BIRO JON C 4

What Happened Jon C. Biro, a director of Perma-Pipe International Holdings, Inc. (PPIH), was granted 3,144 shares on 2026-06-24. The transaction is reported as an award/grant (transaction code A) with an acquisition price of $0.00 (i.e., shares were granted as compensation rather than purchased). No cash changed hands at grant.

Key Details

• Transaction date: 2026-06-24; Form 4 filed: 2026-06-26 (appears timely — within the usual 2 business-day reporting window).
• Transaction type/code: Award/Grant (A).
• Shares acquired: 3,144; Price per share reported: $0.00; reported total value at grant: $0.
• Shares owned after transaction: Not provided in the summary information supplied.
• Footnote: These are restricted shares that vest on the first anniversary of the grant date (see footnote F1).

Context This was a compensation-related grant of restricted stock, common for directors and executives. Restricted shares typically vest over time (here, one year) and are not immediately liquid; such awards are routine director compensation and do not by themselves indicate a buy/sell market signal.