Noel Timothy John 4

What Happened Noel Timothy John, CEO of UnitedHealth Group (UNH), was granted 76.063 shares on 2026-06-23 as an award (transaction code A). The shares were recorded at $0.00 cash cost to the insider; the grant represents dividend equivalents paid on outstanding restricted stock units rather than an open-market purchase or option exercise.

Key Details

• Transaction date: 2026-06-23 (reported on Form 4 filed 2026-06-25) — filing appears timely.
• Transaction type/code: Award (A) — 76.063 shares acquired at $0.00.
• Reported value: $0 cash consideration; represents dividend equivalents (no direct cash outlay).
• Shares owned after transaction: Not reported in this filing.
• Footnote: Dividend equivalents are subject to the same terms as the underlying restricted stock units and are forfeited if those units do not vest.

Context Dividend-equivalent awards on RSUs are a form of compensation that mirrors cash dividends but are paid in additional restricted shares and generally follow the vesting and forfeiture rules of the underlying RSUs. Such awards are routine compensation and do not necessarily indicate a bullish or bearish view by the insider the way an open-market purchase or sale might.