Perma-Pipe International Holdings (PPIH) executive compensation, 2026 proxy

Saleh Sagr, President, Chief Executive Officer, and Director, was paid $1.7M in 2025, up 155% from $685,797 the year before.

Filed
May 13, 2026
Pay year
2025
Named executives
3
CEO total pay
$1.7M+155% vs prior year
CEO pay in equity
26%$450,003 in awards
CEO stock awards
$450,003Three-year ratable vesting
CEO incentive compensation
$649,970Non-equity incentive plan
Adjusted EBT achievement
155.5%Against 2025 target
Mansfield separation payment
$196,560Paid upon retirement
Sagr retirement contributions
$201,885MENA-based retirement plan
Lewicki total compensation
$735,6912025 total

How Sagr was paid

$1.7M in total for 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.

Salary24%Stock awards26%Non-equity incentive37%All other compensation13%

Named executive officers

ExecutiveTotal
Saleh SagrPresident, Chief Executive Officer, and Director$1,747,437
Matthew E. LewickiVice President and Chief Financial Officer$735,691
David J. MansfieldFormer Chief Executive Officer$1,133,862

What changed and why

  • $1.7M$1,747,437 was CEO Saleh Sagr’s 2025 total compensation, versus $685,797 in 2024.
  • 155.5%155.5% of target Adjusted EBT achievement drove the 2025 financial performance-based short-term awards.
  • 2025 long-term incentives shifted exclusively to restricted stock, replacing the prior mix of stock and performance-based cash awards.
  • $197K$196,560 was paid to former CEO David Mansfield as a retirement-related separation payment.
  • 100%100% of Sagr’s target annual short-term incentive opportunity equals his base salary under his employment agreement.

About this page

Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.