Company: UHS
Filing Date: 2025-04-03
Form Type: DEF 14A
Source: 0000950170-25-049925
Chunk: 44

Company: UNIVERSAL HEALTH SERVICES INC
Filing Date: 2025-04-03
Form: DEF 14A
Chunk 44
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 CEO and other NEOs each received RSUs and PBRSUs.

The PBRSUs granted in 2024 (as well as in 2023 and 2022), which were based upon the closing price of our Class B Common Stock on the date of grant, are earned based upon the achievement of the three-year growth in our adjusted earnings before interest, taxes,

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| Universal Health Services, Inc. 2025 Proxy Statement |

| Executive Compensation |

depreciation and amortization and the impacts of other income/expense ("Adjusted EBITDA net of NCI"; NCI is net income attributable to noncontrolling interests), as compared to a target range of pre-established thresholds.

The target range of pre-established thresholds applicable to the PBRSUs granted to our NEOs during each of the last three years provide for the following:

Less than 90% of target Adjusted EBITDA net of NCI achieved; 0% of target PBRSUs earned.

90% of target Adjusted EBITDA net of NCI achieved; 50% of target PBRSUs earned.

100% of target Adjusted EBITDA net of NCI achieved; 100% of target PBRSUs earned.

Greater than or equal to 110% of target Adjusted EBITDA net of NCI achieved; 150% of target PBRSUs earned.

On March 21, 2024, our Compensation Committee awarded the following to our NEOs:

Time-based RSUs that are scheduled to vest in four equal installments on the first, second, third and fourth anniversaries of the grant date, and;

PBRSUs that will be earned pursuant to the pre-established target range of Adjusted EBITDA net of NCI, as discussed above.

The target RSUs and PBRSUs granted to each of our named executive officers on March 21, 2024 were as follows:

Marc D. Miller - 22,755 time-based RSUs and 28,446 PBRSUs.

Alan B. Miller - 11,966 time-based RSUs and 14,959 PBRSUs.

Steve G. Filton - 5,792 time-based RSUs and 7,240 PBRSUs.

Edward H. Sim - 5,415 time-based RSUs and 6,769 PBRSUs.

Matthew J. Peterson - 4,758 time-based RSUs and 5,948 PBRSUs.

In determining the number of RSUs and