Form 4: U.S. Physical Therapy COO Sells Shares
SEC Form 4 Filing
Eric Joseph Williams, President and COO of U.S. Physical Therapy, Inc., sold 633 shares of common stock at an average price of $78.09.
Summary
- On May 21, 2025, Eric Joseph Williams, the President and COO of U.S. Physical Therapy Inc., sold 633 shares of the company's common stock.
- The shares were sold at a weighted average price of $78.09, with individual transaction prices ranging from $77.83 to $78.35.
- Following the transaction, Williams directly owns 26,331 shares, including 20,382 shares granted as restricted stock under the company's Amended and Restated 2003 Stock Incentive Plan.
- The restricted stock vests in tranches between August 20, 2025, and March 6, 2029, contingent upon Williams' continued employment with the company.
- Williams has granted Richard Binstein and Kate Venturina power of attorney for SEC filings related to U.S. Physical Therapy, Inc. securities.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, indicating a routine stock sale by an executive. The sentiment is neutral as it simply reports a transaction.
Industry Context
Executive stock sales are a common occurrence and are often related to personal financial planning rather than a reflection of the company's prospects. It's important to consider the size of the sale relative to the executive's total holdings.
Stakeholder Impact
- The stock sale may have a minor impact on shareholders, potentially creating slight downward pressure on the stock price in the short term.
Key Dates
| Date | Description |
|---|---|
| November 19, 2024 | Date of Power of Attorney execution by Eric Williams |
| May 21, 2025 | Date of stock sale transaction |
| May 22, 2025 | Date of Form 4 filing |
| August 20, 2025 | First vesting date of restricted stock (2,172 shares) |
| November 20, 2025 | Vesting date of restricted stock (1,888 shares) |
| March 6, 2026 | Vesting date of restricted stock (1,896 shares) |
| May 20, 2026 | Vesting date of restricted stock (1,576 shares) |
| August 20, 2026 | Vesting date of restricted stock (1,576 shares) |
| November 20, 2026 | Vesting date of restricted stock (1,576 shares) |
| March 6, 2027 | Vesting date of restricted stock (1,584 shares) |
| May 20, 2027 | Vesting date of restricted stock (1,264 shares) |
| August 20, 2027 | Vesting date of restricted stock (1,264 shares) |
| November 20, 2027 | Vesting date of restricted stock (1,264 shares) |
| March 6, 2028 | Vesting date of restricted stock (1,268 shares) |
| May 20, 2028 | Vesting date of restricted stock (758 shares) |
| August 20, 2028 | Vesting date of restricted stock (758 shares) |
| November 20, 2028 | Vesting date of restricted stock (758 shares) |
| March 6, 2029 | Final vesting date of restricted stock (780 shares) |
Keywords
Form 4, Beneficial Ownership, U.S. Physical Therapy, USPH, Eric Williams, Stock Sale, Restricted Stock, Power of Attorney
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