Company: USPH
Filing Date: 2025-04-11
Form Type: DEF 14A
Source: 0001140361-25-013467
Chunk: 41

Company: U S PHYSICAL THERAPY INC /NV
Filing Date: 2025-04-11
Form: DEF 14A
Chunk 41
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 2024, Mr. Reading 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. Reading (i) was paid a cash bonus of $463,500 and was granted 10,000 shares of restricted stock for 2022, and (ii) was paid a cash bonus of $777,600 and was granted 16,200 shares of restricted stock for 2023. For 2024, Mr. Reading was paid a cash bonus of $770,250 on March 5, 2025, and was granted 20,250 shares of restricted stock on February 24, 2025. Mr. Reeve joined our Company in March 2018 as Chief Operating Officer–East. Under his employment agreement with us (see “Employment and Consulting Agreements” above), Mr. Reeve’s annual base salary is subject to adjustment by the Compensation Committee. Mr. Reeve’s annual base salary was $584,000 (during 2022), $605,000 (during 2023), $625,000 (during 2024) and was further increased to $643,750 effective as of January 1, 2025. During each of 2022, 2023 and 2024, Mr. Reeve 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. Reeve (i) was paid a cash bonus of $292,005 and was granted 5,000 shares of restricted stock for 2022, and (ii) was paid a cash bonus of $490,050 and was granted 8,100 shares of restricted stock for 2023. For 2024, Mr. Reeve was paid a cash bonus of $462,500 on March 5, 2025 and was granted 8,100 shares of restricted stock on February 24, 2025. Mr. Hendrickson joined our Company in November 2020 as Chief Financial Officer. Under his employment agreement with us (see “Employment and Consulting Agreements” above), Mr. Hendrickson’s annual base salary is subject to adjustment by the Compensation Committee. Mr. Hendrickson’s annual base salary was $463,000 during 2022, $480,000 during 2023,