Perma-Pipe (PPIH) CEO Sagr Saleh Receives 21,509-Share Award

What Happened Sagr Saleh, President & CEO and a director of Perma-Pipe International Holdings, was granted 21,509 shares on 2026-06-24 as an award (reported on Form 4). The reported acquisition price is $0, so this is a non‑cash grant (likely restricted stock/RSUs); total reported consideration = $0. This is an award/acquisition rather than an open‑market purchase or sale.

Key Details

• Transaction date: 2026-06-24; Form 4 filed: 2026-06-26 (filed within the standard two-business-day window).
• Transaction type/code: A — grant/award or other acquisition.
• Shares granted: 21,509; acquisition price reported: $0; reported total value: $0.
• Vesting: Restricted shares vest one‑third on each of the first three anniversaries of the grant date (per footnote).
• Shares owned after transaction: not specified in the summary filing.
• No 10b5-1 plan, tax‑withholding, or sale noted in this filing.

Context This is a time‑vesting equity award, not an immediate market purchase — such grants are common for executive compensation and align incentives over multiple years. Because the shares vest over time, the transaction does not directly indicate a near‑term buy or sell decision by the insider.