Company: USPH
Filing Date: 2025-04-11
Form Type: DEF 14A
Source: 0001140361-25-013467
Chunk: 46

Company: U S PHYSICAL THERAPY INC /NV
Filing Date: 2025-04-11
Form: DEF 14A
Chunk 46
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 | 12,150 |     |  15,000 |     | $1,282,500 |
| Richard S. Binstein    |     | 2/24/2025 |     |                    $60,000 |     | $324,000 |     |   $500,000 |     |                      1,500 |     |  8,100 |     |  10,000 |     |   $855,000 |

| (1) | Under the non-equity incentive plan, Messrs. Reading, Reeve, Williams, Hendrickson and Binstein were entitled to earn 75% of their respective annual base salary dependent on the Company achieving Adjusted EBITDA in the range of $78,500,000 to $83,500,000 or more (“Objective Plan”). Messrs. Reading, Reeve, Williams, Hendrickson, and Binstein were also entitled to earn up to 50% of their respective annual base salary at the discretion of the Compensation Committee based on the achievement of pre-established subjective criteria (“Discretionary Plan”). The threshold, target and maximum amounts represents 15% (15% under the Objective Plan and 0% Discretionary Plan), 81% (31% Objective Plan and 50% Discretionary Plan) and 125% (75% Objective Plan and 50% Discretionary Plan) respectively, of each executive’s base salary. (For a more detailed discussion, see the above “Compensation Discussion and Analysis — Annual Cash Incentive Compensation” section.) Also, see the Summary Compensation Table above for actual amounts earned for 2024. The cash earned was paid on March 5, 2025, and the shares of restricted stock were granted on February 24, 2025. |

| (2) | Under the equity incentive plans, each of the above were entitled to their respective number of shares detailed above based on achieving Adjusted EBITDA in the range of $78,500,000 to $83,500,000 or more (“Objective Plan”) and their respective number of shares at the discretion of the Compensation Committee based on the achievement of pre-established subjective criteria (“Discretionary Plan”). The threshold represents 30% of the eligible shares under the Objective Plan, the target represents 62% of the eligible shares under the Objective Plan and 100% of the eligible shares under the Discretionary Plan and the maximum represents 100% of the eligible shares under each