UNH director receives 13-share dividend grant

Q: What indirect UNH share holdings are reported for Paul R. Garcia?

The filing reports 55 UNITEDHEALTH GROUP INC shares held by Trust 3, 45 shares held by Trust 2, and 2,146 shares held by a revocable trust. These positions are classified as indirect ownership interests related to the director.

GARCIA PAUL R reported acquisition or exercise transactions in this Form 4 filing.

Filing Impact

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Filing Sentiment

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Form Type

Rhea-AI Filing Summary

GARCIA PAUL R reported acquisition or exercise transactions in this Form 4 filing.

UNITEDHEALTH GROUP INC director Paul R. Garcia reported a small equity-related compensation change. He received 13 shares of common stock on June 23, 2026 as a grant or award tied to dividend equivalents on vested deferred stock units, bringing his direct holdings to 3,686 shares of common stock.

In addition, he reported indirect holdings of 55 shares held by Trust 3, 45 shares held by Trust 2, and 2,146 shares held by a revocable trust. The new 13-share award is immediately vested and follows the same terms as the underlying deferred stock units, indicating a routine, compensation-related adjustment rather than an open‑market trade.

Insider Trade Summary

Grant/Award: 13 shares

Grant/Award 4 txns

Insider GARCIA PAUL R

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	13	$0.00	$0.00
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 3,686 shares (Direct); Common Stock — 2,146 shares (Indirect, By Revocable Trust); Common Stock — 45 shares (Indirect, By Trust 2); Common Stock — 55 shares (Indirect, By Trust 3)

Footnotes (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

Awarded shares: 13 shares Direct holdings after award: 3,686 shares Revocable trust holdings: 2,146 shares +2 more

5 metrics

Awarded shares 13 shares Grant or award acquisition of common stock tied to dividend equivalents on June 23, 2026

Direct holdings after award 3,686 shares Total UNITEDHEALTH GROUP INC common stock directly held following the 13-share grant

Revocable trust holdings 2,146 shares Common stock held indirectly by a revocable trust

Trust 3 holdings 55 shares Common stock held indirectly by Trust 3

Trust 2 holdings 45 shares Common stock held indirectly by Trust 2

Key Terms

dividend equivalents, deferred stock units, revocable trust, indirect ownership, +1 more

5 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.

revocable trust financial

"nature_of_ownership: By Revocable Trust"

A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.

indirect ownership financial

"ownership_type: indirect, ownership_code: I"

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 insider transaction did UNH director Paul R. Garcia report?

Director Paul R. Garcia reported receiving 13 shares of UNITEDHEALTH GROUP INC common stock as a grant tied to dividend equivalents on vested deferred stock units. This increased his directly held common stock to 3,686 shares.

Was Paul R. Garcia’s UNH Form 4 transaction a market buy or sell?

The Form 4 shows an acquisition coded as a grant or award, not an open-market purchase or sale. The 13 reported shares represent dividend equivalents on vested deferred stock units and are compensation-related rather than a trading decision.

How many UNITEDHEALTH GROUP INC shares does Paul R. Garcia hold directly after this filing?

After the reported grant, Paul R. Garcia directly holds 3,686 shares of UNITEDHEALTH GROUP INC common stock. This figure comes from the Form 4 line showing total shares following the 13-share dividend-equivalent award transaction.

What are dividend equivalents on vested deferred stock units in the UNH Form 4?

Dividend equivalents are additional units or shares granted to mirror dividends paid on underlying deferred stock units. In this case, 13 dividend-equivalent shares were immediately vested and follow the same terms as the original deferred stock units.

Does the UNH Form 4 suggest a change in Paul R. Garcia’s trading view?

The Form 4 reflects a small, compensation-related grant of 13 dividend-equivalent shares, not an open-market trade. Such routine awards generally reflect plan mechanics rather than a discretionary change in the director’s trading outlook.

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

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

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^*

GARCIA PAUL R

(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)
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)
Common Stock	06/23/2026		A		13⁽¹⁾	A	$0	3,686	D
Common Stock								2,146	I	By Revocable Trust
Common Stock								45	I	By Trust 2
Common Stock								55	I	By Trust 3

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:

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 Paul R. Garcia	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)

Source: View Original Filing on SEC EDGAR