Form 4: Perma-Pipe CFO Matthew Lewicki Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
Matthew Lewicki, CFO of Perma-Pipe International Holdings, Inc., disposed of 583 shares of common stock on June 24, 2024, to satisfy tax withholding obligations related to vesting restricted stock.
Summary
- On June 24, 2024, Matthew Lewicki, the Chief Financial Officer of Perma-Pipe International Holdings, Inc., disposed of 583 shares of common stock.
- The transaction was executed to cover tax withholding obligations associated with the vesting of restricted stock.
- Following the transaction, Lewicki directly owns 3,515 shares of Perma-Pipe International Holdings, Inc.
Sentiment
Score: 5
Explanation: This is a neutral event. It reflects a standard transaction for tax purposes and doesn't necessarily indicate a positive or negative outlook for the company.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction is a common occurrence where executives sell shares to cover tax obligations related to vesting equity.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine sale of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 06/24/2024 | Date of transaction: Matthew Lewicki disposed of 583 shares of common stock. |
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