Harris Bernard A Jr 4

What Happened

• Bernard A. Harris Jr., a director of U.S. Physical Therapy, was granted 2,306 restricted shares (transaction code A) on May 19, 2026. The grant is valued at $61.61 per share, for a total grant value of approximately $142,073.
• This was an award/grant of restricted stock (an acquisition), not an open-market purchase or sale. The shares are subject to vesting restrictions.

Key Details

• Transaction date: 2026-05-19; Price per share: $61.61; Total value: ~$142,073.
• Grant type: Restricted stock issued under the Company Amended and Restated 2003 Stock Incentive Plan.
• Vesting schedule (footnote): 1,153 shares vest on Aug 20, 2026; 576 shares on Nov 20, 2026; 577 shares on Mar 6, 2027 — vesting conditioned on his continued service as a director on those dates.
• Shares owned after the transaction: Not specified in the provided filing.
• Filing timeliness: Reported on 2026-05-20 for a 2026-05-19 transaction (filed timely).

Context

• Restricted stock awards are compensation and increase an insider’s potential stake over time if vesting conditions are met; they do not reflect an immediate open-market purchase or sale.
• Because vesting is contingent on continued service, these shares may not become free-trading immediately and are intended as alignment/retention compensation rather than an instant market investment.