Form 4: ATI Physical Therapy Executive Erik Kantz Reports Tax Withholding Transaction

Chief Legal Officer Erik Kantz of ATI Physical Therapy, Inc. reports the withholding of shares to cover tax obligations upon vesting of restricted stock units and awards.

Summary

• On March 7, 2024, Erik Kantz, Chief Legal Officer of ATI Physical Therapy, Inc., reported a transaction involving Class A Common Stock.
• The transaction involved the withholding of 84 shares by the issuer to satisfy tax obligations upon the vesting of restricted stock units (RSUs) and restricted stock awards (RSAs).
• The price per share was $6.78.
• Following the transaction, Kantz beneficially owns 16,257 shares of Class A Common Stock directly.
• Kantz also holds 14,945 unvested RSUs and 111 unvested RSAs.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing a standard tax withholding transaction, indicating a neutral sentiment.

Industry Context

Form 4 filings are standard practice for company insiders to report transactions in their company's stock, providing transparency to investors.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it involves a small number of shares withheld for tax purposes.

Key Dates

Keywords

Form 4, ATI Physical Therapy, Erik Kantz, Chief Legal Officer, Stock Transaction, Tax Withholding, Class A Common Stock, RSU, RSA, Beneficial Ownership