MCNABB FREDERICK WILLIAM III 4

What Happened
Frederick W. McNabb III, a director of UnitedHealth Group (UNH), was credited with 64 shares on 2026-03-17 as an award/acquisition. The shares were recorded at $0.00 (total value $0) because they represent dividend equivalents paid on vested deferred stock units rather than a cash purchase or open-market trade.

Key Details

• Transaction date: 2026-03-17; filing date: 2026-03-19 (Form 4 filed timely).
• Transaction type/code: A — Grant/award or other acquisition.
• Shares acquired: 64; price per share reported: $0.00; total reported value: $0.
• Shares owned after the transaction: not provided in the information supplied.
• Footnote: Dividend equivalents on vested deferred stock units — these dividend equivalents are immediately vested and subject to the same terms as the underlying deferred stock units (per footnote F1).
• No 10b5-1 plan, gift, sale, or option exercise is indicated in this transaction.

Context
This was not a cash purchase or sale but a non-cash award tied to dividend equivalents on deferred stock units. Such entries are routine compensation-related adjustments and do not necessarily indicate a change in the insider’s market view.