Form 4: U.S. Physical Therapy EVP Sells Shares

Richard Binstein, EVP, General Counsel & Secretary of U.S. Physical Therapy, sold 2,111 shares of common stock at an average price of $106.34 on May 16, 2024.

Summary

• On May 16, 2024, Richard Binstein, the EVP, General Counsel & Secretary of U.S. Physical Therapy Inc., sold 2,111 shares of the company's common stock.
• The sale was executed at a weighted average price of $106.34 per share, with individual transaction prices ranging from $106.03 to $106.78.
• Following the transaction, Binstein directly owns 12,895 shares, including restricted stock granted under the company's Amended and Restated 2003 Stock Incentive Plan.
• The restricted stock vests in installments over several dates, contingent upon his continued employment with the company.

Sentiment

Score: 5

Explanation: This is a routine Form 4 filing, indicating a stock sale by an executive. It doesn't inherently convey positive or negative sentiment, but rather reflects a transaction.

Industry Context

Executive stock sales are a common occurrence and are often related to personal financial planning. It's important to consider the size of the sale relative to the executive's total holdings and the overall trading volume of the stock.

Stakeholder Impact

• The stock sale may have a minor impact on shareholders, depending on the market's interpretation of the transaction.

Key Dates