Form 4: ATI Physical Therapy Executive Awarded Stock Options
SEC Form 4
Eimile Tansey, Chief People Officer of ATI Physical Therapy, received stock options with varying exercise prices and vesting schedules.
Summary
- Eimile Tansey, Chief People Officer at ATI Physical Therapy, was granted 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 further stock option grant was awarded on September 2, 2022 with an exercise price of $47.
- The options vest in three equal installments on April 1, 2025, April 1, 2026, and April 1, 2027, contingent upon continued service.
- The options expire on August 20, 2034.
- The stock option awarded on September 2, 2022 vests in three equal installments on the first three anniversaries of September 2, 2022.
- The reporting person directly owns 51,948, 100,784, 149,620 and 247,292 stock options with exercise prices of $10, $12.5, $25, and $50 respectively.
- The reporting person directly owns 3,112 stock options with an exercise price of $47.
Sentiment
Score: 7
Explanation: The sentiment is neutral to positive as the granting of stock options is a standard practice and indicates confidence in the executive's ability to contribute to the company's success.
Positives
- The granting of stock options to the Chief People Officer aligns her interests with those of the shareholders.
- The vesting schedule encourages continued service and commitment to the company.
Industry Context
Stock option grants are a common practice in publicly traded companies to incentivize and retain key executives.
Comparison to Industry Standards
- Stock option grants are a standard component of executive compensation packages in the healthcare and physical therapy industries.
- Companies like Select Medical Holdings Corporation and U.S. Physical Therapy, Inc. 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 aligns executive interests with company performance.
- Employees may be motivated by the potential for future stock option grants based on performance.
Key Dates
| Date | Description |
|---|---|
| 2022-09-02 | Date of stock option grant with an exercise price of $47. |
| 2023-06-14 | Date of reverse stock split at a ratio of 1-for-50. |
| 2024-08-20 | Date of stock option grant with exercise prices of $10, $12.5, $25, and $50. |
| 2025-04-01 | First vesting date for one-third of the stock options granted on August 20, 2024. |
| 2026-04-01 | Second vesting date for one-third of the stock options granted on August 20, 2024. |
| 2027-04-01 | Third vesting date for one-third of the stock options granted on August 20, 2024. |
| 2034-08-20 | Expiration date of the stock options granted on August 20, 2024. |
Keywords
stock options, ATI Physical Therapy, executive compensation, Eimile Tansey, Form 4, ATIP
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