in-Fact for Valerie C. Montgomery Rice M.D.	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)