Company: UHS
Filing Date: 2025-04-03
Form Type: DEF 14A
Source: 0000950170-25-049925
Chunk: 29

Company: UNIVERSAL HEALTH SERVICES INC
Filing Date: 2025-04-03
Form: DEF 14A
Chunk 29
---
% of the non-management members of the Board of Directors within the last seven years. The Board of Directors has three female members, one of whom, Eileen McDonnell, serves as lead director and one of whom is a member of an underrepresented minority group.

Conclusion

The Board of Directors believes that the proposal’s request for the Company to take action to declassify the Board of Directors is unnecessary and will eliminate the benefits of a classified board discussed above. The Board of Directors, therefore, recommends a vote AGAINST this proposal.

| 18                                                   |
| Universal Health Services, Inc. 2025 Proxy Statement |

| Proposal No. 3 |

Vote Required

The affirmative vote of the holders of a majority of the Common Stock votes present in person or represented by proxy and entitled to vote on the matter is required for the approval of the stockholder proposal. Abstentions from voting on this proposal will have the practical effect of a vote against this proposal because an abstention results in one less vote for the proposal. Broker non-votes will have no effect on the outcome of the vote.

| THE BOARD RECOMMENDS STOCKHOLDERS VOTE “AGAINST” THE STOCKHOLDER PROPOSAL TO ELECT EACH DIRECTOR ANNUALLY DESCRIBED IN PROPOSAL NO. 3. |

| 19                                                   |
| Universal Health Services, Inc. 2025 Proxy Statement |

EXECUTIVE COMPENSATION

CompensationDiscussion and Analysis

The following Compensation Discussion and Analysis describes the 2024 compensation program for our named executive officers. For 2024, our named executive officers were:

| Marc D. MillerChief Executive Officer, President and Director                |                                                                       | Alan B. MillerExecutive Chairman of the Board and Founder |                                                                                     |
| Steve G. FiltonExecutive Vice President,Chief Financial Officer andSecretary | Edward H. SimExecutive VicePresident,President of Acute Care Division |                                                           | Matthew J. PetersonExecutive Vice President,President of Behavioral Health Division |

Table of Contents

| Compensation Discussion and Analysis                        | 20 |
| Our 2024 Performance and Highlights                         | 21 |
| Our Executive Officers                                      | 22 |
| Compensation Philosophy and Objectives                      | 23 |
| Compensation Setting Process                                | 23 |
| Elements of Compensation                                    | 24 |
| Compensation Peer Group                                     | 24 |
| Annual Base Salary                                          | 24 |
| Annual Cash Incentives                                      | 24 |
| Long-Term Incentives                                        | 27 |
|