Baker Acquires 15 Dividend-Equivalent Shares at UNH

Charles D. Baker, director at UnitedHealth Group (UNH), has received dividend-equivalent shares as part of his compensation package. On September 22, 2026, he acquired 15 common shares, which were immediately vested and subject to the same terms as the underlying deferred stock units.

The total number of UNH shares Baker holds directly after this transaction is 2,411. Dividend equivalents are a type of payment tied to employee or contractor equity awards that mirror cash dividends paid on the company's stock, providing the holder with similar economic benefits without transferring actual shares.

Deferred stock units, which function like delayed compensation, allow employees to earn shares over time and represent potential future ownership in the company. However, they do not provide immediate voting rights or dividends until the shares are actually received.