Universal Health Services Inc. has approved amendments to the employment agreement of CEO and President Marc D. Miller. Under the amended agreement, long-term stock-based incentive awards granted during or before his tenure as CEO will become fully vested if his employment ends, except if he is terminated for cause or resigns voluntarily without a breach by the company. In cases of termination without cause, material change in duties, or other breaches by the company, Miller will continue to receive all cash compensation, long-term equity incentive compensation, and benefits for the remainder of his employment term, with accelerated vesting of long-term incentive awards. The company will also continue paying premiums for his long-term disability insurance. Severance benefits may be conditioned on Miller executing a general release in favor of the company.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Universal Health Services Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-25-337662), on December 31, 2025, and is solely responsible for the information contained therein.
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