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 |
You have just read Perma-Pipe International Holdings's Summary Compensation Table. The whole free brief as a PDF, sent in 2 minutes, with every figure cited — then a few short notes on the deeper PPIH reports.
We send the PDF within 2 minutes, then up to three short notes. Reply “unsubscribe” to any of them, any time.
Track this company's pay every filing: join the Pro seat waitlist
Velarion Pro: every company page, peer tools and exports, one seat — $1,200/year
Ask our research desk — $99, 24h, every figure cited to its filing.
PPIH's next annual pay disclosure, estimated May 13, 2027.est. Filing ↗
| Named executive officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| Saleh Sagr | $424,502 | $0 | $450,003 | $0 | $649,970 | $0 | $222,962 | $1,747,437 |
| President and Chief Executive Officer | ||||||||
| David Mansfield | 200,173 | 0 | 0 | 0 | 723,374 | 0 | 210,315 | 1,133,862 |
| former Chief Executive Officer | ||||||||
| Matthew Lewicki | 301,509 | 0 | 135,790 | 0 | 284,637 | 0 | 13,755 | 735,691 |
| 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.
| Named executive officer | FY2025 total | FY2024 total | FY2023 total | Δ FY2024→2025 |
|---|---|---|---|---|
| Saleh Sagr | $1,747,437 | $685,797 | — | ↑ +1,061,640 |
| David Mansfield | 1,133,862 | 1,723,244 | — | ↓ −589,382 |
| Matthew Lewicki | 735,691 | 530,911 | — | ↑ +204,780 |
Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.
How we handle your data → Privacy
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.
One page per director: the seat, the committees and the fee table, read for one person at a time.
| Director | Role | FY2025 total |
|---|---|---|
| Cynthia Boiter | Former director (through FY2026) | — |
| David Brown | Former director (through FY2026) | — |
| Ibrahim Al Kuwari | Independent Director | — |
| Jerome Walker | Former director (through FY2026) | — |
| Jon Biro | Independent Director | — |
| Nancy Zakhour | Independent Director | — |
| Richard Sherrill | Independent Director | — |
| Robert McNally | Former director (through FY2026) | — |
No insider equity transactions reported since the proxy statement.
| Meeting year | Meeting date | For | Against | Abstain | Support | Outcome |
|---|---|---|---|---|---|---|
| 2026 | 2026-06-24 | 3,132,799 | 119,471 | 28,656 | 96.33% | Passed |
| 2025 | 2025-06-25 | 4,288,981 | 240,764 | 196,949 | 94.68% | Passed |
| 2024 | 2024-07-25 | 4,729,291 | 50,312 | 26,449 | 98.95% | Passed |
| 2023 | 2023-06-22 | 3,747,801 | 18,567 | 12,536 | 99.51% | Passed |
| 2022 | 2022-06-22 | 3,252,385 | 75,541 | 7,050 | 97.73% | Passed |
| 2021 | 2021-05-26 | 5,221,200 | 43,098 | 116,248 | 99.18% | 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.
| Meeting year | Meeting date | Approval — company's computation |
|---|---|---|
| 2026 | 2026-06-24 | 96.33%a |
| 2025 | 2025-06-25 | 94.68%b |
| 2024 | 2024-07-25 | 98.95%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.
| 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 |
The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.
Of the companies Perma-Pipe International Holdings names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.
Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including Perma-Pipe International Holdings.
Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.
| Rank | Company | FY | Chief executive | Salary | Stock awards | Option awards | Non-equity incentive | Total |
|---|---|---|---|---|---|---|---|---|
| 1 | NWPX Infrastructure, Inc. | 2025 | Scott Montross | $732,182 | $1,280,061 | $0 | $1,464,364 | $3,492,930 |
| 2 | Energy Recovery, Inc. | 2025 | David Moon | 614,231 | 2,599,996 | 0 | 0 | 3,222,147 |
| 3 | Natural Gas Services Group, Inc. | 2025 | Justin Jacobs | 581,250 | 1,631,862 | 0 | 711,706 | 2,968,713 |
| 4 | L.B. Foster Company | 2025 | John Kasel | 790,417 | 1,319,357 | 0 | 654,400 | 2,920,512 |
| 5 | Luxfer Holdings PLC | 2025 | Andy Butcher | 660,600 | 1,144,077 | 0 | 795,362 | 2,662,967 |
| 6 | Twin Disc, Incorporated | 2026 | John Batten | 712,071 | 1,002,767 | 0 | 440,060 | 2,345,850 |
| 7 | Ampco-Pittsburgh Corporation | 2025 | J. Brett McBrayer | 718,750 | 701,782 | 0 | 600,953 | 2,065,460 |
| 8 | FreightCar America, Inc. | 2025 | Nicholas Randall | 605,000 | 453,746 | 449,219 | 503,736 | 2,032,701 |
| 9 | Hurco Companies, Inc. | 2025 | Gregory Volovic | 675,800 | 1,249,991 | 0 | 0 | 2,023,603 |
| 10 | Graham Corporation | 2026 | Matthew Malone | 462,769 | 600,004 | 0 | 636,308 | 1,809,120 |
| 11 | Perma-Pipe International Holdings | 2025 | Saleh Sagr | 424,502 | 450,003 | 0 | 649,970 | 1,747,437 |
| 12 | Core Molding Technologies, Inc. | 2025 | David Duvall | 787,350 | 761,016 | 0 | 0 | 1,571,116 |
| 13 | Broadwind, Inc | 2025 | Eric Blashford | 447,501 | 259,877 | 0 | 0 | 757,549 |
| — | NCS Multistage Holdings, Inc. | — | — | — | — | — | — | not in coverage universe |
| — | Gulf Island Fabrication, Inc. | — | — | — | — | — | — | not in coverage universe |
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.
| Company | Annual incentive payout | Long-term vehicle mix | PSU measures include TSR | Compensation consultant |
|---|---|---|---|---|
| Perma-Pipe International Holdings | not disclosed | not disclosed | not disclosed | Willis Towers Watson |
| Ampco-Pittsburgh Corporation | not disclosed | PSU 67 · RSU 33 | not disclosed | Pay Governance LLC |
| Broadwind, Inc | not disclosed | not disclosed | not disclosed | Frederic W. Cook & Co., Inc. |
| Core Molding Technologies, Inc. | not disclosed | not disclosed | not disclosed | Pearl Meyer & Partners LLC |
| Energy Recovery, Inc. | not disclosed | RSU 50 · PSU 50 | No | Compensia, Inc. |
| FreightCar America, Inc. | not disclosed | Restricted Shares 50 · Option 50 | not disclosed | Meridian Compensation Partners, LLC |
| Graham Corporation | not disclosed | RSU 50 · PSU 50 | not disclosed | Frederic W. Cook & Co., Inc. |
| Gulf Island Fabrication, Inc. | not disclosed | not disclosed | not disclosed | not disclosed |
| Hurco Companies, Inc. | not disclosed | PSU 55 · RSU 45 | No | Pay Governance, LLC |
| L.B. Foster Company | not disclosed | PSU 60 · Restricted Stock 40 | not disclosed | Pay Governance |
| Luxfer Holdings PLC | not disclosed | PRSU 60 · RSU 40 | not disclosed | Meridian Compensation Partners LLC |
| Natural Gas Services Group, Inc. | not disclosed | not disclosed | not disclosed | Frederic W. Cook & Co., Inc. |
| NCS Multistage Holdings, Inc. | not disclosed | not disclosed | not disclosed | not disclosed |
| NWPX Infrastructure, Inc. | not disclosed | PSU 75 · RSU 25 | not disclosed | Willis Towers Watson |
| Twin Disc, Incorporated | not disclosed | not disclosed | not disclosed | Pay Governance, LLC |
Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.
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.
Each figure is listed with the filing it comes from, where it appears in that filing, and the value as printed. Any figure can be independently confirmed against the source.
| # | Supports | Document | Filed | Accession | Location in document |
|---|---|---|---|---|---|
| 1 | Section 01, Saleh Sagr | DEF 14A | 2026-05-13 | 0001437749-26-016549 | Section “Executive Compensation”. As printed: 1,747,437. View filing ↗ |
| 2 | Section 01, David Mansfield | DEF 14A | 2026-05-13 | 0001437749-26-016549 | Section “Executive Compensation”. As printed: 1,133,862. View filing ↗ |
| 3 | Section 01, Matthew Lewicki | DEF 14A | 2026-05-13 | 0001437749-26-016549 | Section “Executive Compensation”. As printed: 735,691. View filing ↗ |
| 4 | Section 06, 2026 vote | Form 8-K | 2026-06-29 | 0001437749-26-022025 | Item 5.07 · say-on-pay result. As reported: 96.33% (votes for as printed: 3,132,799). View filing ↗ |
| 5 | Section 06, 2025 vote | Form 8-K | 2025-07-01 | 0001437749-25-021664 | Item 5.07 · say-on-pay result. As reported: 94.68% (votes for as printed: 4,288,981). View filing ↗ |
| 6 | Section 06, 2024 vote | Form 8-K | 2024-07-29 | 0001437749-24-023702 | Item 5.07 · say-on-pay result. As reported: 98.95% (votes for as printed: 4,729,291). View filing ↗ |
| 7 | Section 01 trend, Δ column (computed) | Computed | — | — | Δ = current-FY total − prior-FY total per named officer. |
| 8 | NWPX Infrastructure, Inc., Section 10b CEO total | DEF 14A | 2026-04-23 | 0001437749-26-013175 | CEO total compensation as printed in NWPX Infrastructure, Inc.'s own proxy. As printed: 3,492,930. View filing ↗ |
| 9 | Energy Recovery, Inc., Section 10b CEO total | DEF 14A | 2026-04-21 | 0001421517-26-000033 | CEO total compensation as printed in Energy Recovery, Inc.'s own proxy. As printed: 3,222,147. View filing ↗ |
| 10 | Natural Gas Services Group, Inc., Section 10b CEO total | DEF 14A | 2026-04-28 | 0001084991-26-000032 | CEO total compensation as printed in Natural Gas Services Group, Inc.'s own proxy. As printed: 2,968,713. View filing ↗ |
| 11 | L.B. Foster Company, Section 10b CEO total | DEF 14A | 2026-04-10 | 0001140361-26-014171 | CEO total compensation as printed in L.B. Foster Company's own proxy. As printed: 2,920,512. View filing ↗ |
| 12 | Luxfer Holdings PLC, Section 10b CEO total | DEF 14A | 2026-04-30 | 0002077096-26-000109 | CEO total compensation as printed in Luxfer Holdings PLC's own proxy. As printed: 2,662,967. View filing ↗ |
| 13 | Twin Disc, Incorporated, Section 10b CEO total | DEF 14A | 2026-09-14 | 0001437749-26-030232 | CEO total compensation as printed in Twin Disc, Incorporated's own proxy. As printed: 2,345,850. View filing ↗ |
| 14 | Ampco-Pittsburgh Corporation, Section 10b CEO total | DEF 14A | 2026-03-27 | 0001193125-26-127659 | CEO total compensation as printed in Ampco-Pittsburgh Corporation's own proxy. As printed: 2,065,460. View filing ↗ |
| 15 | FreightCar America, Inc., Section 10b CEO total | DEF 14A | 2026-03-19 | 0001213900-26-031465 | CEO total compensation as printed in FreightCar America, Inc.'s own proxy. As printed: 2,032,701. View filing ↗ |
| 16 | Hurco Companies, Inc., Section 10b CEO total | DEF 14A | 2026-01-28 | 0001104659-26-007238 | CEO total compensation as printed in Hurco Companies, Inc.'s own proxy. As printed: 2,023,603. View filing ↗ |
