LOUIS F. CENTOFANTI - 14 Nov 2024 Form 4 Insider Report for PERMA FIX ENVIRONMENTAL SERVICES INC (PESI)

Role
EVP of Strategic Initiatives, Director
Signature
/s/ Lou Centofanti
Issuer symbol
PESI
Transactions as of
14 Nov 2024
Net transactions value
-$1.68
Form type
4
Filing time
15 Nov 2024, 09:15:03 UTC
Previous filing
11 Dec 2023
Next filing
18 Mar 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PESI Common Stock Options Exercise $47,250 +15,000 +7.3% $3.15 221,209 14 Nov 2024 Direct F1
transaction PESI Common Stock Tax liability $47,252 -3,444 -1.6% $13.72 217,765 14 Nov 2024 Direct F1
holding PESI Common Stock 62,800 14 Nov 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 -15,000 -100% $0.000000 0 14 Nov 2024 Common Stock 15,000 $3.15 Direct F1
holding PESI Stock Option 20,000 14 Nov 2024 Common Stock 20,000 $7.00 Direct F2
holding PESI Stock Option 30,000 14 Nov 2024 Common Stock 30,000 $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.