Company: USPH
Filing Date: 2025-04-11
Form Type: DEF 14A
Source: 0001140361-25-013467
Chunk: 47

Company: U S PHYSICAL THERAPY INC /NV
Filing Date: 2025-04-11
Form: DEF 14A
Chunk 47
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 of the Objective and Discretionary Plan. |

| (3) | Amounts shown are the grant date fair value of the awards computed in accordance with FASB ASC Topic 718 which amounted to $85.50 per share. See “Note 17 — Equity Based Plans” of the Notes to the Consolidated Financial Statements in Item 8 of the Form 10-K, filed on March 3, 2025, for a description of the valuations and a description of the equity plans. |

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TABLE OF CONTENTS

Narrative Disclosure to Summary Compensation Table and Grants of Plan-Based Awards Table See “Employment Agreements, Severance and Change of Control Benefits” above and “Post-Termination/Change-in-Control Benefits” below for the material terms of our employment agreements with our Named Executive Officers. See “Compensation Discussion and Analysis” above for an explanation of the amount of salary and bonus in proportion to total compensation. See the footnotes to the Summary Compensation Table above and Grants of Plan-Based Awards table paid to the Named Executive Officers above for narrative disclosure with respect to those tables. Outstanding Equity Awards at Fiscal Year-End The following table shows outstanding awards of shares of restricted common stock that have not vested as of December 31, 2024, for each Named Executive Officer. The table does not include the grants of restricted stock made in 2025. There are no outstanding stock option awards for the Named Executive Officers as of December 31, 2024.

|                        |     | Stock Awards |     |            |
| Name                   |     | Number       
 of Shares    
 or Units     
 of Stock     
 That Have    
 Not          
 Vested       
 (#)          |     |     Market 
   Value of 
  Shares or 
   Units of 
      Stock 
  That Have 
 Not Vested 
     ($)(1) |
| Christopher J. Reading |     | 25,739(2)    |     | $2,283,307 |
| Carey P. Hendrickson   |     | 11,046(3)    |     |   $979,891 |
| Graham D. Reeve        |     | 12,884(4)    |     | $1,142,940 |
| Eric J. Williams       |     | 11,806(5)    |     | $1,047,310 |
| Richard S. Binstein    |     | 10,417(6)    |     |   $924