Form 4: U.S. Physical Therapy Co-Chief Operations Officer Eric Williams Reports Stock Sale

Eric Joseph Williams, Co-Chief Operations Officer of U.S. Physical Therapy, reports the sale of 1,500 shares of common stock on March 4, 2024.

Summary

• Eric Joseph Williams, Co-Chief Operations Officer of U.S. Physical Therapy Inc., filed a Form 4 with the SEC on March 5, 2024.
• The report details the sale of 1,500 shares of common stock on March 4, 2024.
• 500 shares were sold at a price of $104.60 per share, and 1,000 shares were sold at $105.14 per share.
• Following the transaction, Williams directly owns 19,314 shares of U.S. Physical Therapy.
• Included in the holdings are 16,030 shares of restricted stock granted under the company's Amended and Restated 2003 Stock Incentive Plan, which vest in installments through January 1, 2028, contingent upon continued employment.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing a stock sale by an officer. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of the regulatory landscape, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.

Stakeholder Impact

• The stock sale may have a minor impact on shareholders, potentially influencing short-term stock price fluctuations.
• The vesting schedule of restricted stock incentivizes the officer's continued employment with the company.

Key Dates