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AI English summary of an SEC filing — figures as filed

Universal Health Services logoUniversal Health Services UHS

The company said it set executive officers' annual incentive bonus targets for 2025 as a percentage of base salary, at Marc D. Miller 150%, Steve G. Filton 100%, Edward H. Sim 100% and Matthew J. Peterson 100%.

8-KDeparture or Appointment of Directors or Certain OfficersFiled Period of report Summary published (UTC)

Key points

AI summary
  1. The company said it set executive officers' annual incentive bonus targets for 2025 as a percentage of base salary, at Marc D. Miller 150%, Steve G. Filton 100%, Edward H. Sim 100% and Matthew J. Peterson 100%.

  2. UHS said each executive will receive between 0% and 200% of the target bonus. For Marc Miller and Steve Filton, all of the bonus is based on adjusted diluted earnings per share and return on capital. For Sim and Peterson, 25% is based on those measures and the remaining 75% on divisional income targets.

  3. The company granted RSUs and PBRSUs to its executive officers on March 19, 2025. Marc D. Miller received 28,077 units of each. The RSUs vest in equal installments over 4 years, based on the closing price of $178.08, while PBRSUs entitle recipients to between 0% and 150% of their target PBRSUs.

  4. The company said it replaced the employment agreements of Marc D. Miller and Alan B. Miller with new agreements on March 19, 2025. It set their 2025 salaries at $1,500,000 for Marc D. Miller, a 6.7% increase over his 2024 base salary, and $1,125,000 for Alan B. Miller, a 4.0% increase.

Summary

AI-written

Analysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

2025 Executive Annual Incentive Bonus Targets

The company said it set executive officers' annual incentive bonus targets for 2025 as a percentage of base salary, at Marc D. Miller 150%, Steve G. Filton 100%, Edward H. Sim 100% and Matthew J. Peterson 100%.

Source · Based on the filing body and exhibits

Bonus Metrics and Payout Ranges

UHS said each executive will receive between 0% and 200% of the target bonus. For Marc Miller and Steve Filton, all of the bonus is based on adjusted diluted earnings per share and return on capital. For Sim and Peterson, 25% is based on those measures and the remaining 75% on divisional income targets.

Source · Based on the filing body and exhibits

2025 RSU and PBRSU Long-Term Incentive Awards

The company granted RSUs and PBRSUs to its executive officers on March 19, 2025. Marc D. Miller received 28,077 units of each. The RSUs vest in equal installments over 4 years, based on the closing price of $178.08, while PBRSUs entitle recipients to between 0% and 150% of their target PBRSUs.

Source · Based on the filing body and exhibits

New Employment Agreement Salaries for the Miller Executives

The company said it replaced the employment agreements of Marc D. Miller and Alan B. Miller with new agreements on March 19, 2025. It set their 2025 salaries at $1,500,000 for Marc D. Miller, a 6.7% increase over his 2024 base salary, and $1,125,000 for Alan B. Miller, a 4.0% increase.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.