Company: UHS
Filing Date: 2025-04-03
Form Type: DEF 14A
Source: 0000950170-25-049925
Chunk: 38

Company: UNIVERSAL HEALTH SERVICES INC
Filing Date: 2025-04-03
Form: DEF 14A
Chunk 38
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 2024 was $13.00 to $14.00. In July of 2024, based upon our actual operating results experienced during the first six months of 2024, we publicly disclosed an increase to our previously disclosed estimated range of adjusted net income per diluted share attributable to UHS for 2024 (increased the lower end of the range to $15.40 per diluted share from $13.00 per diluted share; while the upper end of

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| Universal Health Services, Inc. 2025 Proxy Statement |

| Executive Compensation |

the range was increased to $16.20 per diluted share from $14.00 per diluted share). However, our annual incentive performance targets were not impacted by this publicly disclosed revision.

On March 21, 2024, the Compensation Committee approved specific bonus formulae for the determination of annual incentive compensation for our NEOs pursuant to the Plan for the year ending December 31, 2024. For 2024, our NEOs were eligible to receive the applicable portion of their annual cash incentive (which were based on the corporate performance criteria) at various increments ranging from 0% of their bonus target award (based upon the achievement of a Target of adjusted net income per diluted share attributable to UHS of $12.14 or less, and Return on Capital of 7.1% or less) up to 200% of their annual cash incentive target award (based upon the achievement of a Target of adjusted net income per diluted share attributable to UHS of $14.85 or greater and Return on Capital of 8.8% or greater). The 2024 Target of adjusted net income per diluted share attributable to UHS, which represented the approximate midpoint within the publicly disclosed range of our projected consolidated earnings per diluted share estimate for the year, was $13.50 per diluted share. The 2024 Return on Capital Target was 8.0%

The adjusted net income per diluted share attributable to UHS excludes, among potentially other things, if applicable and material and/or nonrecurring or non-operational in nature, the impact of changes in the market value of shares of certain equity securities, the impact on our provision for income taxes recorded pursuant to "ASU 2016-09", Compensation-Stock Compensation: Improvements to Employee Share-Based Payment Accounting, net of the impact of executive compensation limitations pursuant to IRC section 162(m), impairments of goodwill, long-lived and intangible assets, reserves for various matters including