Perma-Pipe (NASDAQ: PPIH) CFO has shares withheld to cover tax on restricted stock vesting

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, 497 shares of common stock were withheld by the company at $28.05 per share to cover tax obligations, leaving him with 18,319 directly held 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	497	$28.05	$14K

Holdings After Transaction: Common Stock — 18,319 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Shares withheld for taxes: 497 shares Withholding price per share: $28.05 per share Shares held after transaction: 18,319 shares +1 more

4 metrics

Shares withheld for taxes 497 shares Common Stock withheld to satisfy tax obligations on restricted stock vesting

Withholding price per share $28.05 per share Value used for tax-withholding disposition of 497 shares

Shares held after transaction 18,319 shares Directly held Perma-Pipe common stock following tax withholding

Transaction code F Payment of tax liability by delivering securities

Key Terms

tax withholding obligations, restricted stock, Form 4, Chief Financial Officer

4 terms

tax withholding obligations financial

"were withheld by the issuer to satisfy tax withholding obligations arising upon the vesting"

restricted stock financial

"obligations 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.

Form 4 regulatory

"PPIH CFO’s Form 4 does not show an open-market sale"

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.

Chief Financial Officer financial

"Chief Financial Officer Matthew Earl Lewicki reported a routine tax-related share disposition"

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.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 06/23/2026 - 05:43 PM Accepted by SEC EDGAR 06/23/2026 - 05:43 PM 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)
06/22/2026

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	06/22/2025		F(1)		497	D	$28.05	18,319	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. 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	06/23/2026
	** 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)

FAQ

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

Perma-Pipe (PPIH) CFO Matthew Lewicki reported a tax-withholding disposition of 497 common shares. The shares were withheld by the company to satisfy tax obligations triggered by the vesting of restricted stock, rather than sold in an open-market transaction.

At what price were the PPIH shares withheld for the CFO’s tax obligations?

The 497 Perma-Pipe (PPIH) common shares were withheld at $28.05 per share. This price is used to calculate the value of shares applied toward the CFO’s tax withholding on the vesting of his restricted stock award.

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

After the tax-withholding disposition, PPIH CFO Matthew Lewicki directly holds 18,319 common shares. This figure reflects his position following the restricted stock vesting event and the withholding of 497 shares to satisfy related tax obligations.

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

No, the PPIH CFO’s Form 4 does not show an open-market sale. The 497 shares of common stock were withheld by Perma-Pipe to cover tax liabilities arising from restricted stock vesting, a standard non-market transaction for equity compensation.

What does the tax-withholding disposition code F mean on this PPIH Form 4?

Transaction code F on the PPIH Form 4 indicates a tax-withholding disposition. It shows that shares were delivered back to the issuer to satisfy exercise price or tax liabilities, here tied to the vesting of restricted stock, not a discretionary market trade.