U.S. Physical Therapy (USPH) CFO Etta Nchacha Receives Award

What Happened
Etta Nchacha, Chief Financial Officer of U.S. Physical Therapy (USPH), was granted 6,831 restricted shares on 2026-09-14. The Form 4 reports the acquisition price as $0.00 (code A — award/grant). This is a compensation-related restricted stock award, not an open-market purchase or sale.

Key Details

• Transaction date: 2026-09-14; Form 4 filed 2026-09-15 (timely filing).
• Shares granted: 6,831 restricted shares; reported acquisition price: $0.00.
• Shares owned after transaction: not reported on the provided Form 4.
• Grant plan: Shares issued under the Company’s Amended and Restated 2003 Stock Incentive Plan.
• Vesting: Restrictions lapse over 16 scheduled vesting dates — 427 shares vest on each of 15 dates between Nov 20, 2026 and May 20, 2030, and 426 shares vest on Aug 20, 2030 — vesting is conditioned on continued employment.
• No 10b5-1 plan, tax-withholding sale, or immediate sale reported in this filing.

Context
Restricted stock grants are a form of compensation and typically vest over time; they do not represent an immediate cash purchase or sale. Because vesting is contingent on continued employment, these shares will only become freely owned if the CFO remains with the company through the listed vesting dates. This filing is informational and does not, by itself, indicate a buy or sell signal.