Form 4: ATI Physical Therapy Director Daniel Dourney Awarded Stock Options

Director Daniel Dourney receives stock options in ATI Physical Therapy, Inc. with varying exercise prices and vesting schedules.

Summary

• Daniel Dourney, a director at ATI Physical Therapy, Inc., was granted stock options on August 20, 2024.
• The options are for Class A Common Stock and have exercise prices ranging from $10 to $87.
• A total of 31,274 options were granted on August 20, 2024, with an additional 1,070 options granted previously.
• The options granted on August 20, 2024, have exercise prices of $10 (6,255 options), $12.50 (6,255 options), $25 (6,255 options), and $50 (12,509 options).
• One-third of the options granted on August 20, 2024, vest on each of April 1, 2025, April 1, 2026, and April 1, 2027, subject to continued service.
• The options granted previously have an exercise price of $87 and vest in three equal installments on the anniversaries of March 7, 2022.
• All options expire on August 20, 2034, except for the 1,070 options which expire on March 7, 2032.

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 granting of stock options aligns the director's interests with those of the shareholders.
• The vesting schedule encourages continued service and commitment to the company.

Future Outlook

The document does not contain specific forward-looking statements, but the vesting schedule implies an expectation of continued service from the director.

Industry Context

Stock option grants are a common practice in the healthcare industry to incentivize 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 physical therapy and healthcare services sectors.
• Companies like US Physical Therapy, Inc. (USPH) and Select Medical Holdings Corp. (SEM) also utilize stock options as part of their executive compensation plans.
• The vesting schedules and exercise prices are generally aligned with industry norms to incentivize long-term performance and retention.

Stakeholder Impact

• Shareholders may view the stock option grant positively as it incentivizes the director to work towards increasing shareholder value.
• Employees may see this as a positive sign of the company investing in its leadership.

Key Dates

Keywords

stock options, director, ATI Physical Therapy, ATIP, beneficial ownership, Form 4, Daniel Dourney, equity securities