Baker Charles D. 4

What Happened
Charles D. Baker, a director of UnitedHealth Group (UNH), was granted 13 shares on 2026-06-23 as an award (transaction code A). The Form 4 reports the shares at $0.00 (total reported value $0), reflecting dividend equivalents paid on vested deferred stock units rather than a cash purchase.

Key Details

• Transaction date: 2026-06-23; Filing date: 2026-06-25 (timely filing).
• Reported transaction: 13 shares acquired at $0.00 (reported value $0).
• Shares owned after the transaction: not disclosed in the provided data.
• Footnote: The 13 shares represent dividend equivalents on vested deferred stock units; those dividend equivalents are immediately vested and follow the same terms as the underlying deferred stock units (Footnote F1).
• Transaction code: A (award/grant/acquisition). No 10b5-1, sale, or exercise indicated.

Context
This was an award of dividend-equivalent shares tied to previously granted deferred stock units—a routine, non-cash compensation event for insiders. Such awards are administrative/compensation-related and do not necessarily indicate buying or selling intent by the insider.