[Form 4] Perma-Fix Environmental Services, Inc. Insider Trading Activity

Rhea-AI Filing Summary

The Form 4 filing reports that John Jo Murphy, Claims President of Progressive Corp (PGR), acquired 6.071 restricted stock units (RSUs) on 07/11/2025 through the automatic reinvestment of dividend equivalents. Each RSU represents the right to receive one common share when vested, and these new units will vest concurrently with the underlying awards to which they relate. Following the transaction, Murphy now directly holds 14,989.783 RSUs. The filing uses transaction code “A,” confirming an acquisition at a stated price of $0, indicating no open-market purchase or cash consideration.

Insights

Securities Analyst

TL;DR: Minor RSU dividend reinvestment; negligible share count—routine insider activity with no material impact on Progressive’s valuation.

The reported 6.071 RSUs represent a fraction of Progressive’s total shares outstanding and were acquired automatically via dividend reinvestment, a common administrative event. While insider acquisitions can signal confidence, the scale here is immaterial for valuation or liquidity assessments. Murphy’s aggregate RSU balance of 14,989.783 remains insignificant relative to executive and institutional holdings, and no cash outlay occurred. As such, investors should view this as a routine housekeeping disclosure rather than a market-moving event.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Grondin Richard

(Last) (First) (Middle)

8302 DUNWOODY PLACE

SUITE 250

(Street)

ATLANTA GA 30350

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
PERMA FIX ENVIRONMENTAL SERVICES INC [ PESI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP of Hanford & Int. Waste Op

3. Date of Earliest Transaction (Month/Day/Year)
07/14/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	07/14/2025		M		5,000(1)	A	$7.005	33,780	D
Common Stock	07/14/2025		F		3,094(1)	D	$11.32	30,686	D
Common Stock	07/14/2025		M		6,000(2)	A	$3.95	36,686	D
Common Stock	07/14/2025		F		2,094(2)	D	$11.32	34,592	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option	$7.005	07/14/2025		M			5,000(1)	(3)	10/14/2027	Common Stock	5,000	$0	10,000	D
Stock Option	$3.95	07/14/2025		M			6,000(2)	(4)	01/19/2029	Common Stock	6,000	$0	18,000	D

Explanation of Responses:

1. On July 14, 2025, the Reporting Person exercised the incentive stock option granted 10/14/2021 under the Company's 2017 Stock Option Plan (the "2017 Plan") for the purchase of 5,000 shares of the Company's Common Stock at an exercise price of $7.005 per share (the "Option shares"). As permitted by the 2017 Plan, the Reporting Person elected to pay the exercise price of the Option Shares by having the Company withhold from the Option Shares a number of shares having a fair market value equal to the aggregate exercise price of $35,025. Since the fair market value of the Company's Common Stock on July 14, 2025 (as determined in accordance with the 2017 Plan) was $11.32 per share, the Company withheld 3,094 shares of Common Stock ($35,025 divided by $11.32) to pay the aggregate exercise price of the option.

2. On July 14, 2025, the Reporting Person exercised the incentive stock option granted 1/19/2023 under the Company's 2017 Stock Option Plan (the "2017 Plan") for the purchase of 6,000 shares of the Company's Common Stock at an exercise price of $3.95 per share (the "Option shares"). As permitted by the 2017 Plan, the Reporting Person elected to pay the exercise price of the Option Shares by having the Company withhold from the Option Shares a number of shares having a fair market value equal to the aggregate exercise price of $23,700. Since the fair market value of the Company's Common Stock on July 14, 2025 (as determined in accordance with the 2017 Plan) was $11.32 per share, the Company withheld 2,094 shares of Common Stock ($23,700 divided by $11.32) to pay the aggregate exercise price of the option.

3. Incentive stock option granted 10/14/2021 under the Company's 2017 Stock Option Plan for the purchase of up to 25,000 shares of the Company's Common Stock. The option is for a 6 year period and vests over a 5 year period, at 1/5 increment per year.

4. Incentive stock option granted 01/19/2023 under the Company's 2017 Stock Option Plan for the purchase of up to 30,000 shares of the Company's Common Stock. The option is for a 6 year period and vests over a 5 year period, at 1/5 increment per year.

	/s/ Richard Grondin	07/15/2025
	** Signature of Reporting Person	Date
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FAQ

What type of security did Progressive (PGR) insider John Jo Murphy acquire?

6.071 restricted stock units (RSUs) were acquired on 07/11/2025.

How many RSUs does John Jo Murphy own after the Form 4 transaction?

He now directly holds 14,989.783 RSUs.

What transaction code appears in the July 2025 Form 4 for PGR?

The filing lists transaction code “A” for acquisition.

Did the RSU acquisition involve an open-market purchase?

No. The RSUs were obtained via dividend reinvestment at a stated price of $0.

When will the newly acquired RSUs vest?

They will vest at the same time as the underlying RSU awards to which they relate.

Is the reported ownership direct or indirect?

The filing shows direct (D) ownership for all RSUs.