Perma-Pipe CFO receives 6,716-share equity grant

Lewicki Matthew Earl reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Lewicki Matthew Earl reported acquisition or exercise transactions in this Form 4 filing.

Perma-Pipe International Holdings, Inc. reported that Chief Financial Officer Matthew Earl Lewicki received a grant of 6,716 shares of common stock as equity compensation. The award was made at no cash cost to him and increases his direct holdings to 25,035 shares.

The granted shares are restricted and vest in three equal installments, with one-third vesting on each of the first three anniversaries of the grant date. This structure encourages longer-term alignment between the CFO and other shareholders, as full ownership depends on continued service over time.

Insider Trade Summary

Grant/Award: 6,716 shares

Grant/Award 1 txn

Insider Lewicki Matthew Earl

Role Chief Financial Officer

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	6,716	$0.00	$0.00

Holdings After Transaction: Common Stock — 25,035 shares (Direct)

Footnotes (1)

1. F1. Restricted shares that vest 1/3 on each of the first three anniversaries of the grant date.

Key Figures

Restricted stock grant: 6,716 shares Grant price: $0.0000 per share Holdings after grant: 25,035 shares +1 more

4 metrics

Restricted stock grant 6,716 shares Common Stock granted to CFO on 2026-06-24

Grant price $0.0000 per share Equity award with no cash paid by CFO

Holdings after grant 25,035 shares Total direct common stock held by CFO post-transaction

Vesting schedule 1/3 per year for 3 years Restricted shares vest on each of first three anniversaries

Key Terms

Restricted shares, Grant, award, or other acquisition, Chief Financial Officer

3 terms

Restricted shares financial

"Restricted shares that vest 1/3 on each of the first three anniversaries"

Restricted shares are company stock that cannot be sold or transferred immediately because they are subject to legal or contractual limits, such as a required holding period or performance conditions. They matter to investors because these locked-up shares can affect a company’s available stock for trading, future dilution, and insider incentives—imagine a gift that can’t be cashed until certain conditions are met, which changes when and how much supply can suddenly enter the market.

Grant, award, or other acquisition financial

"transaction code description is "Grant, award, or other acquisition""

Chief Financial Officer financial

"officer_title is "Chief Financial Officer" for the reporting person"

A Chief Financial Officer (CFO) is the person in charge of a company's money and financial planning. They decide how to spend, save, and invest funds to help the company grow and stay stable. Their role is important because good financial decisions keep the company healthy and successful.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Perma-Pipe (PPIH) disclose for its CFO?

Perma-Pipe disclosed that CFO Matthew Earl Lewicki received a grant of 6,716 shares of common stock. These are restricted shares awarded as compensation, not bought on the market, and increase his direct holdings to 25,035 shares following the transaction.

Was the Perma-Pipe (PPIH) CFO Form 4 transaction a purchase or a grant?

The Form 4 shows a grant, not a market purchase. Transaction code “A” indicates a grant, award, or other acquisition, and the price per share is reported as 0.0000, confirming it was compensation rather than an open-market buy.

How do the granted Perma-Pipe (PPIH) shares to the CFO vest over time?

The 6,716 restricted shares vest in three equal installments. One-third of the award vests on each of the first three anniversaries of the grant date, so full ownership is earned gradually over a three-year period, contingent on continued service.

How many Perma-Pipe (PPIH) shares does the CFO hold after this Form 4?

After the grant, CFO Matthew Earl Lewicki directly holds 25,035 shares of Perma-Pipe common stock. This total includes the newly granted restricted shares, which will become fully owned only as they vest over the three-year vesting schedule.

What does transaction code "A" mean in the Perma-Pipe (PPIH) CFO Form 4?

Transaction code “A” on the Form 4 is defined as a grant, award, or other acquisition. In this case, it reflects a restricted stock grant of 6,716 common shares to the CFO, awarded at no cash cost as part of his compensation package.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 06/26/2026 - 12:56 PM EDT Learn about SEC filing dates

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)
06/24/2026

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	06/24/2026		A(1)		6,716	A	$0	25,035	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

Explanation of Responses:

1. Restricted shares that vest 1/3 on each of the first three anniversaries of the grant date.

	/s/ Matthew E. Lewicki	06/26/2026
	** 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)