Company: USPH
Filing Date: 2025-03-28
Form Type: 8-K
Source: 0001140361-25-010807
Chunk: 1

Company: U S PHYSICAL THERAPY INC /NV
Filing Date: 2025-03-28
Form: 8-K
Item: Item 5.02
Chunk 1
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 2025 and could be up to 100% of the maximum number of shares. The maximum number of RSAs that may be granted are as follows: CEO = 12,500 shares; President = 7,500 shares; CFO = 5,000 shares; COO West =
5,000 shares and EVP = 5,000 shares.

Discretionary Long-Term Incentive Plan for Senior Management for 2025 (“ Discretionary
LTIP”); In addition to any other awards under the 2003 Plan or any other long term incentive plan or bonus plan, policy, or program of USPH, and not in lieu of any other such award or payment, the
Committee may, in its judgment and at its sole discretion, grant RSAs under the 2003 Plan, based on its evaluation of an Executive's performance and the collective corporate performance for 2025.

Any RSAs granted under this program shall be awarded in the first quarter of 2026 subject to the continuous employment of the Executive by USPH or
its affiliates from the Effective Date through the date of the grant of the RSA. All RSAs granted shall be in writing and subject to the terms of the 2003 Plan and the specific terms and conditions (including without limitation, restrictions in
transfer and substantial risk of forfeiture) as determined by the Committee in its sole discretion. RSAs granted under this Discretionary LTIP will vest evenly over 16 quarters, beginning May 20, 2026, and thereafter on August 20, November 20, and
March 6, with final vesting on March 6, 2030, subject to acceleration of vesting based on the occurrence of certain events, as more specifically defined in the applicable Restricted Stock Agreement between the Executive and USPH and/or in the
Executive's employment agreement with USPH. The number of RSAs that may be granted is subject to the evaluation of the Executive’s performance and the collective corporate performance during 2025. The maximum number of RSAs that may be granted are
as follows: CEO = up to 12,500 shares; CFO = up to 5,000 shares; COO West = up to 5,000 shares; President = up to 7,500 shares, and EVP = up to 5,000 shares.

Objective Bonus Plan for Senior Management for 2025 (“ Objective Bonus Plan”); Under this Objective Bonus Plan, Executives