Form 4: ATI Physical Therapy Executive Eimile Tansey Reports Stock Transaction
SEC Form 4 Filing
Eimile Tansey, Chief People Officer at ATI Physical Therapy, reports the withholding of shares to cover tax obligations upon vesting of Restricted Stock Units.
Summary
- On March 22, 2024, Eimile Tansey, Chief People Officer of ATI Physical Therapy, Inc., had 2,873 shares of Class A Common Stock withheld by the issuer to satisfy tax obligations upon the vesting of Restricted Stock Units (RSUs) at a price of $6.08.
- Following the transaction, Tansey directly owns 29,038 shares of Class A Common Stock.
- Tansey also holds options to purchase 3,112 shares of Class A Common Stock at an exercise price of $47, exercisable between September 2, 2023, and September 2, 2032.
- The reported transactions reflect adjustments due to a 1-for-50 reverse stock split that occurred on June 14, 2023.
- There are 20,791 unvested RSUs.
Sentiment
Score: 5
Explanation: This is a neutral report of a routine transaction. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
This Form 4 filing is a routine disclosure related to insider transactions and is a standard practice for publicly traded companies. It provides transparency into the trading activities of company executives.
Comparison to Industry Standards
- Form 4 filings are standard practice across all publicly listed companies, including competitors of ATI Physical Therapy.
- The reporting requirements are governed by the Securities and Exchange Commission (SEC) and apply uniformly to all companies and their insiders.
- The reverse stock split is a corporate action that is not uncommon among companies seeking to improve their stock price or meet listing requirements; many companies have undertaken similar actions.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders.
- It provides transparency to shareholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| 06/14/2023 | Issuer effected a reverse stock split of its common stock at a ratio of 1-for-50. |
| 09/02/2023 | Date from which stock options are exercisable. |
| 03/22/2024 | Date of the reported transaction where shares were withheld for tax obligations. |
| 03/26/2024 | Date of signature for the Form 4 filing. |
| 09/02/2032 | Expiration date of stock options. |
Keywords
Form 4, Beneficial Ownership, Insider Trading, Eimile Tansey, ATI Physical Therapy, ATIP, Stock Transaction, Restricted Stock Units, RSUs, Tax Withholding, Reverse Stock Split, Stock Options
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