Perma-Fix (PESI) Director Kerry C. Duggan Receives Award of 10,000 Options

What Happened

• Kerry C. Duggan, a director of Perma-Fix Environmental Services, was granted a derivative award of 10,000 shares on 2026-07-22. The Form 4 records this as an award/grant (code A) with an acquisition amount of $0.00 — the filing indicates these are non‑qualified stock options (NQSOs), not direct stock purchases or sales.
• The grant has no immediate cash value reported on the Form 4; it conveys the right to acquire shares in the future subject to the option terms and vesting schedule.

Key Details

• Transaction date: 2026-07-22; Form 4 filed: 2026-07-23 (timely).
• Reported amount: 10,000 (derivative award) at $0.00 on the Form 4.
• Vesting: NQSO vests in four equal annual installments of 25% each, beginning on the first anniversary of the grant (per footnote).
• Plan: Granted under the Company’s 2003 Outside Directors Stock Plan (footnote F1).
• Shares owned after transaction: not specified in the Form 4 filing.
• Filing timeliness: Filed the next business day after the grant date; no late filing indicated.

Context

• This was a compensation grant (options), not an exercise or sale. It gives the director the right to buy shares later under the option terms; the Form 4 does not disclose the exercise/strike price or whether options are incentive or cashless upon exercise.
• Director awards are common as part of outside director compensation and do not by themselves indicate buying/selling sentiment.