U.s. Physical Therapy (USPH) just unveiled an update.
U.S. Physical Therapy, Inc. has introduced incentive plans for its senior management, effective from March 6, 2024. These plans offer a mix of Restricted Stock Awards (RSAs) and cash bonuses tied to the company’s performance, specifically Adjusted EBITDA targets. Executives are eligible for these incentives provided they remain with the company through specified dates. The plans include both objective incentives based on clear-cut financial goals and discretionary incentives allowing for evaluation of individual and corporate performance. Vesting of RSAs is set to occur over four years, with potential acceleration under certain conditions.
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