Richard Grondin - Mar 26, 2024 Form 4 Insider Report for PERMA FIX ENVIRONMENTAL SERVICES INC (PESI)

Signature
/s/ Richard Grondin
Stock symbol
PESI
Transactions as of
Mar 26, 2024
Transactions value $
$4
Form type
4
Date filed
3/27/2024, 04:30 PM
Previous filing
Oct 4, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PESI Common Stock Options Exercise $6.3K +2K +10.29% $3.15 21.4K Mar 26, 2024 Direct F1
transaction PESI Common Stock Tax liability -$6.31K -545 -2.54% $11.57 20.9K Mar 26, 2024 Direct F1
transaction PESI Common Stock Options Exercise $70.1K +10K +47.89% $7.01 30.9K Mar 26, 2024 Direct F2
transaction PESI Common Stock Tax liability -$70K -6.05K -19.6% $11.57 24.8K Mar 26, 2024 Direct F2
transaction PESI Common Stock Options Exercise $23.7K +6K +24.17% $3.95 30.8K Mar 26, 2024 Direct F3
transaction PESI Common Stock Tax liability -$23.7K -2.05K -6.64% $11.57 28.8K Mar 26, 2024 Direct F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction PESI Stock Option Options Exercise $0 -2K -100% $0.00* 0 Mar 26, 2024 Common Stock 2K $3.15 Direct F1, F4
transaction PESI Stock Option Options Exercise $0 -10K -40% $0.00 15K Mar 26, 2024 Common Stock 10K $7.01 Direct F2, F5
transaction PESI Stock Option Options Exercise $0 -6K -20% $0.00 24K Mar 26, 2024 Common Stock 6K $3.95 Direct F3, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On March 26, 2024, the Reporting Person exercised the incentive stock option granted 1/17/2019 under the Company's 2017 Stock Option Plan (the "2017 Plan") for the purchase of the remaining 2,000 shares of the 10,000 shares of the Company's Common Stock at an exercise price of $3.15 per share (the "Option shares"). As permitted by the 2017 Plan, the Reporting Person elected to pay the exercise price of the Option Shares by having the Company withhold from the Option Shares a number of shares having a fair market value equal to the aggregate exercise price of $6,300. Since the fair market value of the Company's Common Stock on March 26, 2024 (as determined in accordance with the 2017 Plan) was $11.57 per share, the Company withheld 545 shares of Common Stock ($6,300 divided by $11.57) to pay the aggregate exercise price of the option.
F2 On March 26, 2024, the Reporting Person exercised the incentive stock option granted 10/14/2021 under the Company's 2017 Stock Option Plan (the "2017 Plan") for the purchase of 10,000 of the 25,000 shares of the Company's Common Stock at an exercise price of $7.005 per share (the "Option shares"). As permitted by the 2017 Plan, the Reporting Person elected to pay the exercise price of the Option Shares by having the Company withhold from the Option Shares a number of shares having a fair market value equal to the aggregate exercise price of $70,050. Since the fair market value of the Company's Common Stock on March 26, 2024 (as determined in accordance with the 2017 Plan) was $11.57 per share, the Company withheld 6,054 shares of Common Stock ($70,050 divided by $11.57) to pay the aggregate exercise price of the option.
F3 On March 26, 2024, the Reporting Person exercised the incentive stock option granted 1/19/2023 under the Company's 2017 Stock Option Plan (the "2017 Plan") for the purchase of 6,000 of the 30,000 shares of the Company's Common Stock at an exercise price of $3.95 per share (the "Option shares"). As permitted by the 2017 Plan, the Reporting Person elected to pay the exercise price of the Option Shares by having the Company withhold from the Option Shares a number of shares having a fair market value equal to the aggregate exercise price of $23,700. Since the fair market value of the Company's Common Stock on March 26, 2024 (as determined in accordance with the 2017 Plan) was $11.57 per share, the Company withheld 2,048 shares of Common Stock ($23,700 divided by $11.57) to pay the aggregate exercise price of the option.
F4 Incentive Stock Option granted 01/17/2019 under the Company's 2017 Stock Option Plan. The Option is for a 6 year period and vests over a 5 year period, at 1/5 increment per year.
F5 Incentive stock option granted 10/14/2021 under the Company's 2017 Stock Option Plan. The option is for a 6 year period and vests over a 5 year period, at 1/5 increment per year.
F6 Incentive stock option granted 01/19/2023 under the Company's 2017 Stock Option Plan. The option is for a 6 year period and vests over a 5 year period, at 1/5 increment per year.