Minan Peter Francis 4

What Happened Minan Peter Francis, a director of U.S. Physical Therapy, was granted 2,306 restricted shares on May 19, 2026. The award is valued at $61.61 per share, for a total grant value of $142,073. This was a compensation grant (transaction code A), not an open-market purchase or sale.

Key Details

• Transaction date and price: May 19, 2026 at $61.61 per share (total $142,073).
• Shares owned after transaction: Not specified in the Form 4 filing.
• Footnote: Shares were granted under the Company’s Amended and Restated 2003 Stock Incentive Plan. Vesting: 1,153 shares on Aug 20, 2026; 576 shares on Nov 20, 2026; 577 shares on Mar 6, 2027 — each tranche vests only if he remains a director on those dates.
• Filing timeliness: Reported to the SEC on May 20, 2026 for a May 19, 2026 grant (filed the next day; not marked late).

Context Restricted share grants are a common form of director compensation and typically vest over time rather than representing an immediate market purchase. Such awards increase insider ownership over the vesting period but do not necessarily signal an immediate bullish or bearish view by the insider.