other material
confidence high
sentiment neutral
materiality 0.45
UHS revises executive and board compensation, seeks to increase share reserve by 6M
UNIVERSAL HEALTH SERVICES INC
- CEO Marc Miller base salary raised to $1.3M (+18%); target bonus increased to 150% of salary from 100%.
- CFO Filton base to $800K (+11%), Pember $800K (+11%), Peterson $675K (+8%); cash incentive targets raised.
- Board cash retainers increased (e.g., member from $65K to $100K); equity grants reduced to $200K fixed value; meeting fees eliminated.
- 2022 Executive Incentive Plan approved; performance metrics based on adjusted EPS and return on capital.
- Shareholders to vote on increasing share reserve by 6M shares to 12.1M under 2020 Stock Plan; award term cap reduced to 5 years.