BENKOWITZ MICHAEL (PRESIDENT AND COO) exercised options at UNITED THERAPEUTICS CORP
Option exercise — a mechanical event triggered by vesting or expiry. Not a discretionary conviction trade.
M · 2 exercises
Filed: 3/17/2026ACC: 0001673232-26-000013
Officer· PRESIDENT AND COO
Since Mar 2023
-14.71K
Net shares
Net seller
$7.88M
Total sold
0
Open market trades
0B · 0S
6
Total transactions
33.38K acquired · 48.09K disposed
Non-Derivative Transactions4
Common Stock
Indirect
Shares
+17.79K
Price / share
—
Trade value
—
% of position
New position
3/15/2026
0.00→17.79K
Common Stock
Indirect
Shares
+15.59K
Price / share
—
Trade value
—
% of position
85.9%
3/15/2026
18.16K→33.75K
Common Stock
Indirect
Shares
−7.84K
Price / share
$536.12
Trade value
$4.20M
% of position
23.2%
3/15/2026
33.75K→25.91K
Common Stock
Indirect
Shares
−6.87K
Price / share
$536.12
Trade value
$3.68M
% of position
26.5%
3/15/2026
25.91K→19.05K
Total
Net shares
+18.68K
Net value
-$7.88M
| Security | Date | Type | Shares | Price / Share | Trade Value | % of Position | Held Before | Held After |
|---|---|---|---|---|---|---|---|---|
| Common Stock Indirect | 3/15/2026 | M · Option Exercise | +17.79K | — | — | New position | 0.00 | 17.79K |
| Common Stock Indirect | 3/15/2026 | M · Option Exercise | +15.59K | — | — | 85.9% | 18.16K | 33.75K |
| Common Stock Indirect | 3/15/2026 | F · Tax Withholding | −7.84K | $536.12 | $4.20M | 23.2% | 33.75K | 25.91K |
| Common Stock Indirect | 3/15/2026 | F · Tax Withholding | −6.87K | $536.12 | $3.68M | 26.5% | 25.91K | 19.05K |
| Total | +18.68K | -$7.88M | ||||||
Derivative Transactions2
Restricted Stock Units
Indirect
Converts to
Common Stock
17.79K shares
Shares
−17.79K
Strike price
Held after
0.00
Exercisable
—
3/15/2026
Restricted Stock Units
Indirect
Converts to
Common Stock
15.59K shares
Shares
−15.59K
Strike price
Held after
0.00
Exercisable
—
3/15/2026
| Security | Converts To | Date | Type | Shares | Strike Price | Exercisable | Held After |
|---|---|---|---|---|---|---|---|
| Restricted Stock Units Indirect | Common Stock17.79K shares | 3/15/2026 | M · Option Exercise | −17.79K | — | 0.00 | |
| Restricted Stock Units Indirect | Common Stock15.59K shares | 3/15/2026 | M · Option Exercise | −15.59K | — | 0.00 |
Non-Derivative Holdings (Post-Transaction)1
Common Stock
DirectShares owned2.71K
Total
2.71K direct2.71K
| Security Title | Shares Owned | Ownership Type |
|---|---|---|
| Common Stock | 2.71K | Direct |
| Total | 2.71K | 2.71K direct |
Derivative Holdings (Post-Transaction)0
No derivative holdings reported