U.S. Physical Therapy Management

Management criteria checks 4/4

U.S. Physical Therapy's CEO is Chris Reading, appointed in Nov 2004, he has a tenure of 18.58 years. His total yearly compensation is $2.41M , comprised of 38.4% salary and 61.6% bonuses, including company stock and options. He directly owns 0.57% of the company’s shares, worth $8.97M. The average tenure of the management team and the board of directors is 5.3 years and 12.3 years respectively.

Key information

Chris Reading

Chief executive officer

US$2.4m

Total compensation

CEO salary percentage	38.4%
CEO tenure	18.6yrs
CEO ownership	0.6%
Management average tenure	5.3yrs
Board average tenure	12.3yrs

Recent management updates

Recent updates

At US$114, Is U.S. Physical Therapy, Inc. (NYSE:USPH) Worth Looking At Closely?

May 07

U.S. Physical Therapy, Inc.'s (NYSE:USPH) Intrinsic Value Is Potentially 25% Below Its Share Price

Apr 16

U.S. Physical Therapy (NYSE:USPH) Has A Pretty Healthy Balance Sheet

Apr 01

Some Investors May Be Worried About U.S. Physical Therapy's (NYSE:USPH) Returns On Capital

Mar 04

U.S. Physical Therapy beats Q4 top and bottom line estimates; initiates FY23 outlook

Feb 23

U.S. Physical Therapy: Needs To Illustrate Economic Reality Over Accounting Profit

Feb 12

U.S. Physical Therapy says Hurricane Ian affected about 50 clinics, ~$395K in lost sales

Oct 17

What Is U.S. Physical Therapy, Inc.'s (NYSE:USPH) Share Price Doing?

Oct 05

U.S. Physical Therapy acquires two-clinic practice

Oct 03

We Think U.S. Physical Therapy (NYSE:USPH) Can Stay On Top Of Its Debt

Sep 03

U.S. Physical Therapy: All Is Not Over, Hold For Now

Aug 26

U.S. Physical Therapy goes ex-dividend tomorrow

Aug 16

Is There An Opportunity With U.S. Physical Therapy, Inc.'s (NYSE:USPH) 37% Undervaluation?

Jul 10

What Is U.S. Physical Therapy, Inc.'s (NYSE:USPH) Share Price Doing?

Jun 15

Is U.S. Physical Therapy (NYSE:USPH) Using Too Much Debt?

May 24

Investors Could Be Concerned With U.S. Physical Therapy's (NYSE:USPH) Returns On Capital

Apr 04

U.S. Physical Therapy (NYSE:USPH) Has Announced That It Will Be Increasing Its Dividend To US$0.41

Feb 28

What Is U.S. Physical Therapy, Inc.'s (NYSE:USPH) Share Price Doing?

Feb 15

An Intrinsic Calculation For U.S. Physical Therapy, Inc. (NYSE:USPH) Suggests It's 27% Undervalued

Jan 06

There Are Reasons To Feel Uneasy About U.S. Physical Therapy's (NYSE:USPH) Returns On Capital

Dec 07

When Should You Buy U.S. Physical Therapy, Inc. (NYSE:USPH)?

Oct 13

We Think U.S. Physical Therapy (NYSE:USPH) Can Manage Its Debt With Ease

Sep 28

U.S. Physical Therapy (NYSE:USPH) Will Want To Turn Around Its Return Trends

Aug 30

A Look At The Intrinsic Value Of U.S. Physical Therapy, Inc. (NYSE:USPH)

Aug 09

Is Now An Opportune Moment To Examine U.S. Physical Therapy, Inc. (NYSE:USPH)?

Jul 09

Is U.S. Physical Therapy (NYSE:USPH) Using Too Much Debt?

Jun 21

U.S. Physical Therapy, Inc.'s (NYSE:USPH) CEO Compensation Looks Acceptable To Us And Here's Why

May 12

CEO Compensation Analysis

How has Chris Reading's remuneration changed compared to U.S. Physical Therapy's earnings?
Date	Total Comp.	Salary	Company Earnings
Mar 31 2023	n/a	n/a	US$28m
Dec 31 2022	US$2m	US$926k	US$29m
Sep 30 2022	n/a	n/a	US$39m
Jun 30 2022	n/a	n/a	US$38m
Mar 31 2022	n/a	n/a	US$37m
Dec 31 2021	US$4m	US$896k	US$31m
Sep 30 2021	n/a	n/a	US$31m
Jun 30 2021	n/a	n/a	US$30m
Mar 31 2021	n/a	n/a	US$32m
Dec 31 2020	US$3m	US$676k	US$32m
Sep 30 2020	n/a	n/a	US$30m
Jun 30 2020	n/a	n/a	US$31m
Mar 31 2020	n/a	n/a	US$29m
Dec 31 2019	US$3m	US$769k	US$31m
Sep 30 2019	n/a	n/a	US$30m
Jun 30 2019	n/a	n/a	US$23m
Mar 31 2019	n/a	n/a	US$18m
Dec 31 2018	US$3m	US$739k	US$17m
Sep 30 2018	n/a	n/a	US$18m
Jun 30 2018	n/a	n/a	US$22m
Mar 31 2018	n/a	n/a	US$21m
Dec 31 2017	US$2m	US$720k	US$22m
Sep 30 2017	n/a	n/a	US$20m
Jun 30 2017	n/a	n/a	US$20m
Mar 31 2017	n/a	n/a	US$21m
Dec 31 2016	US$2m	US$607k	US$21m

