Binstein Richard 4
Research Summary
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U.S. Physical Therapy (USPH) EVP Richard Binstein Sells 3,000 Shares
What Happened Richard Binstein, EVP, General Counsel & Secretary of U.S. Physical Therapy (USPH), sold 3,000 shares in an open-market sale on March 6, 2026. The shares were sold at $81.64 per share for a total transaction value of $244,920. This was a sale (often routine insider liquidity) rather than a purchase signal.
Key Details
- Transaction date and price: March 6, 2026 — 3,000 shares sold at $81.64/share.
- Total proceeds: $244,920.
- Shares owned after transaction: Not specified in the provided filing.
- Footnote: The filing notes Binstein has 21,070 shares granted as restricted stock that vest in tranches if he remains an employee, with vesting dates from May 20, 2026 through March 6, 2030.
- Filing timeliness: Report filed March 9, 2026; this appears to be a timely Form 4 filing (within SEC filing window).
Context Sales by executives can be routine (taxes, diversification, personal liquidity) and do not by themselves signal company outlook. The presence of a sizable restricted-stock grant with multi-year vesting indicates additional future equity exposure tied to continued employment.