Company: UHS
Filing Date: 2025-04-03
Form Type: DEF 14A
Source: 0000950170-25-049925
Chunk: 39

Company: UNIVERSAL HEALTH SERVICES INC
Filing Date: 2025-04-03
Form: DEF 14A
Chunk 39
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 settlements, legal judgments and lawsuits, costs related to extinguishment of debt, gains/losses on sales of assets and businesses and other amounts that may be reflected in the current year financial statements that related to prior periods. The Targets were adjusted from prior years to correlate to the range of our initial estimated 2024 adjusted net income per diluted share attributable to UHS, as publicly disclosed on February 27, 2024.

Target Divisional Performance Criteria:

Also on March 21, 2024, the Compensation Committee approved the specific bonus formulae based upon the achievement of the divisional income targets pursuant to the Plan for the year ended December 31, 2024. Messrs. Sim and Peterson were each entitled to receive between 0% and 200% of their target bonus that was based on the divisional results (75%).

The divisional income targets consist of the projected aggregate pre-tax income for our acute care segment and our behavioral health care services segment (excluding our facilities located in the U.K.), net of certain deductions which consist primarily of a charge for the estimated cost of capital. The divisional income targets may be adjusted to include or exclude the impact of items, if applicable and material, that are, among other things, nonrecurring or non-operational in nature.

For 2024, the divisional income targets were as follows:

Acute Care : The divisional income target was determined to be $179.9 million and Mr. Sim was eligible to receive the applicable portion of his cash incentive (75%) at various increments ranging from 0% based upon the achievement of acute care divisional income of $161.9 million or less, up to 200% based upon the achievement of acute care divisional income of $197.9 million or greater.

Behavioral Health Care : The divisional income target was determined to be $443.1 million and Mr. Peterson was eligible to receive the applicable portion of his cash incentive (75%) at various increments ranging from 0% based upon the achievement of behavioral health care divisional income of $398.7 million or less, up to 200% based upon the achievement of behavioral health care divisional income of $487.4 million or greater.

2024 Actual Annual Cash Incentive Results:

On March 19, 2025, the Compensation Committee determined that, based upon our actual corporate and divisional operating results during the year ended December 31, 2024, the corporate and divisional financial results were achieved as follows: