Three top executives at Universal Health Services, including its CEO, CFO, and executive vice president of behavioral health services, received higher overall compensation in 2024, compared to 2023, according to an April 3 proxy statement filed with the Securities and Exchange Commission.
The King of Prussia, Pa.-based health system reported a strong financial year, with operating income rising to $1.7 billion (10.6% margin) from $1.2 billion (8.2% margin) in 2023. Net income grew to $1.1 billion from $717.8 million the prior year.
UHS operates 28 acute care hospitals, 331 inpatient behavioral health facilities, 60 outpatient sites, an insurance offering, and a physician network across 39 states, Washington, D.C., the U.K., and Puerto Rico.
Here are UHS’ five highest-earning executives in 2024:
1. Marc Miller, CEO and president
- Salary: $1,406,154
- Stock awards: $9,255,605
- Option awards: $0
- Non-equity incentive plan compensation: $4,218,462
- Change in pension value and nonqualified deferred compensation: $81,123
- Other compensation: $60,492
- Total 2024 compensation: $15,021,836
- Total 2023 compensation: $14,407,937
2. Alan Miller, executive chair
- Salary: $1,081,642
- Bonus: $1,081,642
- Stock awards: $4,867,232
- Option awards: $0
- Non-equity incentive plan compensation: $0
- Change in pension value and nonqualified deferred compensation: $ 0
- Other compensation: $901,430
- Total 2024 compensation: $7,931,946
- Total 2023 compensation: $8,369,731
3. Steve Filton, executive vice president and CFO
- Salary: $859,766
- Bonus: $0
- Stock awards: $2,355,795
- Option awards: $0
- Non-equity incentive plan compensation: $1,719,532
- Change in pension value and nonqualified deferred compensation: $49,602
- Other compensation: $17,438
- Total 2024 compensation: $5,002,133
- Total 2023 compensation: $4,650,157
4. Edward Sim, executive vice president and president of acute care
- Salary: $806,93
- Bonus: $0
- Stock awards: $2,202,502
- Option awards: $0
- Non-equity incentive plan compensation: $1,613,870
- Change in pension value and nonqualified deferred compensation: $46,502
- Other compensation: $18,638
- Total 2024 compensation: $4,688,447
- Total 2023 compensation: $5,469,137
5. Matthew Peterson, executive vice president and president of behavioral health
- Salary: $725,428
- Bonus: $0
- Stock awards: $1,935,324
- Option awards: $0
- Non-equity incentive plan compensation: $1,450,856
- Change in pension value and nonqualified deferred compensation: $41,852
- Other compensation: $20,521
- Total 2024 compensation: $4,173,981
- Total 2023 compensation: $4,049,604
