Form 4: Perma-Fix Director Grumski Acquires Shares and Holds Stock Options
SEC Form 4
Director Joseph Timothy Grumski reports acquisition of Perma-Fix Environmental Services Inc. shares and holds multiple stock options.
Summary
- On April 1, 2024, Joseph Timothy Grumski, a director of Perma-Fix Environmental Services Inc. (PESI), acquired 1,892 shares of common stock at a price of $8.9175 per share.
- Following this transaction, Grumski directly owns 50,870 shares of Perma-Fix common stock.
- Grumski also holds multiple non-qualified stock options granted under the company's 2003 Outside Directors Stock Plan.
- These options allow him to purchase shares of common stock at exercise prices ranging from $5.15 to $9.81.
- The options were granted on various dates between February 4, 2020, and July 20, 2023, and vest over different periods.
Sentiment
Score: 6
Explanation: Neutral sentiment. The director's purchase is a positive sign, but it's a relatively small transaction. The existence of stock options is standard for director compensation.
Positives
- The director's purchase of shares could be interpreted as a positive signal, indicating confidence in the company's future prospects.
Industry Context
This filing is a routine disclosure required by the SEC for corporate insiders, and it provides transparency regarding the transactions of company directors.
Stakeholder Impact
- The director's stock purchase could have a slightly positive impact on shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 02/04/2020 | Grant date of Non-Qualified Stock Option with an exercise price of $7.00, vesting fully six months from the grant date and expiring on 02/04/2030. |
| 07/22/2020 | Grant date of Non-Qualified Stock Option with an exercise price of $6.70, vesting fully six months from the grant date and expiring on 07/22/2030. |
| 07/20/2021 | Grant date of Non-Qualified Stock Option with an exercise price of $5.93, vesting over a four-year period, at 1/4 increment per year and expiring on 07/20/2031. |
| 07/21/2022 | Grant date of Non-Qualified Stock Option with an exercise price of $5.15, vesting over a four-year period, at 1/4 increment per year and expiring on 07/21/2032. |
| 07/20/2023 | Grant date of Non-Qualified Stock Option with an exercise price of $9.81, vesting over a four-year period, at 1/4 increment per year and expiring on 07/20/2033. |
| 04/01/2024 | Date of transaction where Joseph Timothy Grumski acquired 1,892 shares of Common Stock at $8.9175. |
| 04/02/2024 | Date of signature for the Form 4 filing. |
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