Form 4: Former Perma-Pipe CEO David Mansfield Reports Routine Stock Vesting Tax Withholding
Insider Transaction Report
Former Perma-Pipe International Holdings, Inc. President and CEO David J. Mansfield reported the disposition of 5,846 shares of common stock to cover tax withholding obligations related to restricted stock vesting.
Summary
- David J. Mansfield, a Director and Former President & CEO of Perma-Pipe International Holdings, Inc. (PPIH), reported a transaction on July 25, 2025.
- The transaction involved the disposition of 5,846 shares of PPIH common stock.
- These shares were withheld by the issuer at a price of $24.02 per share to satisfy tax withholding obligations associated with the vesting of restricted stock.
- Following this transaction, Mansfield beneficially owns 271,448 shares of common stock directly.
Sentiment
Score: 5
Explanation: The sentiment is neutral as this is a routine, non-discretionary transaction for tax withholding on restricted stock vesting, which is a common occurrence for executives.
Positives
- The transaction is a routine event related to the vesting of restricted stock, indicating the fulfillment of compensation agreements.
Negatives
- No negative aspects are indicated by this routine tax withholding transaction.
Risks
- This Form 4 filing does not contain information regarding company-specific risks.
Future Outlook
This filing is a report of a past insider transaction and does not contain any forward-looking statements or guidance regarding the company's future outlook.
Industry Context
This Form 4 filing is a standard regulatory disclosure of an insider transaction, specifically related to compensation. It does not provide broader industry context or trends.
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
| Former President & CEO | NA | David J. Mansfield | NA | The filing indicates David J. Mansfield's current relationship to the issuer as 'Former President & CEO', but does not announce a new change in management. |
Stakeholder Impact
- Shareholders: This is a routine transaction and is unlikely to have a significant direct impact on shareholders, as it reflects a standard compensation event rather than a discretionary sale.
Key Dates
| Date | Description |
|---|---|
| 07/25/2025 | Date of earliest transaction (disposition of shares for tax withholding). |
| 07/28/2025 | Date the Form 4 was signed by David J. Mansfield. |
Keywords
SEC Form 4, Insider Transaction, Stock Vesting, Tax Withholding, Perma-Pipe International Holdings, PPIH, David J. Mansfield, Restricted Stock
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