Form 4: ATI Physical Therapy CFO Sells Shares to Cover Tax Obligations

ATI Physical Therapy's Chief Financial Officer, Joseph Francis Jordan, sold 230 shares of Class A Common Stock to cover tax obligations related to vesting restricted stock units.

Summary

• Joseph Francis Jordan, the Chief Financial Officer of ATI Physical Therapy, sold 230 shares of Class A Common Stock on November 23, 2024.
• The sale was executed at a price of $1.82 per share.
• This transaction was to cover tax withholding obligations related to the vesting of restricted stock units (RSUs) and restricted stock awards (RSAs).
• Following the transaction, Mr. Jordan directly owns 43,622 shares of Class A Common Stock.
• Mr. Jordan currently holds 30,370 unvested RSUs and no unvested RSAs.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction related to tax obligations, which is neither positive nor negative for the company's overall outlook.

Industry Context

This is a routine transaction for company executives who receive stock-based compensation. It is common for executives to sell shares to cover tax obligations when stock options or restricted stock units vest.

Comparison to Industry Standards

• Executives at publicly traded companies often sell shares to cover tax liabilities related to stock-based compensation.
• The sale of 230 shares by the CFO is a relatively small transaction and is not unusual.
• Similar transactions are regularly reported by executives at other companies in the healthcare sector and across various industries.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a small sale by an executive to cover tax obligations.

Key Dates

Keywords

ATI Physical Therapy, insider trading, Form 4, Joseph Francis Jordan, stock sale, restricted stock units, tax obligations, CFO