SUSSMAN ELLIOT J MD MBA 4

What Happened
Elliot J. Sussman, MD, MBA, a director of Universal Health Services, Inc. (UHS), was granted 1,217 restricted stock units (RSUs) on May 20, 2026. The Form 4 reports the award as an acquisition (code A) with a reported price of $0 and total reported cost of $0 (typical for equity awards recorded as grants).

Key Details

• Transaction date: 2026-05-20; Form 4 filed 2026-05-21 (timely filing).
• Grant: 1,217 RSUs; reported acquisition price $0.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnote: RSUs granted under the Universal Health Services, Inc. Amended and Restated 2020 Omnibus Stock and Incentive Plan; units vest on the earlier of May 20, 2027 or the next annual meeting of stockholders that is at least 50 weeks after the 2026 annual meeting date (May 20, 2026).
• No indication of a 10b5-1 sale plan, option exercise, gift, or tax-withholding sale in the reported transaction.

Context
This is a standard director compensation award (RSUs). Such grants are compensation and do not represent an open-market purchase or sale by the insider; they typically vest over time and convert to shares when vested, at which point tax consequences may arise. Purchases by insiders tend to carry more explicit bullish signals than routine awards.