---
schema_version: "secwatch.filing_event.v1"
accession: "0000885978-21-000034"
form_type: "8-K"
ticker: "USPH"
cik: "0000885978"
company_name: "U S PHYSICAL THERAPY INC /NV"
filed_at: "2021-08-18T23:59:59+00:00"
generated_at: "2026-06-29T09:24:39.200693+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# USPH accelerates restricted stock vesting for retiring COO McDowell; $1.3M charge

## Summary
- Compensation Committee accelerated lapse of restrictions on 13,867 restricted shares for COO – West Glenn McDowell.
- Restrictions lapse on August 31, 2021, the effective date of McDowell's previously announced retirement.
- Non-cash charge of ~$1.3M ($0.10 per share) in Q3 2021 and full year 2021 from acceleration.
- Shares relate to grants from 2018–2021 under the company's stock incentive plans.

## SEC filing metadata
- accession: 0000885978-21-000034
- form_type: 8-K
- ticker: USPH
- cik: 0000885978
- company_name: U S PHYSICAL THERAPY INC /NV
- filed_at: 2021-08-18T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/885978/000088597821000034/0000885978-21-000034-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/885978/000088597821000034/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000885978-21-000034
- JSON: https://secwatch.observer/filing/0000885978-21-000034.json
- Plain text: https://secwatch.observer/filing/0000885978-21-000034.txt

## Key facts
- Executive change
  Glenn McDowell departed as Chief Operating Officer – West at U S PHYSICAL THERAPY INC /NV.
  - Action: retire
  - Role: Chief Operating Officer – West
  source text: Mr. McDowell will retire from his position as Chief Operating Officer – West effective August 31, 2021.
  evidence_url: https://www.sec.gov/Archives/edgar/data/885978/000088597821000034/0000885978-21-000034-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.