U S Physical Therapy (USPH) executive compensation, 2026 proxy

Christopher J. Reading, Chief Executive Officer, was paid $4.5M in 2025, up 23% from $3.6M the year before.

Filed
April 16, 2026
Annual meeting
May 19, 2026
Pay year
2025
Named executives
5
CEO total pay
$4.5M+23% vs prior year
CEO pay in equity
44%$2M in awards
CEO Total Compensation
$4,468,314Fiscal 2025 total pay
CEO Base Salary
$1,003,125Fiscal 2025 salary
Median Employee Pay
$48,133SEC calculation method
CEO to Median Pay Ratio
92.8:1Including on-call employees

How Reading was paid

$4.5M in total for 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.

Salary22%Stock awards44%Non-equity incentive34%All other compensation0%

Named executive officers

ExecutiveTotal
Christopher J. ReadingChief Executive Officer$4,468,314
Carey P. HendricksonChief Financial Officer$1,892,337
Graham D. ReeveChief Operating Officer - West$2,233,380
Eric J. WilliamsPresident, Chief Operating Officer - East$2,702,339
Richard S. BinsteinExecutive Vice President, General Counsel and Secretary$1,743,836

What changed and why

  • $4.5MChristopher J. Reading received total compensation of $4,468,314 for fiscal year 2025.
  • Adjusted EBITDA served as the primary financial performance metric linking executive compensation.
  • The CEO-to-median-employee pay ratio was 92.8 to 1.
  • Carey P. Hendrickson announced his resignation as Chief Financial Officer effective April 24, 2026.

About this page

Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.