USPH EVP Richard Binstein Surrenders 450 Shares

What Happened

• Richard Binstein, EVP, General Counsel & Secretary of U S Physical Therapy, surrendered 450 shares of USPH on August 20, 2026. The shares were disposed at a price of $78.00 per share for a total of $35,100. This was a tax-withholding disposition (transaction code F), not an open-market sale.

Key Details

• Transaction date: 2026-08-20; Filing date: 2026-08-24 (filed within the typical two-business-day window).
• Price and value: 450 shares × $78.00 = $35,100.
• Transaction type: F — shares surrendered to issuer to satisfy tax withholding obligations upon vesting (per footnote F1).
• Shares owned after transaction: not specified in the provided filing data.
• Footnote F2: Reporting person holds/was granted 17,330 shares of restricted stock under the company's 2003 Stock Incentive Plan with multiple vesting tranches through March 6, 2030, contingent on continued employment.

Context

• This was a withholding-related disposition (common when restricted shares vest). Such surrenders are routine tax-related actions and do not necessarily reflect an insider buying or selling based on a view of the company’s prospects.