Company: USPH
Filing Date: 2025-04-11
Form Type: DEF 14A
Source: 0001140361-25-013467
Chunk: 43

Company: U S PHYSICAL THERAPY INC /NV
Filing Date: 2025-04-11
Form: DEF 14A
Chunk 43
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 Executive Vice President in 2022. Mr. Binstein’s annual base salary was $340,000 during 2022, $375,000 during 2023, $400,000 during 2024 and was further increased to $425,000 effective as of January 1, 2025. During each of 2022, 2023 and 2024, Mr. Binstein participated in an executive incentive plan specific to such year that was approved by the Compensation Committee and filed with the SEC on Form 8-K. In accordance with such executive incentive plans, Mr. Binstein (i) was paid a cash bonus of $136,000 and was granted 3,750 shares of restricted stock for 2022, and (ii) was paid a cash bonus of $303,750 and was granted 8,100 shares of restricted stock for 2023. For 2024, Mr. Binstein was paid a cash bonus of $336,000 on March 5, 2025 and was granted 8,100 shares of restricted stock on February 24, 2025. Compensation Deductibility Policy Under Section 162(m) of the Code and applicable Treasury regulations, no deduction is allowed for annual compensation in excess of $1 million paid by a publicly traded corporation to its chief executive officer and the four other most highly compensated officers. 28

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COMPENSATION COMMITTEE REPORT The Compensation Committee was composed of four independent directors during the first half of 2024 and three independent directors for the second half of 2024 following Mr. Kuntz’s retirement in May 2024. It acts under a written charter adopted by the Board. The primary function of the Compensation Committee is to determine the compensation for our executive officers, administer incentive stock plans and recommend to the Board the compensation to be paid to our non-employee directors. The committee has reviewed and discussed with management the Compensation Discussion and Analysis set forth herein. Based on its review, the related discussions and such other matters deemed relevant and appropriate by the committee, the committee has recommended to the Board that the Compensation Discussion and Analysis be included in the Company’s Proxy Statement relating to the 2025 Annual Meeting of Stockholders.

| Respectfully submitted,      |
| The Compensation Committee   |
| Kathleen A. Gilmartin, Chair |
| Anne B. Motsenbocker         |
| Regg Swanson                 |

The foregoing Compensation Committee Report is provided in accordance with the rules and regulations of