Zakhour Nancy 4

What Happened
Nancy Zakhour, a director of Perma-Pipe International Holdings, Inc. (PPIH), was granted 2,648 restricted shares on 2026-06-24. The Form 4 reports the shares were acquired at $0.00 per share (total reported value $0), indicating a compensation award rather than a market purchase.

Key Details

• Transaction date: 2026-06-24; Form 4 filed: 2026-06-26 (filed within the typical two-business-day window).
• Transaction type: Award/Grant (code A). Price reported: $0.00 per share; total reported value $0.
• Shares granted: 2,648 restricted common shares.
• Shares owned following the transaction: not disclosed in the filing.
• Footnote: Restricted shares vest on the first anniversary of the grant date (per F1).

Context
This was a compensation grant (restricted stock award) to a director, not an open-market purchase or sale. Restricted shares typically cannot be sold until they vest, so this does not represent an immediate buy or sell signal. Such grants are common for directors and are used as long-term compensation rather than an expression of near-term trading intent.