Form 4: PERMA FIX Environmental Services Executive Exercises Stock Options, Increases Stake

Richard Grondin, EVP of Hanford & International Waste Operations at PERMA FIX Environmental Services, exercised stock options on July 14, 2025, resulting in a net increase of 5,812 shares in his direct beneficial ownership.

Summary

• Richard Grondin, EVP of Hanford & International Waste Operations, exercised two sets of incentive stock options on July 14, 2025.
• The first exercise involved 5,000 shares at an exercise price of $7.005 per share, granted on October 14, 2021, under the Company's 2017 Stock Option Plan.
• To cover the aggregate exercise price of $35,025, the company withheld 3,094 shares of Common Stock, valued at $11.32 per share (the fair market value on the transaction date).
• The second exercise involved 6,000 shares at an exercise price of $3.95 per share, granted on January 19, 2023, under the same 2017 Stock Option Plan.
• To cover the aggregate exercise price of $23,700, the company withheld 2,094 shares of Common Stock, also valued at $11.32 per share.
• Following these transactions, Grondin's direct beneficial ownership of Common Stock increased by a net of 5,812 shares, reaching a total of 34,592 shares.
• He retains 10,000 unexercised stock options from the October 14, 2021 grant and 18,000 unexercised stock options from the January 19, 2023 grant.

Sentiment

Score: 7

Explanation: The sentiment is moderately positive. While the transaction is routine for executive compensation, the fact that options were exercised (implying the stock is 'in the money') and resulted in a net increase in the executive's direct ownership can be seen as a positive signal of confidence in the company's value.

Positives

• Richard Grondin, a key executive, increased his direct beneficial ownership of PERMA FIX Environmental Services Common Stock by 5,812 shares through option exercises.
• The fair market value of the Common Stock on the transaction date ($11.32 per share) was significantly higher than both exercise prices ($7.005 and $3.95), indicating the options were 'in the money' and profitable for the executive.
• The exercise of options demonstrates the executive's continued confidence in the company's future prospects.

Negatives

• A significant number of shares (5,188 shares total) were withheld by the company to cover the exercise price, reducing the net shares received by the executive.

Future Outlook

The document does not provide any forward-looking statements or guidance regarding the company's future performance or strategic direction.

Industry Context

This Form 4 filing details an individual executive's stock option exercise, which is a routine compensation event and does not directly relate to broader industry trends or competitive dynamics. It reflects an executive's personal financial planning and equity compensation realization within the environmental services sector.

Related Party Transactions

• The reported transactions involve the exercise of stock options by Richard Grondin, an executive officer of PERMA FIX Environmental Services, which constitutes a related party transaction between the company and its management.

Stakeholder Impact

• Shareholders: The exercise of options and subsequent increase in executive ownership may be viewed positively as it aligns management's interests with those of shareholders. The withholding of shares to cover exercise costs is a standard practice and does not dilute existing shareholders beyond the initial option grant.
• Employees: The transaction is part of an executive's compensation plan and does not directly impact the broader employee base.
• Customers, Suppliers, Creditors: No direct impact on these stakeholders is indicated by this filing.

Key Dates

Recommendation

Keywords

PERMA FIX ENVIRONMENTAL SERVICES, PESI, SEC Form 4, Stock Option Exercise, Insider Trading, Beneficial Ownership, Richard Grondin, Executive Compensation, Equity Compensation, Common Stock