What price per share was used for the PPIH tax-withholding disposition?

The tax-withholding disposition used a value of $27.30 per Perma-Pipe (PPIH) common share. This figure is applied to the 1,070 withheld shares for calculating the tax liability related to the vesting restricted stock award.

Perma-Pipe (PPIH) CFO reports 1,070-share tax withholding, holds 23,965 shares

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Perma-Pipe International Holdings, Inc. Chief Financial Officer Matthew Earl Lewicki reported a routine tax-related share disposition. On the vesting of restricted stock, 1,070 shares of common stock were withheld by the company at $27.30 per share to cover tax obligations. After this non-market transaction, he directly holds 23,965 common shares.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Lewicki Matthew Earl

Role Chief Financial Officer

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	1,070	$27.30	$29K

Holdings After Transaction: Common Stock — 23,965 shares (Direct, null)

Footnotes (1)

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Key Figures

Shares withheld for taxes: 1,070 shares Withholding share value: $27.30 per share Shares held after transaction: 23,965 shares +1 more

4 metrics

Shares withheld for taxes 1,070 shares Tax withholding on restricted stock vesting

Withholding share value $27.30 per share Value used for tax-withholding disposition

Shares held after transaction 23,965 shares Direct holdings after tax withholding

Tax-withholding transactions 1 transaction, 1,070 shares Aggregate tax-withholding activity in this Form 4

Key Terms

restricted stock, tax withholding obligations, tax-withholding disposition, Form 4

4 terms

restricted stock financial

"arising upon the vesting of restricted stock"

Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.

tax withholding obligations financial

"to satisfy tax withholding obligations arising upon the vesting"

tax-withholding disposition financial

"transaction_action": "tax-withholding disposition""

A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.

Form 4 regulatory

"INSIDER FILING DATA (Form 4):"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 06/29/2026 - 12:58 PM Accepted by SEC EDGAR 06/29/2026 - 12:58 PM

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).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Lewicki Matthew Earl

(Last)

(First)

(Middle)

2445 TECHNOLOGY FOREST BLVD

SUITE 1010

(Street)

THE WOODLANDS

TEXAS

77381

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Perma-Pipe International Holdings, Inc. [ PPIH ]

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/25/2026

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

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

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

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	06/25/2026		F⁽¹⁾		1,070	D	$27.3	23,965	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. The shares of common stock reported as disposed herein were withheld by the issuer to satisfy tax withholding obligations arising upon the vesting of restricted stock.

	/s/ Matthew E. Lewicki	06/29/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did PPIH CFO Matthew Lewicki report on this Form 4?

Matthew Lewicki reported a tax-related disposition of 1,070 Perma-Pipe (PPIH) common shares. The shares were withheld by the company to satisfy tax obligations triggered when his restricted stock vested, rather than sold in the open market.

How many PPIH shares were withheld for taxes in the latest CFO filing?

The filing shows 1,070 Perma-Pipe (PPIH) common shares withheld for taxes at $27.30 per share. This occurred when restricted stock vested, representing a standard mechanism to cover income tax due on equity compensation.

Is the PPIH CFO’s Form 4 transaction an open-market sale of shares?

No, the transaction is not an open-market sale. The 1,070 Perma-Pipe (PPIH) shares were withheld by the issuer to satisfy tax withholding obligations from restricted stock vesting, a common administrative step for equity awards.

How many PPIH shares does the CFO hold after the reported tax withholding?

Following the tax-withholding disposition, CFO Matthew Lewicki directly holds 23,965 Perma-Pipe (PPIH) common shares. This post-transaction holding amount is disclosed in the Form 4 and reflects his remaining direct equity position.