Form 4: ATI Physical Therapy Director Jeff Goldberg Acquires Stock Options
SEC Form 4
Director Jeff Goldberg acquired stock options in ATI Physical Therapy, Inc. with varying exercise prices and vesting schedules.
Summary
- Jeff Goldberg, a director of ATI Physical Therapy, Inc., acquired stock options on August 20, 2024.
- The options are for Class A Common Stock.
- He acquired 6,255 options with an exercise price of $10, 6,255 options with an exercise price of $12.5, 6,255 options with an exercise price of $25, and 12,509 options with an exercise price of $50.
- All options expire on August 20, 2034.
- One-third of the stock options vest on April 1, 2025, April 1, 2026, and April 1, 2027, subject to continued service.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a routine filing related to stock option grants, which is a common practice. The acquisition of options by a director can be seen as a slightly positive sign, indicating confidence in the company, but it's not a major event.
Positives
- The acquisition of stock options by a director could be seen as a positive sign, indicating confidence in the company's future performance.
Industry Context
Stock option grants are a common form of executive compensation in the physical therapy and healthcare services industry, aligning management's interests with those of shareholders.
Comparison to Industry Standards
- Stock option grants are a typical component of compensation packages for directors and executives in publicly traded companies.
- The vesting schedule of one-third per year over three years is also a common practice.
- Comparable companies in the healthcare services sector, such as Select Medical Holdings Corporation and U.S. Physical Therapy, Inc., also utilize stock options as part of their executive compensation plans.
Stakeholder Impact
- The stock option grant could potentially incentivize the director to work towards increasing shareholder value.
- Employees may view the grant as a positive sign of the company's commitment to its leadership.
Key Dates
| Date | Description |
|---|---|
| 08/20/2024 | Date of transaction: Jeff Goldberg acquired stock options. |
| 08/20/2024 | Date of grant: Stock options granted with exercise prices of $10, $12.5, $25, and $50. |
| 04/01/2025 | First vesting date: One-third of the stock options vest. |
| 04/01/2026 | Second vesting date: Another one-third of the stock options vest. |
| 04/01/2027 | Final vesting date: The remaining one-third of the stock options vest. |
| 08/20/2034 | Expiration date: All stock options expire. |
| 08/22/2024 | Date of filing: Form 4 filing date. |
Keywords
stock options, director, acquisition, ATI Physical Therapy, ATIP, Jeff Goldberg
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