Company: USPH
Filing Date: 2025-04-11
Form Type: DEF 14A
Source: 0001140361-25-013467
Chunk: 42

Company: U S PHYSICAL THERAPY INC /NV
Filing Date: 2025-04-11
Form: DEF 14A
Chunk 42
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 $500,000 during 2024 and was further increased to $515,000 effective as of January 1, 2025. During each of 2022, 2023 and 2024, Mr. Hendrickson 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. Hendrickson (i) was paid a cash bonus of $185,400 and was granted 3,750 shares of restricted stock for 2022 and (ii) was paid a cash bonus of $388,800 and was granted 8,100 shares of restricted stock for 2023. For 2024, Mr. Hendrickson was paid a cash bonus of $370,000 on March 5, 2025 and was granted 8,100 shares of restricted stock on February 24, 2025. 27 TABLE OF CONTENTS Mr. Williams joined our Company on July 1, 2021 as Chief Operating Officer – East and was promoted to President effective as of May 21, 2024. Under his employment agreement with us (see “Employment and Consulting Agreements” above), Mr. Williams’ annual base salary is subject to adjustment by the Compensation Committee. Mr. Williams’ annual base salary was $467,010 during 2022, $540,000 during 2023, $650,000 during 2024 and was further increased to $669,500 effective as of January 1, 2025. During each of 2022, 2023 and 2024, Mr. Williams 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. Williams (i) was paid a cash bonus of $233,505 and was granted 5,000 shares of restricted stock for 2022, and (ii) was paid a cash bonus of $437,400 and was granted 8,100 shares of restricted stock for 2023. For 2024, Mr. Williams was paid a cash bonus of $481,000 on March 5, 2025 and was granted 12,150 shares of restricted stock on February 24, 2025. Mr. Binstein joined our Company in May 2011 as Vice President, General Counsel and Secretary, and was promoted to