Form 4: Perma-Pipe International Holdings CEO Reports Tax-Related Stock Disposal
SEC Form 4 Filing
David J. Mansfield, President & CEO of Perma-Pipe International Holdings, Inc., reports the disposal of shares to cover tax obligations related to vesting restricted stock.
Summary
- On June 14, 2024, David J. Mansfield, the President & CEO of Perma-Pipe International Holdings, Inc. (PPIH), reported a transaction involving common stock.
- Mansfield disposed of 5,828 shares of common stock to satisfy tax withholding obligations associated with the vesting of restricted stock.
- The shares were disposed of at a price of $9.3.
- Following the transaction, Mansfield directly owns 254,243 shares of Perma-Pipe International Holdings, Inc.
Sentiment
Score: 5
Explanation: The filing reflects a routine transaction related to tax obligations, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard practice of covering tax obligations related to stock vesting.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine disposal of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 06/14/2024 | Date of transaction: Disposal of shares for tax obligations. |
| 06/18/2024 | Date of signature for the Form 4 filing. |
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