Compensation vs Market: Chris's total compensation ($USD2.41M) is below average for companies of similar size in the US market ($USD5.26M).

Compensation vs Earnings: Chris's compensation has been consistent with company performance over the past year.

CEO

Chris Reading (59 yo)

18.6yrs

Tenure

US$2,408,584

Compensation

Mr. Christopher J. Reading, also known as Chris, has been the Chief Executive Officer and President of US Physical Therapy Inc. since November 1, 2004. Mr. Reading served as the Chief Operating Officer at...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Christopher Reading	President	18.6yrs	US$2.41m	0.57% $ 9.0m
Carey Hendrickson	Chief Financial Officer	2.6yrs	US$1.03m	0.10% $ 1.6m
Richard Binstein	Executive VP	12.4yrs	US$859.95k	0.067% $ 1.0m
Graham Reeve	Chief Operating Officer - West	5.3yrs	US$1.39m	0.17% $ 2.7m
Eric Williams	Chief Operating Officer - East	1.9yrs	US$1.21m	0.086% $ 1.3m
Jake Martinez	Senior Vice President of Finance & Accounting	1.2yrs	no data	no data
Chadd Pence	Senior Vice President of Information Systems	no data	no data	no data
Jayne Pool	Senior VP & Chief Compliance Officer	no data	no data	no data
Jason Anderson	Vice President of Human Resources	no data	no data	no data
Jon Bates	VP & Corporate Controller	16.6yrs	no data	no data

5.3yrs

Average Tenure

59yo

Average Age

Experienced Management: USPH's management team is seasoned and experienced (5.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Christopher Reading	President	18.6yrs	US$2.41m	0.57% $ 9.0m
Edward Kuntz	Independent Chairman	8.8yrs	US$318.71k	0.070% $ 1.1m
Nancy Ham	Independent Director	less than a year	no data	0.011% $ 169.6k
Clayton Trier	Independent Director	18.3yrs	US$244.21k	0.062% $ 961.4k
Bernard Harris	Independent Director	17.8yrs	US$241.71k	0.12% $ 1.8m
Kathleen Gilmartin	Independent Director	5.1yrs	US$228.71k	0.098% $ 1.5m
Reginald Swanson	Independent Director	15.8yrs	US$213.71k	0.12% $ 1.9m
Anne Motsenbocker	Independent Director	1.4yrs	US$213.71k	0.029% $ 445.1k

12.3yrs

Average Tenure

67.5yo

Average Age

Experienced Board: USPH's board of directors are seasoned and experienced ( 12.3 years average tenure).

U.S. Physical Therapy Management

Management criteria checks 4/4

Key information

Recent management updates

U.S. Physical Therapy, Inc. Elects Nancy Ham to the Board of Directors

Insufficient new directors

Insufficient new directors

U.S. Physical Therapy, Inc., Annual General Meeting, May 17, 2022

Recent updates

U.S. Physical Therapy, Inc. (NYSE:USPH) acquired 75% interest in Physical therapy practice with four clinics for $3.1 million

U.S. Physical Therapy, Inc. has completed a Follow-on Equity Offering in the amount of $150.00003 million.

Price target increased by 7.9% to US$119

U.S. Physical Therapy, Inc. Elects Nancy Ham to the Board of Directors

Upcoming dividend of US$0.43 per share at 1.6% yield

At US$114, Is U.S. Physical Therapy, Inc. (NYSE:USPH) Worth Looking At Closely?

First quarter 2023 earnings: EPS and revenues exceed analyst expectations

U.S. Physical Therapy Declares Quarterly Dividend, Payable on June 9, 2023

U.S. Physical Therapy, Inc.'s (NYSE:USPH) Intrinsic Value Is Potentially 25% Below Its Share Price

U.S. Physical Therapy (NYSE:USPH) Has A Pretty Healthy Balance Sheet

Independent Director recently sold US$463k worth of stock

Executive VP recently sold US$92k worth of stock

Some Investors May Be Worried About U.S. Physical Therapy's (NYSE:USPH) Returns On Capital

Upcoming dividend of US$0.43 per share at 1.7% yield

Price target increased by 7.5% to US$110

Full year 2022 earnings: EPS misses analyst expectations

U.S. Physical Therapy beats Q4 top and bottom line estimates; initiates FY23 outlook

U.S. Physical Therapy: Needs To Illustrate Economic Reality Over Accounting Profit

U.S. Physical Therapy, Inc. to Report Q4, 2022 Results on Feb 22, 2023

Is Now An Opportune Moment To Examine U.S. Physical Therapy, Inc. (NYSE:USPH)?

