Form 4: ATI Physical Therapy: Chief Information Officer Awarded Stock Options
SEC Form 4
Augustus Oakes, Chief Information Officer of ATI Physical Therapy, was granted stock options on August 20, 2024.
Summary
- Augustus Oakes, the Chief Information Officer of ATI Physical Therapy, received 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 294,180 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.
Sentiment
Score: 7
Explanation: The document indicates standard executive compensation practices, which is generally viewed neutrally to positively as it aligns management interests with shareholders.
Positives
- The stock option grant aligns the executive's interests with those of the shareholders.
- Vesting is tied to continued service, incentivizing retention.
Industry Context
Stock option grants are a common practice in the industry to incentivize and retain key executives.
Stakeholder Impact
- Shareholders may view the stock option grant as a positive incentive for the CIO.
- Employees may see this as a sign of investment in leadership.
Key Dates
| Date | Description |
|---|---|
| 08/20/2024 | Date of stock option grant |
| 08/20/2034 | Expiration date of stock options |
| 04/01/2025 | First vesting date for stock options |
| 04/01/2026 | Second vesting date for stock options |
| 04/01/2027 | Third vesting date for stock options |
| 08/22/2024 | Date of Form 4 filing |
Keywords
stock options, ATI Physical Therapy, Augustus Oakes, Chief Information Officer, equity compensation, Form 4
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