Company: UHS
Filing Date: 2025-04-03
Form Type: DEF 14A
Source: 0000950170-25-049925
Chunk: 64

Company: UNIVERSAL HEALTH SERVICES INC
Filing Date: 2025-04-03
Form: DEF 14A
Chunk 64
---
 the terminated employment agreement, and are guaranteed by the Company. Pursuant to the terms of the employment agreement, Alan B. Miller will serve as Executive Chairman with a term scheduled to end on January 1, 2027, subject, however, to earlier termination, and subject further to automatic renewal for additional one year periods unless either party elects otherwise.

Mr. Alan B. Miller’s salary as our Executive Chairman will be $1,125,000 for 2025 which is a 4.0% increase over his 2024 base salary. Additionally, Mr. Alan Miller may also be entitled to bonuses and other compensation as may from time to time be determined by the Board of Directors. Mr. Alan B. Miller will also be eligible to receive annual awards under the Company’s LTIP as in effect from time to time, which will be subject to conditions as are consistent with terms and conditions applicable to LTIP awards made to other senior executives of the Company, subject to certain acceleration rights upon a qualifying termination of employment as set forth in his employment agreement.

Mr. Alan B. Miller participates in benefit plans and programs that are made available to other employees and he receives certain executive perquisites, including, but not limited to, split dollar life insurance benefits, payment of certain automobile costs, payment of country club dues, tax and accounting services, use of a private plane for personal purposes for up to 60 hours per year, subject to reimbursement by Mr. Alan B. Miller of the incremental costs incurred at market rates, and such other fringe benefits as the Compensation Committee of our Board of Directors may determine (as discussed in theCompensation Discussion and Analysis).

For a further description of the employment agreement, please refer to thePotential Payments Upon Termination or Change-in-Controlsection below. For a further description of the compensation setting process with respect to Mr. Alan B. Miller, please refer to theCompensation Discussion and Analysissection above. For a further description of Mr. Alan B. Miller’s benefits under the Company’s Executive Retirement Income Plan, please refer to thePension Benefitssection below.

| 37                                                   |
| Universal Health Services, Inc. 2025 Proxy Statement |

OUTSTANDING EQUITY AWARDS AT

DECEMBER 31, 2024

The following table provides information about the number of outstanding equity awards held by our named executive officers at December 31, 2024.

| Name                |     | Option Awards (1.) 
 Number of          
 Securities         
 Underlying         
 Unexerc