Form 4: ATI Physical Therapy Executive Erik Kantz Reports Tax Withholding Transaction
SEC Form 4
Chief Legal Officer Erik Kantz reports the withholding of shares to cover tax obligations upon vesting of restricted stock units and awards.
Summary
- On March 22, 2024, Erik Kantz, Chief Legal Officer of ATI Physical Therapy, Inc., had 1,437 shares of Class A Common Stock withheld by the issuer to satisfy tax obligations.
- The shares were withheld at a price of $6.08.
- Following the transaction, Kantz beneficially owns 14,808 shares of Class A Common Stock directly.
- Kantz also holds 10,043 unvested Restricted Stock Units (RSUs) and 53 unvested Restricted Stock Awards (RSAs).
Sentiment
Score: 5
Explanation: This is a neutral report on a routine transaction related to executive compensation and tax obligations.
Industry Context
This is a routine disclosure related to executive compensation and tax obligations, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minimal direct impact on shareholders, as it relates to tax obligations of an executive.
Key Dates
| Date | Description |
|---|---|
| 03/22/2024 | Date of transaction: Shares withheld for tax obligations. |
| 03/26/2024 | Date of signature on the Form 4. |
Keywords
Form 4, Beneficial Ownership, ATI Physical Therapy, Erik Kantz, Tax Withholding, Restricted Stock Units, Restricted Stock Awards, ATIP, Class A Common Stock
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