Form 4: U.S. Physical Therapy CFO Carey Hendrickson Reports Gift of Shares
SEC Form 4
Carey Hendrickson, CFO of U.S. Physical Therapy, reported a gift of shares, resulting in a slightly reduced beneficial ownership.
Summary
- On May 20, 2024, Carey Hendrickson, the Chief Financial Officer of U.S. Physical Therapy Inc., reported a transaction involving the company's common stock.
- Hendrickson gifted 143 shares and then 58 shares of common stock.
- Following the transaction, Hendrickson directly owns 20,985 shares of U.S. Physical Therapy Inc.
- Included in the total are 13,930 shares granted as restricted stock under the company's 2003 Stock Incentive Plan, which vest in installments through January 2028, contingent on continued employment as an officer.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and ownership, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minimal impact on shareholders, as it involves a small number of shares.
Key Dates
| Date | Description |
|---|---|
| 05/20/2024 | Date of the stock gift transaction. |
| 05/21/2024 | Date of signature on the Form 4 filing. |
| July 1, 2024 | Vesting date for 1,438 restricted shares. |
| October 1, 2024 | Vesting date for 1,446 restricted shares. |
| January 1, 2025 | Vesting date for 1,209 restricted shares. |
| April 1, 2025 | Vesting date for 1,208 restricted shares. |
| July 1, 2025 | Vesting date for 1,208 restricted shares. |
| October 1, 2025 | Vesting date for 1,208 restricted shares. |
| January 1, 2026 | Vesting date for 1,221 restricted shares. |
| April 1, 2026 | Vesting date for 740 restricted shares. |
| July 1, 2026 | Vesting date for 740 restricted shares. |
| October 1, 2026 | Vesting date for 740 restricted shares. |
| January 1, 2027 | Vesting date for 747 restricted shares. |
| April 1, 2027 | Vesting date for 506 restricted shares. |
| July 1, 2027 | Vesting date for 506 restricted shares. |
| October 1, 2027 | Vesting date for 506 restricted shares. |
| January 1, 2028 | Vesting date for 507 restricted shares. |
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