Form 4: ATI Physical Therapy CFO Awarded Stock Options
SEC Form 4
Joseph Francis Jordan, CFO of ATI Physical Therapy, received stock options on August 20, 2024.
Summary
- Joseph Francis Jordan, the Chief Financial Officer of ATI Physical Therapy, Inc., was granted stock options on August 20, 2024.
- The options are for Class A Common Stock and have exercise prices of $10, $12.5, $25, and $50.
- A total of 325,575 options were granted.
- The options vest in three equal installments on April 1, 2025, April 1, 2026, and April 1, 2027, contingent upon continued service.
- The options expire on August 20, 2034.
Sentiment
Score: 7
Explanation: The document reflects a standard executive compensation practice, which is generally viewed neutrally to positively as it aligns management interests with shareholders.
Positives
- The grant of stock options to the CFO aligns his interests with those of the shareholders.
- The vesting schedule encourages continued service and commitment from the CFO.
Future Outlook
The document does not contain specific forward-looking statements beyond the vesting schedule of the stock options.
Industry Context
Stock option grants are a common form of executive compensation in the healthcare and physical therapy industry, used to incentivize performance and retain key personnel.
Comparison to Industry Standards
- Stock option grants are a typical component of executive compensation packages in publicly traded companies, including those in the healthcare sector.
- The vesting schedule of three years is also a common practice to ensure long-term commitment.
- Comparable companies in the healthcare services industry, such as Option Care Health or US Physical Therapy, also utilize stock options as part of their executive compensation plans.
Stakeholder Impact
- Shareholders may view the stock option grant as a positive incentive for the CFO to drive company performance.
- Employees may see this as a sign of the company's commitment to its leadership team.
Key Dates
| Date | Description |
|---|---|
| 08/20/2024 | Date of transaction (grant of stock options) |
| 04/01/2025 | First vesting date for one-third of the stock options |
| 04/01/2026 | Second vesting date for one-third of the stock options |
| 04/01/2027 | Third vesting date for one-third of the stock options |
| 08/20/2034 | Expiration date of the stock options |
Keywords
stock options, ATI Physical Therapy, CFO, Joseph Francis Jordan, equity, compensation, vesting
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