secwatch.observer — SEC 8-K summary
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Issuer:     U S PHYSICAL THERAPY INC /NV (USPH)
CIK:        0000885978
Form:       8-K
Filed at:   2021-08-18T23:59:59+00:00
Accession:  0000885978-21-000034
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/885978/000088597821000034/0000885978-21-000034-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/885978/000088597821000034/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0000885978-21-000034

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer