Form 4: U.S. Physical Therapy Director Sells 2,000 Shares

Bernard A. Harris Jr., a director at U.S. Physical Therapy Inc., sold 2,000 shares of common stock at an average price of $92.95 per share.

Summary

• Bernard A. Harris Jr., a director of U.S. Physical Therapy Inc., sold 2,000 shares of the company's common stock on November 12, 2024.
• The sale was executed at a weighted average price of $92.95 per share, with individual transactions ranging from $92.87 to $93.01.
• Following the transaction, Mr. Harris directly owns 16,726 shares of U.S. Physical Therapy stock, which includes 712 restricted shares.
• The restricted shares will vest in two tranches of 356 shares each on January 1, 2025, and April 1, 2025, contingent on his continued service as a director.

Sentiment

Score: 5

Explanation: The document is a neutral disclosure of a stock sale by a director, with no indication of positive or negative sentiment.

Industry Context

This is a routine disclosure of a stock sale by a company director, which is common in publicly traded companies. It provides transparency into insider transactions.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, ensuring transparency of insider transactions.
• The sale of 2,000 shares by a director is not unusual and is within the normal range of insider trading activity.
• The vesting schedule of the restricted stock is also a common practice for director compensation.

Stakeholder Impact

• The stock sale by a director may have a minor impact on shareholder sentiment, but is unlikely to significantly affect the company's operations or financial position.

Key Dates

Keywords

U.S. Physical Therapy, USPH, stock sale, insider trading, Form 4, director, Bernard A. Harris Jr., restricted stock