Form 4: Perma-Fix Director Joe Reeder Acquires Shares and Holds Stock Options
SEC Form 4 Filing
Director Joe Reeder of Perma-Fix Environmental Services Inc. acquired 1,822 shares of common stock at $8.3025 per share on January 2, 2025, and holds multiple stock options.
Summary
- Joe Reeder, a director at Perma-Fix Environmental Services Inc., acquired 1,822 shares of common stock on January 2, 2025, at a price of $8.3025 per share.
- Following this transaction, Mr. Reeder directly owns 241,591 shares of Perma-Fix common stock.
- Mr. Reeder also holds several non-qualified stock options granted under the company's 2003 Outside Directors Stock Plan.
- These options allow him to purchase shares at prices ranging from $5.15 to $10.20, with varying expiration dates.
- The options vest over a four-year period from their respective grant dates, with 1/4 vesting each year.
Sentiment
Score: 6
Explanation: The document reflects a routine transaction by a director, which is generally neutral. The acquisition of shares could be seen as a positive sign, but it's not a major event.
Positives
- The acquisition of shares by a director may signal confidence in the company's future prospects.
- The director's continued holding of stock options indicates a long-term commitment to the company.
Industry Context
This is a standard SEC Form 4 filing, which is common for publicly traded companies when insiders such as directors or officers make transactions in the company's securities. It provides transparency into the ownership changes of key personnel.
Comparison to Industry Standards
- The vesting schedule of the stock options, with 1/4 vesting each year over four years, is a common practice in the industry for director compensation.
- The exercise prices of the options are typical for stock options granted to directors, often set at or above the market price at the time of grant.
- The reporting of these transactions is in line with SEC regulations for insider trading and beneficial ownership.
Stakeholder Impact
- The transaction may have a minor positive impact on shareholder sentiment due to the director's increased investment in the company.
Key Dates
| Date | Description |
|---|---|
| 07/20/2021 | Grant date of non-qualified stock option for 10,000 shares at $5.93, vesting over four years. |
| 07/21/2022 | Grant date of non-qualified stock option for 10,000 shares at $5.15, vesting over four years. |
| 07/20/2023 | Grant date of non-qualified stock option for 10,000 shares at $9.81, vesting over four years. |
| 07/18/2024 | Grant date of non-qualified stock option for 10,000 shares at $10.20, vesting over four years. |
| 01/02/2025 | Date of common stock acquisition by Joe Reeder. |
| 01/06/2025 | Date of filing of the Form 4. |
| 07/20/2031 | Expiration date of stock option for 5,000 shares at $5.93. |
| 07/21/2032 | Expiration date of stock option for 7,500 shares at $5.15. |
| 07/20/2033 | Expiration date of stock option for 10,000 shares at $9.81. |
| 07/18/2034 | Expiration date of stock option for 10,000 shares at $10.20. |
Keywords
Perma-Fix, stock options, share acquisition, director, insider trading, beneficial ownership, equity securities
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