Company: USPH
Filing Date: 2025-04-11
Form Type: DEF 14A
Source: 0001140361-25-013467
Chunk: 49

Company: U S PHYSICAL THERAPY INC /NV
Filing Date: 2025-04-11
Form: DEF 14A
Chunk 49
---
    $499,386 |
| Graham D. Reeve        |     |        7,106 |     |    $674,451 |
| Eric J. Williams       |     |        5,126 |     |    $487,334 |
| Richard S. Binstein    |     |        4,685 |     |    $445,071 |

| (1) | The value realized on vesting is computed by multiplying the number of shares by stock by the market value of the underlying shares on the vesting date. The closing price of the stock is used as the market value. |

Pay Ratio The Company analyzed the annual total compensation for all of its employees and the employees of its consolidated subsidiaries (including part-time – “on call”– and full-time employees as per SEC rules), other than our CEO, in order to identify the employee with the median annual total compensation. In making this determination, the Company examined only payroll records of individuals who were employed by the Company or one of its consolidated subsidiaries on December 31, 2024. No cost-of-living adjustments were made to any such employee’s compensation, but the Company did annualize the compensation of individuals who commenced employment after January 1, 2024. After the median compensated employee was identified, that employee’s annual total compensation for fiscal year 2024 was determined in the same manner as if such individual was a named executive officer for 2024 whose compensation was required to be determined in accordance with SEC rules and reported in our “Summary Compensation Table” on page 30. Based on the foregoing, the annual total compensation of such employee, as determined in accordance with SEC rules, was $44,829. As provided in our Summary Compensation Table, the annual total compensation for our CEO for the 2024 fiscal year was $3,636,676, which was 81.1 to 1.0 times the annual total compensation of our median compensated employee for the 2024 fiscal year. The above figures were reported in accordance with SEC rules. However, the Company believes that a more accurate disclosure would exclude “on-call” employees who have no set schedule and work only on an as-needed basis, which may be a few times a year. If these on-call employees were excluded from the determination of our median compensated employee for the 2024 fiscal year, the annual total compensation would be $52,850 resulting in a ratio of the annual total compensation of our CEO to such employee of 68.8 to