Form 4: ATI Physical Therapy CFO Reports Tax Withholding Transaction

Joseph Francis Jordan, CFO of ATI Physical Therapy, reports a transaction involving the withholding of shares to cover tax obligations upon vesting of restricted stock units and awards.

Summary

• On March 22, 2024, Joseph Francis Jordan, the Chief Financial Officer of ATI Physical Therapy, Inc. (ATIP), had 6,956 shares of Class A Common Stock withheld by the issuer to satisfy tax withholding obligations upon the vesting of his Restricted Stock Units (RSUs) and Restricted Stock Awards (RSAs).
• The price per share was $6.08.
• Following the transaction, Jordan directly owns 43,852 shares of Class A Common Stock.
• Jordan holds 30,856 unvested RSUs and 225 unvested RSAs.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to tax withholding, and does not contain information that would significantly impact investor sentiment positively or negatively.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it reflects a change in the CFO's holdings due to tax obligations.

Key Dates

Keywords

Form 4, ATI Physical Therapy, Joseph Francis Jordan, CFO, tax withholding, restricted stock units, RSUs, restricted stock awards, RSAs, beneficial ownership, ATIP