Form 4: PERMA FIX EVP Exercises Stock Options, Boosts Stake

Richard Grondin, EVP of Perma-Fix Environmental Services, exercised stock options, increasing his direct beneficial ownership by 6,716 shares.

Summary

• Richard Grondin, Executive Vice President of Hanford & International Waste Operations at PERMA FIX ENVIRONMENTAL SERVICES INC (PESI), executed two incentive stock option exercises on January 20, 2026.
• The first exercise involved 5,000 shares of Common Stock at an exercise price of $7.005 per share, originating from an option granted on October 14, 2021.
• The second exercise involved 6,000 shares of Common Stock at an exercise price of $3.95 per share, from an option granted on January 19, 2023.
• To cover the aggregate exercise prices of $35,025 and $23,700 respectively, the company withheld a total of 4,284 shares (2,555 shares from the first exercise and 1,729 shares from the second) at a fair market value of $13.71 per share.
• Following these transactions, Grondin's direct beneficial ownership of PERMA FIX ENVIRONMENTAL SERVICES INC Common Stock increased to 41,308 shares.

Sentiment

Score: 7

Explanation: The exercise of stock options by a key executive, resulting in a net increase in direct beneficial ownership, generally signals management confidence in the company's future prospects. These transactions are routine compensation events, but the 'in-the-money' nature and net increase in holdings are positive indicators.

Positives

• A key executive, Richard Grondin, exercised a significant number of stock options, indicating confidence in the company's current valuation and future prospects.
• The exercise prices of $7.005 and $3.95 are substantially below the fair market value of $13.71 on the transaction date, demonstrating that the options were 'in the money' and profitable for the insider.
• The transactions resulted in a net increase of 6,716 shares in the executive's direct beneficial ownership, aligning management's interests with those of shareholders.

Negatives

• A portion of the exercised shares, totaling 4,284 shares, were withheld by the company to cover the exercise price, which is a standard practice but reduces the net shares received by the executive.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: May interpret the executive's decision to exercise options and increase direct ownership as a positive signal of confidence in the company's long-term value and operational performance.
• Employees: The transactions reflect standard executive compensation practices under the company's 2017 Stock Option Plan.

Key Dates

Recommendation

While the insider's exercise of stock options is a positive signal of confidence, this Form 4 filing primarily reports a routine compensation event rather than a new strategic investment or a significant shift in company fundamentals. It provides limited new information to warrant a change in investment recommendation based solely on this filing. Investors should consider broader company fundamentals, market conditions, and other financial disclosures for a comprehensive investment decision.

Keywords

PERMA FIX ENVIRONMENTAL SERVICES INC, PESI, insider transaction, stock option exercise, executive compensation, beneficial ownership, Richard Grondin