U S Physical Therapy (USPH) Interim CFO Curtis Travis Surrenders 40 Shares for Taxes

What Happened
Curtis J. Travis, interim Chief Financial Officer of U S Physical Therapy (USPH), surrendered 40 shares of company common stock on August 20, 2026 to satisfy tax withholding obligations related to vested restricted stock. The shares were valued at $78.00 each, totaling $3,120. This was a tax-withholding disposal (routine), not an open-market sale or a purchase.

Key Details

• Transaction date: 2026-08-20; Price: $78.00 per share; Shares surrendered: 40; Total value: $3,120.
• Transaction code: F (payment of exercise price or tax liability — here, tax withholding).
• Footnote F1: Reporting person surrendered shares to the issuer to satisfy applicable tax withholding upon vesting.
• Footnote F2: Reporting person has 3,425 restricted shares subject to vesting under the company’s 2003 Stock Incentive Plan with a detailed vesting schedule through March 6, 2030; vesting is contingent on continued service.
• Filing timeliness: Form 4 was filed on 2026-08-24 for a 2026-08-20 transaction (filed within the standard 2 business-day window).

Context
Surrendering shares to cover taxes is a common, administrative action when restricted stock vests and does not necessarily signal insider sentiment about the stock. For retail investors, note this is not an open-market sale and therefore provides limited information about the insider’s view of the company’s prospects.