Form 4: U.S. Physical Therapy COO Graham Reeve Sells Shares

Graham D. Reeve, COO of U.S. Physical Therapy, Inc., sold 1,724 shares of common stock at a weighted average price of $105.46 on May 10, 2024.

Summary

• On May 10, 2024, Graham D. Reeve, the COO of U.S. Physical Therapy, Inc., sold 1,724 shares of the company's common stock.
• The shares were sold at a weighted average price of $105.46, with individual prices ranging from $105.44 to $105.50.
• Following the transaction, Reeve directly owns 16,468 shares and indirectly owns 6,970 shares through the Reeve Trust.
• The directly owned shares include restricted stock granted under the company's 2003 Stock Incentive Plan, which will vest in installments through January 2028, contingent on Reeve's continued service as a director.

Sentiment

Score: 5

Explanation: The document is a neutral report of a stock sale. It doesn't inherently indicate positive or negative sentiment about the company's prospects.

Industry Context

This filing is a routine disclosure of insider trading activity, which is common for executives of publicly traded companies. It provides transparency to investors regarding the transactions of company insiders.

Stakeholder Impact

• The stock sale by a company executive could be perceived negatively by some shareholders, but it is a relatively small transaction and may not have a significant impact.

Key Dates