Company: UHS
Filing Date: 2025-04-03
Form Type: DEF 14A
Source: 0000950170-25-049925
Chunk: 37

Company: UNIVERSAL HEALTH SERVICES INC
Filing Date: 2025-04-03
Form: DEF 14A
Chunk 37
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 Directors, transitioned to the role of Executive Chairman of the Board of Directors effective January 1, 2021. In connection with his role as Executive Chairman, Mr. Alan B. Miller does not participate in the Plan, however, he may be entitled to bonuses and other compensation (including discretionary annual incentive bonuses) as may be determined by the Compensation Committee.

With respect to:

Messrs. Marc D. Miller and Filton – 100% of their annual incentive target bonus for 2024 was based upon the corporate performance criteria, as described below.

Messrs. Sim and Peterson – their 2024 annual incentive target bonus was based upon:

25% of their annual salary based upon the achievement of the corporate performance criteria, and;

75% of their annual salary based upon the achievement of the divisional income targets, as described below.

The following table shows each executive officer’s target bonus as a percentage of their base salary for 2024.

| Name                |     | Title                                                             |     | Target Incentive 
 Bonus Award      
 as a % of salary |     |   |
| Marc D. Miller      |     | Chief Executive Officer and President                             |     |                  | 150 | % |
| Steve G. Filton     |     | Executive Vice President and Chief Financial Officer              |     |                  | 100 | % |
| Edward H. Sim       |     | Executive Vice President and President-Acute Care Division        |     |                  | 100 | % |
| Matthew J. Peterson |     | Executive Vice President and President-Behavioral Health Division |     |                  | 100 | % |

As part of our peer company compensation review for executive officers as discussed above inAnnual Base Salary, we also target the median (50thpercentile) market rate from our compensation peer group and the broader general industry data when determining each officer’s target annual incentive. Actual cash incentive awards, however, appropriately vary from this targeted level based upon performance, consistent with our pay for performance philosophy, and are detailed in the Summary Compensation Table in this Proxy Statement. The Compensation Committee believes that the annual incentive opportunities offered to our NEOs are appropriate to facilitate our ability to attract, retain, motivate and reward our named executive officers, and that actual incentive payouts appropriately reflect the Company’s performance.

2024 Annual Cash Incentive Targets:

Target Corporate Performance Criteria:

On February 27, 2024, we publicly announced that our initial estimated range of adjusted net income per diluted share attributable to UHS for