Independent Director recently sold US$608k worth of stock

We Think U.S. Physical Therapy (NYSE:USPH) Can Stay On Top Of Its Debt

President recently sold US$900k worth of stock

Here's Why We Think U.S. Physical Therapy (NYSE:USPH) Is Well Worth Watching

U.S. Physical Therapy, Inc. (NYSE:USPH) acquired 80% stake in Thirteen-clinic physical therapy practice from practice’s owners for $25 million.

U.S. Physical Therapy, Inc. (NYSE:USPH) acquired 80% stake in Thirteen-clinic physical therapy practice for $25 million.

Independent Director notifies of intention to sell stock

Independent Director recently sold US$134k worth of stock

Insufficient new directors

President notifies of intention to sell stock

Upcoming dividend of US$0.41 per share

Chief Operating Officer - West recently sold US$162k worth of stock

U.S. Physical Therapy: Not The Most Comfortable Prospect

Third quarter 2022 earnings: EPS exceeds analyst expectations

U.S. Physical Therapy, Inc. Provides Operating Guidance for 2022

U.S. Physical Therapy, Inc. (NYSE : USPH) acquired 60% stake in Fourteen-clinic physical therapy practice for $19.3 million.

U.S. Physical Therapy acquires physical therapy practice for $19.3M

U.S. Physical Therapy says Hurricane Ian affected about 50 clinics, ~$395K in lost sales

U.S. Physical Therapy, Inc. to Report Q3, 2022 Results on Nov 03, 2022

What Is U.S. Physical Therapy, Inc.'s (NYSE:USPH) Share Price Doing?

U.S. Physical Therapy, Inc. (NYSE:USPH) acquired 80% stake in Two-Clinic Physical Therapy Practice for $4.2 million.

U.S. Physical Therapy acquires two-clinic practice

Director recently bought US$78k worth of stock

We Think U.S. Physical Therapy (NYSE:USPH) Can Stay On Top Of Its Debt

U.S. Physical Therapy, Inc. (NYSE:USPH) acquired a 70% stake in six-clinic physical therapy practice in West Virginia and Pennsylvania for $3.5 million.

Independent Director recently bought US$82k worth of stock

U.S. Physical Therapy: All Is Not Over, Hold For Now

U.S. Physical Therapy goes ex-dividend tomorrow

Executive VP notifies of intention to sell stock

Upcoming dividend of US$0.41 per share

Second quarter 2022 earnings: EPS and revenues miss analyst expectations

U.S. Physical Therapy, Inc. Declares Quarterly Dividend, Payable on September 16, 2022

U.S. Physical Therapy, Inc. to Report Q2, 2022 Results on Aug 04, 2022

Is There An Opportunity With U.S. Physical Therapy, Inc.'s (NYSE:USPH) 37% Undervaluation?

What Is U.S. Physical Therapy, Inc.'s (NYSE:USPH) Share Price Doing?

Is U.S. Physical Therapy (NYSE:USPH) Using Too Much Debt?

First quarter 2022 earnings: EPS and revenues exceed analyst expectations

U.S. Physical Therapy, Inc. Declares Quarterly Dividend, Payable on June 14, 2022

Insufficient new directors

U.S. Physical Therapy, Inc. to Report Q1, 2022 Results on May 05, 2022

U.S. Physical Therapy, Inc., Annual General Meeting, May 17, 2022

Investors Could Be Concerned With U.S. Physical Therapy's (NYSE:USPH) Returns On Capital

U.S. Physical Therapy, Inc. (NYSE:USPH) acquired a 70% stake in Madden and Gilbert Physical Therapy, LP from Chad Madden, Michael Gilbert and others for $11.5 million.

Independent Director recently sold US$315k worth of stock

Chief Operating Officer of East recently sold US$192k worth of stock

Upcoming dividend of US$0.41 per share

U.S. Physical Therapy (NYSE:USPH) Has Announced That It Will Be Increasing Its Dividend To US$0.41

Full year 2021 earnings: EPS misses analyst expectations

U.S. Physical Therapy, Inc. Declares Quarterly Dividend, Payable on April 8, 2022

What Is U.S. Physical Therapy, Inc.'s (NYSE:USPH) Share Price Doing?

An Intrinsic Calculation For U.S. Physical Therapy, Inc. (NYSE:USPH) Suggests It's 27% Undervalued