Louis F. Centofanti - Nov 14, 2024 Form 4 Insider Report for PERMA FIX ENVIRONMENTAL SERVICES INC (PESI)

Role
EVP of Strategic Initiatives, Director
Signature
/s/ Lou Centofanti
Stock symbol
PESI
Transactions as of
Nov 14, 2024
Transactions value $
-$2
Form type
4
Date filed
11/15/2024, 09:15 AM
Previous filing
Dec 11, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PESI Common Stock Options Exercise $47.3K +15K +7.27% $3.15 221K Nov 14, 2024 Direct F1
transaction PESI Common Stock Tax liability -$47.3K -3.44K -1.56% $13.72 218K Nov 14, 2024 Direct F1
holding PESI Common Stock 62.8K Nov 14, 2024 Spouse

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 -15K -100% $0.00 0 Nov 14, 2024 Common Stock 15K $3.15 Direct F1
holding PESI Stock Option 20K Nov 14, 2024 Common Stock 20K $7.01 Direct F2
holding PESI Stock Option 30K Nov 14, 2024 Common Stock 30K $3.95 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On November 14, 2024, the Reporting Person exercised the incentive stock option granted 01/17/2019 under the Company's 2017 Stock Option Plan (the "2017 Plan") for the purchase of 15,000 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 $47,250. Since the fair market value of the Company's Common Stock on November 14, 2024 (as determined in accordance with the 2017 Plan) was $13.72 per share, the Company withheld 3,444 shares of Common Stock ($47,250 divided by $13.72) to pay the aggregate exercise price of the option.
F2 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.
F3 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.