Director at U S Physical Therapy (NYSE: USPH) granted 2,306 shares
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
Harris Bernard A Jr reported acquisition or exercise transactions in this Form 4 filing.
U S Physical Therapy director Bernard A. Harris Jr. received a grant of 2,306 shares of common stock as a restricted stock award. The grant was made at a reported transaction price of $0.00 per share and increased his direct holdings to 20,914 shares.
These 2,306 restricted shares vest in stages under the company’s Amended and Restated 2003 Stock Incentive Plan: 1,153 shares on August 20, 2026, 576 shares on November 20, 2026, and 577 shares on March 6, 2027, if he remains a director on those dates.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Harris Bernard A Jr
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,306 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 20,914 shares (Direct, null)
Footnotes (1)
- 5/19/2026 - Transaction price should have been reported as $0.00, not $61.61. Includes 2,306 shares which were granted as restricted stock pursuant to the Company Amended and Restated 2003 Stock Incentive Plan. Restrictions lapse as to 1,153 shares on August 20, 2026, 576 shares on November 20, 2026 and 577 shares on March 6, 2027, if he is a director of the Company on those dates.
Key Figures
Restricted stock grant: 2,306 shares
Transaction price: $0.00 per share
Holdings after grant: 20,914 shares
+3 more
6 metrics
Restricted stock grant
2,306 shares
Common stock award to director on May 19, 2026
Transaction price
$0.00 per share
Corrected transaction price for the restricted stock grant
Holdings after grant
20,914 shares
Total direct common stock held following the transaction
First vesting tranche
1,153 shares
Restrictions lapse on August 20, 2026 if still a director
Second vesting tranche
576 shares
Restrictions lapse on November 20, 2026 if still a director
Third vesting tranche
577 shares
Restrictions lapse on March 6, 2027 if still a director
Key Terms
restricted stock, Amended and Restated 2003 Stock Incentive Plan, transaction price, common stock
4 terms
restricted stock financial
"Includes 2,306 shares which were granted as restricted stock pursuant to the Company Amended and Restated 2003 Stock Incentive Plan."
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
Amended and Restated 2003 Stock Incentive Plan financial
"Includes 2,306 shares which were granted as restricted stock pursuant to the Company Amended and Restated 2003 Stock Incentive Plan."
transaction price financial
"Transaction price should have been reported as $0.00, not $61.61."
common stock financial
"Includes 2,306 shares which were granted as restricted stock pursuant to the Company Amended and Restated 2003 Stock Incentive Plan."
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What did U S Physical Therapy (USPH) director Bernard A. Harris Jr. report on this Form 4/A?
He reported receiving 2,306 shares of U S Physical Therapy common stock as a restricted stock award, at a transaction price of $0.00 per share, increasing his direct holdings to 20,914 shares, subject to future vesting conditions tied to continued board service.
What are Bernard A. Harris Jr.’s total U S Physical Therapy (USPH) holdings after this grant?
Following the grant, he directly holds 20,914 shares of U S Physical Therapy common stock. This total includes the 2,306 restricted shares granted under the company’s Amended and Restated 2003 Stock Incentive Plan, which vest over time if board service continues.
Was the transaction price for the USPH restricted stock grant corrected in this Form 4/A?
Yes. A footnote states the transaction price should have been reported as $0.00 per share, not $61.61. This clarifies that the 2,306 shares were issued as a restricted stock award rather than a market purchase at a stated cash price.