Form 4: ATI Physical Therapy Executive Rhodes Reports Tax Withholding Transaction

Brent Michael Rhodes, Chief Accounting Officer of ATI Physical Therapy, reports a transaction involving the withholding of shares to cover tax obligations upon vesting of restricted stock units and awards.

Summary

• On March 7, 2024, Brent Michael Rhodes, the Chief Accounting Officer of ATI Physical Therapy, Inc., had 100 shares of Class A Common Stock withheld by the issuer to satisfy tax withholding obligations.
• The price per share was $6.78.
• Following the transaction, Rhodes beneficially owns 11,101 shares of Class A Common Stock directly.
• Rhodes also holds 10,582 unvested Restricted Stock Units (RSUs) and 138 unvested Restricted Stock Awards (RSAs).

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing related to stock transactions for tax purposes, indicating a neutral sentiment.

Industry Context

This filing is a routine disclosure related to executive compensation and tax obligations, common in publicly traded companies.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it involves the withholding of shares for tax purposes, which is a normal part of executive compensation.

Key Dates

Keywords

Form 4, ATI Physical Therapy, Brent Michael Rhodes, Chief Accounting Officer, Tax Withholding, Class A Common Stock, Restricted Stock Units, RSUs, Restricted Stock Awards, RSAs