Conway Patrick Hugh 4

What Happened

• Patrick Hugh Conway, CEO of UnitedHealth Group (UNH), had 203.821 shares disposed of to satisfy a tax liability related to option/award activity. The shares were valued at $377.92 each, for a total of approximately $77,028.
• This was a tax-withholding disposition (transaction code F), a routine administrative step associated with exercising options or vesting awards — not an open-market sale signaling a directional bet.

Key Details

• Transaction date: 2026-06-02; Form 4 filed: 2026-06-04 (filed within the typical reporting window).
• Price per share: $377.92; Shares disposed/withheld: 203.821; Total value: ~$77,028.
• Transaction code: F (payment of exercise price or tax liability — shares withheld to cover taxes).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• No 10b5-1 plan or other special plan was indicated in the excerpt provided.

Context

• For retail investors: tax-withholding disposals are common when executives exercise options or shares vest. They reduce the insider’s reported share count but are administrative (to cover tax) rather than a market sale. Such transactions are generally less informative about an insider’s view of the company than outright open-market purchases or sales.