Sim Edward H 4
Research Summary
AI-generated summary
Universal Health Services EVP Edward Sim Receives Award; Shares Withheld
What Happened
Edward H. Sim, Executive Vice President of Universal Health Services (UHS), received 15,000 shares upon vesting of performance-based restricted stock units (RSUs) on 2026-03-12. To satisfy tax withholding related to the vesting, 6,563 of those shares were surrendered/withheld at an effective value of $190.49 per share, totaling $1,250,186.
Key Details
- Transaction date: 2026-03-12 (filed 2026-03-13).
- Award/Acquisition: 15,000 shares issued upon RSU vesting (reported as code A, $0.00 per share for acquisition).
- Tax withholding: 6,563 shares withheld/disposed (code F) at $190.49/share = $1,250,186.
- Shares owned after transaction: not specified in the excerpt provided.
- Footnote: These shares were issued from performance-based RSUs awarded 3/15/2023; because vesting depended on performance criteria, the shares were not reportable under Section 16 until vesting.
- Filing timeliness: Filed the day after the transaction (appears timely based on provided dates).
Context
This was a standard vesting of performance-based RSUs with shares withheld to cover tax obligations (a cashless-like tax withholding), not an open-market sale. Such withholding is administrative—common after vesting—and does not necessarily indicate insider buying or selling sentiment.