Alkuwari Ibrahim 4

What Happened Alkuwari Ibrahim, a director of Perma-Pipe International Holdings, Inc. (PPIH), received an award of 2,648 restricted common shares on June 24, 2026. The Form 4 reports the acquisition as an award/grant (transaction code A) at a reported price of $0.00 (total reported cost $0). These are restricted shares that vest on the first anniversary of the grant date.

Key Details

• Transaction date: 2026-06-24; Filing date: 2026-06-29 (filed 5 days after the transaction).
• Price: $0.00 per share; total reported consideration $0 (award/grant).
• Shares acquired: 2,648 restricted shares.
• Shares owned after transaction: Not disclosed in the provided filing excerpt.
• Footnote: Restricted shares vest on the first anniversary of the grant date.
• Timeliness: Filing appears later than the typical Form 4 deadline (usually within two business days), which may be noted by regulators or investors.

Context This was an equity award (not a market purchase or sale), so it does not represent an immediate cash investment or disposition. Restricted-share grants are common compensation for directors and generally vest over time; they typically do not signal near-term selling. As always, awards are compensation-related and should be considered alongside other insider transactions and company fundamentals.