Binstein Richard 4
4 · U S PHYSICAL THERAPY INC /NV · Filed Mar 9, 2026
Research Summary
AI-generated summary of this filing
U.S. Physical Therapy (USPH) EVP Richard Binstein Sells 3,000 Shares
What Happened Richard Binstein, EVP, General Counsel & Secretary of U.S. Physical Therapy (USPH), sold 3,000 shares in an open-market sale on March 6, 2026. The shares were sold at $81.64 per share for a total transaction value of $244,920. This was a sale (often routine insider liquidity) rather than a purchase signal.
Key Details
- Transaction date and price: March 6, 2026 — 3,000 shares sold at $81.64/share.
- Total proceeds: $244,920.
- Shares owned after transaction: Not specified in the provided filing.
- Footnote: The filing notes Binstein has 21,070 shares granted as restricted stock that vest in tranches if he remains an employee, with vesting dates from May 20, 2026 through March 6, 2030.
- Filing timeliness: Report filed March 9, 2026; this appears to be a timely Form 4 filing (within SEC filing window).
Context Sales by executives can be routine (taxes, diversification, personal liquidity) and do not by themselves signal company outlook. The presence of a sizable restricted-stock grant with multi-year vesting indicates additional future equity exposure tied to continued employment.
Insider Transaction Report
Form 4
Binstein Richard
EVP Gen'l Counsel & Secretary
Transactions
- Sale
Common Stock
[F1]2026-03-06$81.64/sh−3,000$244,920→ 24,867 total
Footnotes (1)
- [F1]Includes 21,070 shares which were granted as restricted stock pursuant to the Company's Amended and Restated 2003 Stock Incentive Plan. Restriction lapse as to 1,870 shares will vest on each of May 20, 2026, August 20, 2026 and November 20, 2026, 1,876 shares will vest on March 6, 2027, 1,636 shares will vest on each of May 20, 2027, August 20, 2027, and November 20, 2027, 1,640 shares will vest on March 6, 2028, 1,130 shares will vest on each of May 20, 2028, August 20, 2028, and November 20, 2028, 1,134 shares will vest on March 6, 2029, 624 shares will vest on each of May 20, 2029, August 20, 2029, and November 20, 2029 and 640 shares will vest on March 6, 2030, if he is an employee of the Company on those dates.
Signature
/s/ Kate Venturina, as attorney-in-fact|2026-03-09