Form 4: U.S. Physical Therapy CFO Carey Hendrickson Reports Gift of Shares

Sentiment:

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

DateDescription
05/20/2024Date of the stock gift transaction.
05/21/2024Date of signature on the Form 4 filing.
July 1, 2024Vesting date for 1,438 restricted shares.
October 1, 2024Vesting date for 1,446 restricted shares.
January 1, 2025Vesting date for 1,209 restricted shares.
April 1, 2025Vesting date for 1,208 restricted shares.
July 1, 2025Vesting date for 1,208 restricted shares.
October 1, 2025Vesting date for 1,208 restricted shares.
January 1, 2026Vesting date for 1,221 restricted shares.
April 1, 2026Vesting date for 740 restricted shares.
July 1, 2026Vesting date for 740 restricted shares.
October 1, 2026Vesting date for 740 restricted shares.
January 1, 2027Vesting date for 747 restricted shares.
April 1, 2027Vesting date for 506 restricted shares.
July 1, 2027Vesting date for 506 restricted shares.
October 1, 2027Vesting date for 506 restricted shares.
January 1, 2028Vesting date for 507 restricted shares.

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