secwatch.observer — SEC 8-K summary
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Issuer:     UNIVERSAL HEALTH SERVICES INC (UHS)
CIK:        0000352915
Form:       8-K
Filed at:   2023-03-17T23:59:59+00:00
Accession:  0000950170-23-008633
Event type: other
Sentiment:  neutral
Materiality: 0.35
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

UHS sets 2023 bonus targets and awards long-term equity to executives
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- CEO Marc Miller target bonus 150% of salary; CFO Steve Filton 100%; EVPs Sim and Peterson 100% (25% corporate, 75% divisional).
- Stock options granted at $117.65/share, vesting over 4 years; performance-based RSUs tied to 3-year EBITDA growth (0-150% payout).
- Awards: Marc Miller gets 119,223 options and 42,024 PSUs; Alan Miller gets 62,696 options and 22,099 PSUs.
- Filton: 30,345 options, 10,696 PSUs; Sim: 10,000 PSUs only; Peterson: 24,928 options, 8,787 PSUs.
- Corporate performance criteria: adjusted net income per share and return on capital; divisional targets based on segment pre-tax income.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/352915/000095017023008633/0000950170-23-008633-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/352915/000095017023008633/uhs-20230315.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-008633

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer