Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-06-29

Perma-Pipe International Holdings (PPIH)

CEO Saleh Sagr was paid $1,747,437 in fiscal year 2025, ↑ up 154.8% from fiscal year 2024, the 17th percentile of its disclosed peer group (SEC filing 0001437749-26-016549 ↗): executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$1,747,437 ↑
Saleh Sagr total, FY2025
17th
CEO pay percentile vs peers
—
CEO-to-median pay ratio
96.33%
Say-on-pay support, latest vote

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Sample answer — “What is the CEO’s total compensation?”
- Saleh Sagr (President and Chief Executive Officer), FY2025 total compensation $1,747,437 (base salary $424,502) [exec_comp, SEC accession 0001437749-26-016549, filed 2026-05-13]

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PPIH's next annual pay disclosure, estimated May 13, 2027.est. Filing ↗

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Saleh Sagr$424,502$0$450,003$0$649,970$0$222,962$1,747,437
President and Chief Executive Officer
David Mansfield200,173000723,3740210,3151,133,862
former Chief Executive Officer
Matthew Lewicki301,5090135,7900284,637013,755735,691
Vice President

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY2024→2025
Saleh Sagr$1,747,437$685,797—↑ +1,061,640
David Mansfield1,133,8621,723,244—↓ −589,382
Matthew Lewicki735,691530,911—↑ +204,780

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

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Companies that benchmark against PPIH
4 companies name PPIH as a compensation peer

Each company listed discloses PPIH in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named PPIH in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01c

Board of directors

One page per director: the seat, the committees and the fee table, read for one person at a time.

DirectorRoleFY2025 total
Cynthia BoiterFormer director (through FY2026)—
David BrownFormer director (through FY2026)—
Ibrahim Al KuwariIndependent Director—
Jerome WalkerFormer director (through FY2026)—
Jon BiroIndependent Director—
Nancy ZakhourIndependent Director—
Richard SherrillIndependent Director—
Robert McNallyFormer director (through FY2026)—
02

Equity transactions since the proxy statement was filed

No insider equity transactions reported since the proxy statement.

06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-06-243,132,799119,47128,65696.33%Passed
20252025-06-254,288,981240,764196,94994.68%Passed
20242024-07-254,729,29150,31226,44998.95%Passed
20232023-06-223,747,80118,56712,53699.51%Passed
20222022-06-223,252,38575,5417,05097.73%Passed
20212021-05-265,221,20043,098116,24899.18%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20262026-06-2496.33%a
20252025-06-2594.68%b
20242024-07-2598.95%c

a. Approved under the standard stated in the filing — “Abstentions and broker non-votes will not affect the voting results for this proposal.”.

b. Approved under the standard stated in the filing — “Abstentions and broker non-votes will not affect the voting results for this proposal.”.

c. Approved under the standard stated in the filing — “Abstentions and broker non-votes will not affect the voting results for this proposal.”.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

09

Board fee structure and ownership guideline

Annual cash retainer$50,000
Annual equity retainer$80,000
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)15,000 / 12,500 / 10,000
Stock ownership guideline$3
10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Perma-Pipe International Holdings2025Saleh Sagr$424,502$450,003$0$649,970$1,747,437

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

10d

Frequently asked questions

Who was the highest-paid executive at Perma-Pipe International Holdings in fiscal 2025?
As disclosed, Saleh Sagr (President and Chief Executive Officer) was the highest-paid executive at Perma-Pipe International Holdings in fiscal 2025, with total compensation of $1,747,437.
How does Perma-Pipe International Holdings's chief executive pay compare to its disclosed peer group?
As disclosed, Saleh Sagr's total compensation ranked at the 17th percentile of Perma-Pipe International Holdings's disclosed peer group.
How did shareholders vote on Perma-Pipe International Holdings's executive compensation?
As disclosed, 96.33% of shareholders supported Perma-Pipe International Holdings's executive compensation in the latest say-on-pay vote.

Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Saleh SagrDEF 14A2026-05-130001437749-26-016549Section “Executive Compensation”. As printed: 1,747,437. Filing ↗machine: span 515435–515444
2Section 01, David MansfieldDEF 14A2026-05-130001437749-26-016549Section “Executive Compensation”. As printed: 1,133,862. Filing ↗machine: r5 · c20 · span 529161–529170
3Section 01, Matthew LewickiDEF 14A2026-05-130001437749-26-016549Section “Executive Compensation”. As printed: 735,691. Filing ↗machine: r3 · c20 · span 523059–523066
4Section 06, 2026 voteForm 8-K2026-06-290001437749-26-022025Item 5.07 · say-on-pay result. As reported: 96.33% (votes for as printed: 3,132,799). Filing ↗
5Section 06, 2025 voteForm 8-K2025-07-010001437749-25-021664Item 5.07 · say-on-pay result. As reported: 94.68% (votes for as printed: 4,288,981). Filing ↗
6Section 06, 2024 voteForm 8-K2024-07-290001437749-24-023702Item 5.07 · say-on-pay result. As reported: 98.95% (votes for as printed: 4,729,291). Filing ↗
7Section 01 trend, Δ column (computed)Computed——Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
8Perma-Pipe International Holdings (subject), Section 10b CEO totalDEF 14A2026-05-130001437749-26-016549CEO total compensation as printed in Perma-Pipe International Holdings's own proxy. As printed: 1,747,437. Filing ↗machine: span 515435–515444

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