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AI brief of an SEC Form 8-K · Universal Health Services (UHS)

UHS sets 2026 executive bonus formulas and grants stock awards; max PBRSU payout raised to 200%

Neutral Impact 2 of 5 other Written later

On March 26, 2026, UHS's Compensation Committee approved 2026 annual bonus formulas for executive officers and granted time-based and performance-based restricted stock units. The filing says the performance-based units will now be measured on a three-year average of Adjusted EBITDA net of NCI, and their maximum payout rises to 200% of target from 150%.

Key points

  • CEO Marc D. Miller's 2026 target bonus is 150% of base salary; CFO Steve G. Filton's is 100%, and bonuses can range from 0% to 200% of target based on adjusted net income per diluted share and return on capital.
  • Performance-based RSU maximum payout increases to 200% of target from 150%; minimum threshold stays at 50% of target at 90% of the three-year average Adjusted EBITDA net of NCI.
  • Marc D. Miller was granted 29,715 RSUs and 29,715 PBRSUs (at target), calculated using a Class B closing price of $185.09 on March 26, 2026.
  • Executive Chairman Alan B. Miller was approved for a discretionary cash bonus of $1.07 million for the year ended December 31, 2025.

The filing

CompanyUniversal Health Services (UHS)
Form8-K, current report
Filed with the SECMar 30, 2026, 5:30 PM ET
Accession number0001193125-26-131809

Items reported: 5.02 Director / Officer Change

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 12:56 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on March 30, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.