UHS grants long-term equity to top leaders

Universal Health Services (UHS) has granted new restricted stock unit (RSU) and equity awards to several senior leaders under its 2020 Omnibus Stock and Incentive Plan (Alan B. Miller’s grant is listed under the Amended and Restated version). The awards, disclosed in recent regulatory filings, provide long-term equity incentives that vest in four equal annual installments from March 26, 2027 through March 26, 2030.

All the reported grants involve UHS Class B Common Stock and are structured to vest in equal annual installments on March 26 of 2027, 2028, 2029 and 2030. Certain awards were issued at no cash cost to the recipients and represent compensation-related equity rather than open-market purchases.

President and Chief Executive Officer Marc D. Miller was granted 29,715 shares of Class B Common Stock as an equity award, effectively at no cost. These restricted stock units will vest in four equal annual tranches from March 26, 2027, through March 26, 2030, under the company’s 2020 Omnibus Stock and Incentive Plan.

Following this grant, Miller directly owns 388,621 shares of Class B Common Stock. He also has additional indirect ownership of UHS shares through family trusts, according to the filing.

Executive Chairman Alan B. Miller received 14,153 Class B share units as RSUs under the Amended and Restated 2020 Omnibus Stock and Incentive Plan. The units are scheduled to vest in equal portions on March 26 of each year from 2027 through 2030.

After this award, the Executive Chairman directly holds 1,796,166 shares of Class B Common Stock. Additional shares are held indirectly through various family trusts, grantor retained annuity trusts and a foundation, for which he disclaims beneficial ownership.

Executive Vice President and Chief Financial Officer Steve Filton was granted 6,850 restricted stock units as part of his equity compensation. These RSUs were awarded at no cash cost and will vest in four equal annual installments beginning March 26, 2027, and concluding on March 26, 2030.

Following the transaction, Filton directly holds 144,715 shares of Class B Common Stock. He also has additional indirect holdings through two irrevocable trusts, as disclosed in the filing.

Executive Vice President Edward H. Sim was granted 6,404 restricted stock units of Class B Common Stock under the company’s 2020 Omnibus Stock and Incentive Plan. These units will vest in equal portions on March 26 of 2027, 2028, 2029 and 2030.

After receiving the award, Sim directly holds 24,790 shares of Class B Common Stock. The company noted that the grant represents compensation-related equity rather than an open-market share purchase.

Across all reported awards, UHS employed a consistent structure of time-based vesting over four years, aligned to the same annual vesting date. The grants expand the direct equity stakes of the company’s senior leadership team while utilizing the existing Amended and Restated 2020 Omnibus Stock and Incentive Plan as the framework for executive compensation.