Conway Patrick Hugh 4

What Happened Patrick Conway, CEO of UnitedHealth Group (UNH), was granted 125.021 shares on 2026-03-17 as an award/acquisition (transaction code A). The shares show a $0.00 acquisition price — these represent dividend equivalents paid on outstanding restricted stock units, not an open-market purchase.

Key Details

• Transaction date: 2026-03-17; Filing date: 2026-03-19 (Form 4).
• Shares granted: 125.021 at $0.00 (total reported cash value $0).
• Shares owned after transaction: not specified in the filing.
• Footnote: F1 — these are dividend equivalents subject to the same terms as the underlying RSUs and are forfeited if the RSUs do not vest.
• Transaction type: Award/Grant (A). Filing appears timely (filed within the standard Form 4 window).

Context Dividend-equivalent awards are adjustments that credit the value of dividends on outstanding restricted stock units; they do not involve a cash purchase and can be forfeited if the underlying RSUs fail to vest. Awards like this are routine compensation actions and are different from open-market purchases or sales, which are typically considered stronger signals of an insider’s personal market sentiment.