GARCIA PAUL R 4

What Happened
Paul R. Garcia, a director of UnitedHealth Group (UNH), was credited with 13 shares on 2026-06-23. The filing reports the transaction as an award/acquisition (code A) and lists a reported acquisition price/value of $0 — these shares represent dividend equivalents paid on vested deferred stock units rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-06-23; Form 4 filed: 2026-06-25 (appears timely).
• Transaction type/code: Award/Acquisition (A).
• Shares acquired: 13; reported acquisition price/value: $0 (dividend equivalents).
• Shares owned after transaction: not specified in the filing.
• Footnote: Dividend equivalents are immediately vested and are subject to the same terms as the underlying deferred stock units (per F1).
• No sale, purchase for cash, option exercise, 10b5-1 plan, or tax-withholding sale is indicated.

Context
Dividend-equivalent share credits on deferred stock units are a common form of executive/director compensation and do not reflect an out-of-pocket purchase. For retail investors, outright purchases or sales by insiders tend to be more informative about sentiment; awards/dividend equivalents are typically routine compensation adjustments.