| 17 | Graham Corporation, Section 10b CEO total | DEF 14A | 2026-07-14 | 0001193125-26-302521 | CEO total compensation as printed in Graham Corporation's own proxy. As printed: 1,809,120. View filing ↗ |
| 18 | Perma-Pipe International Holdings (subject), Section 10b CEO total | DEF 14A | 2026-05-13 | 0001437749-26-016549 | CEO total compensation as printed in Perma-Pipe International Holdings's own proxy. As printed: 1,747,437. View filing ↗ |
| 19 | Core Molding Technologies, Inc., Section 10b CEO total | DEF 14A | 2026-04-06 | 0001026655-26-000019 | CEO total compensation as printed in Core Molding Technologies, Inc.'s own proxy. As printed: 1,571,116. View filing ↗ |
| 20 | Broadwind, Inc, Section 10b CEO total | DEF 14A | 2026-04-14 | 0001437749-26-012220 | CEO total compensation as printed in Broadwind, Inc's own proxy. As printed: 757,549. View filing ↗ |
| 21 | Section 10a, L.B. Foster Company reciprocity | DEF 14A | — | 0001140361-26-014171 | L.B. Foster Company's most recent proxy was read; its disclosed peer group does not include Perma-Pipe International Holdings. View filing ↗ |
| 22 | Section 10a, Twin Disc, Incorporated reciprocity | DEF 14A | — | 0001437749-25-029012 | Twin Disc, Incorporated's most recent proxy was read; its disclosed peer group does not include Perma-Pipe International Holdings. View filing ↗ |
| 23 | Section 10a, Luxfer Holdings PLC reciprocity | DEF 14A | — | 0002077096-26-000109 | Luxfer Holdings PLC names Perma-Pipe International Holdings in its own disclosed peer group (read from its most recent proxy). View filing ↗ |
| 24 | Section 10a, Ampco-Pittsburgh Corporation reciprocity | DEF 14A | — | 0001193125-26-127659 | Ampco-Pittsburgh Corporation's most recent proxy was read; its disclosed peer group does not include Perma-Pipe International Holdings. View filing ↗ |
| 25 | Section 10a, Natural Gas Services Group, Inc. reciprocity | DEF 14A | — | 0001084991-26-000032 | Natural Gas Services Group, Inc.'s most recent proxy was read; its disclosed peer group does not include Perma-Pipe International Holdings. View filing ↗ |
| 26 | Section 10a, NWPX Infrastructure, Inc. reciprocity | DEF 14A | — | 0001437749-26-013175 | NWPX Infrastructure, Inc.'s most recent proxy was read; its disclosed peer group does not include Perma-Pipe International Holdings. View filing ↗ |
| 27 | Section 10a, Broadwind, Inc reciprocity | DEF 14A | — | 0001437749-26-012220 | Broadwind, Inc names Perma-Pipe International Holdings in its own disclosed peer group (read from its most recent proxy). View filing ↗ |
| 28 | Section 10a, Graham Corporation reciprocity | DEF 14A | — | 0001193125-26-302521 | Graham Corporation names Perma-Pipe International Holdings in its own disclosed peer group (read from its most recent proxy). View filing ↗ |
| 29 | Section 10a, Core Molding Technologies, Inc. reciprocity | DEF 14A | — | 0001026655-26-000019 | Core Molding Technologies, Inc.'s most recent proxy was read; its disclosed peer group does not include Perma-Pipe International Holdings. View filing ↗ |
| 30 | Section 10a, Energy Recovery, Inc. reciprocity | DEF 14A | — | 0001421517-26-000033 | Energy Recovery, Inc.'s most recent proxy was read; its disclosed peer group does not include Perma-Pipe International Holdings. View filing ↗ |