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

Rhea-AI Filing Summary

Perma-Fix Environmental Services, Inc. (PESI) filed a Form 4 reporting a routine equity-compensation grant to non-employee director Joe Reeder on 07/24/2025.

• Type of security: Non-qualified stock option covering 10,000 shares of PESI common stock.
• Exercise price: $12.23 per share.
• Vesting schedule: 25% per year over four years under the 2003 Outside Directors Stock Plan.
• Expiration date: 07/24/2035.
• Ownership form: Direct; no common-stock acquisitions or dispositions were reported.

No cash transaction occurred, and the filing introduces no immediate earnings or cash-flow effects. The event is considered routine director compensation with limited near-term impact on shareholders.

Positive

• 10,000 stock options create alignment between the director and shareholders without immediate cash outlay.

Negative

• Future option exercise could cause minor dilution, though size appears immaterial.

Insights

Securities Analyst

TL;DR: Routine option grant; negligible near-term financial impact.

The Form 4 details a standard 10,000-share option award to director Joe Reeder at a $12.23 strike. Because the award vests over four years and is not exercised, PESI’s share count and cash position remain unchanged. The filing does not signal insider bullishness or concern—no open-market purchase or sale occurred. Investors should treat this as neutral housekeeping rather than a catalyst.

Corporate Governance Expert

TL;DR: Option aligns director incentives; governance-neutral.

Granting stock options to outside directors is common practice to link board interests with shareholder value. The four-year vesting promotes long-term oversight. Neither excessive size nor unusual terms are evident, so the grant appears consistent with best-practice compensation policies. Governance risk is minimal.

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

Duggan Kerry C

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
07/24/2025

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

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 (Right to Buy)	$12.23	07/24/2025		A		10,000		(1)	07/24/2035	Common Stock	10,000	$0	10,000	D

Explanation of Responses:

1. Non-Qualified Stock Option granted 07/24/2025 under the Company's 2003 Outside Directors Stock Plan. The option vests over a four year period, at 1/4 increment per year.

	/s/ Kerry Duggan	07/25/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider activity was disclosed for PESI?

Director Joe Reeder received 10,000 stock options on 07/24/2025 at a $12.23 strike price.

Does the Form 4 show any PESI stock being bought or sold?

No. The filing reports only an option grant; no common-stock transactions occurred.

When do the new PESI options vest?

The options vest in four equal annual installments—25% each year—starting from the grant date.

When do the PESI director options expire?

The options expire on 07/24/2035 unless exercised earlier.

Is this option grant material to Perma-Fix investors?

The award is considered routine director compensation and is unlikely to be financially material in the short term.