U.S. Physical Therapy (USPH) director receives 2,306-share restricted stock grant
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
Swanson Regg E. reported acquisition or exercise transactions in this Form 4 filing.
U.S. Physical Therapy director Regg E. Swanson reported a stock award and updated holdings. He received a grant of 2,306 shares of common stock at a reported price of $0.00 per share as a compensation-related award.
The filing notes this corrects a prior report that had used $61.61 as the transaction price. Following the award, Swanson holds 15,492 shares directly and 7,596 shares indirectly through the Regg E. Swanson Revocable Trust, where he is beneficiary and trustee.
The 2,306 restricted shares vest in tranches: 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
2 transactions reported
Mixed
2 txns
Insider
Swanson Regg E.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,306 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 15,492 shares (Direct);
Common Stock — 7,596 shares (Indirect, Trust)
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. Regg E. Swanson Revocable Trust is the Owner and Regg E. Swanson is Beneficiary and Trustee.
Key Figures
Restricted stock grant: 2,306 shares
Grant price: $0.00 per share
Direct holdings: 15,492 shares
+4 more
7 metrics
Restricted stock grant
2,306 shares
Common stock award to director Regg E. Swanson
Grant price
$0.00 per share
Corrected transaction price for restricted stock grant
Direct holdings
15,492 shares
Total common stock directly held after award
Indirect holdings
7,596 shares
Common stock held via Regg E. Swanson Revocable Trust
Vesting tranche 1
1,153 shares
Restrictions lapse August 20, 2026 if still director
Vesting tranche 2
576 shares
Restrictions lapse November 20, 2026 if still director
Vesting tranche 3
577 shares
Restrictions lapse March 6, 2027 if still director
Key Terms
restricted stock, Amended and Restated 2003 Stock Incentive Plan, Revocable Trust, indirect ownership
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
"granted as restricted stock pursuant to the Company Amended and Restated 2003 Stock Incentive Plan."
Revocable Trust financial
"Regg E. Swanson Revocable Trust is the Owner and Regg E. Swanson is Beneficiary and Trustee."
A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.
indirect ownership financial
"total_shares_following_transaction: "7596.0000", direct_or_indirect: "I", nature_of_ownership: "Trust""
FAQ
What insider transaction did USPH director Regg E. Swanson report on this Form 4/A?
Regg E. Swanson reported receiving a grant of 2,306 shares of U.S. Physical Therapy common stock. The award was reported at a transaction price of $0.00 per share as a compensation-related acquisition rather than an open-market purchase or sale.
Why was the transaction price corrected in Regg E. Swanson’s USPH Form 4/A?
The amendment states the transaction price should have been reported as $0.00, not $61.61. This reflects that the 2,306 shares were granted as restricted stock, rather than purchased at a cash price per share in an open-market transaction.
How are Swanson’s indirect USPH holdings structured in this Form 4/A filing?
Indirect ownership of 7,596 U.S. Physical Therapy shares is held through the Regg E. Swanson Revocable Trust. The filing explains that the trust is the owner and Swanson serves as both beneficiary and trustee for these indirectly held shares.