Perma-Pipe International Holdings Executive Compensation (FY25)
PPIH · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025 ◇ Saleh Sagr | Latest say-on-pay support = June 24, 2026 |
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Data as of November 5, 2026Latest filing (8-K): June 29, 2026
13 filings cited on this page
Method: intel.velarion.ai/methodology
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138 figures on this page: 127 cited to the filing that reported them, 11 calculated from figures it prints. See the citations
More on Perma-Pipe International Holdings
Five data products on this company. Each one is requested through the developer setup page.
- Peer Disclosure Audit$5The comparison companies this board named, each one tied to the filing that lists it.How to get Peer Disclosure Audit
- Governance Provisions PullfreeThe governance provisions as the proxy states them: board leadership, committee membership, and shareholder rights.How to get Governance Provisions Pull
- Say-on-Pay Risk Signal$9A risk band for the next say-on-pay vote, with the support history and the peer comparison behind it.How to get Say-on-Pay Risk Signal
- NEO Comp Report$24Every named executive officer’s pay by element and year, with the citation behind each figure.How to get NEO Comp Report
- Board Comp Report$24What each non-employee director was paid, the standing fee schedule, and the equity each one holds at year end.How to get Board Comp Report
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Saleh Sagr: $685,797 → $1,747,437 (154.8% higher)
Say-on-pay support: 94.7% → 96.3% (1.6 points higher)
Frequently asked questions
Answers drawn from the data on this page.
Who is Perma-Pipe International Holdings' chief executive and what were they paid?
Saleh Sagr was paid $1,747,437 in total compensation as President and Chief Executive Officer for fiscal 2025. Sagr's total was 154.8% higher than the $685,797 reported for fiscal 2024.
What was Perma-Pipe International Holdings' say-on-pay result?
For fiscal 2026, shareholders backed the say-on-pay proposal with 96.3% of votes cast for or against in favor at the meeting held June 24, 2026.
Which companies are in Perma-Pipe International Holdings' peer group?
The disclosed peer group names Ampco-Pittsburgh Corporation, Broadwind, Inc, Core Molding Technologies, Inc., Energy Recovery, Inc. and FreightCar America, Inc., among others.
Executive compensation
Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
David Mansfield President and Chief Executive Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Grant Dewbre Chief Operating Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
D. Bryan Norwood Vice President and Chief Financial Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Fiscal 2024
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
David Mansfield Former Chief Executive Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Saleh Sagr President, Chief Executive Officer, and Director | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Matthew Lewicki Vice President and Chief Financial Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Fiscal 2025
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Saleh Sagr President and Chief Executive Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
David Mansfield former Chief Executive Officer Departed during or after this year | ◇ | — | — | — | ◇ | — | ◇ | ◇ |
Matthew Lewicki Vice President | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.
Outstanding awards
Awards still held at fiscal year end.
As disclosed at fiscal 2026 year end
| Officer | Award | Unvested units | Market value of unvested units | Exercise price | Expires |
|---|---|---|---|---|---|
| David Mansfield | PSU | ◇ | ◇ | — | — |
| PSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| Saleh Sagr | PSU | ◇ | ◇ | — | — |
| PSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| Matthew Lewicki | PSU | ◇ | ◇ | — | — |
| PSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.
Director compensation
What each non-employee director was paid.
Fiscal 2026
| Director | Fees earned in cash | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|
Jon Biro | ◇ | ◇ | — | — | — | — | ◇ |
Ibrahim Al Kuwari | ◇ | ◇ | — | — | — | — | ◇ |
David Brown | ◇ | ◇ | — | — | — | — | ◇ |
Robert McNally | ◇ | ◇ | — | — | — | — | ◇ |
Jerome Walker | ◇ | — | — | — | — | — | ◇ |
Richard Sherrill | ◇ | ◇ | — | — | — | — | ◇ |
Cynthia Boiter | ◇ | — | — | — | — | — | ◇ |
Saleh Sagr and Nancy Zakhour served on the board in fiscal 2026 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.
Director fee schedule
The standing retainers and premiums the board pays, as published.
| Board cash retainer | ◇ |
| Board equity retainer | ◇ |
| Total board retainer | ◇ |
| Audit committee chair | ◇ |
| Audit committee member | ◇ |
| Compensation committee chair | ◇ |
| Compensation committee member | ◇ |
| Nominating and governance chair | ◇ |
| Nominating and governance member | ◇ |
Equity is delivered as Common Stock.
Disclosed peer group
The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2026
- Ampco-Pittsburgh Corporation AP
- Broadwind, Inc BWEN
- Core Molding Technologies, Inc. CMT
- Energy Recovery, Inc. ERII
- FreightCar America, Inc. RAIL
- Graham Corporation GHM
- Gulf Island Fabrication, Inc. GIFI
- Hurco Companies, Inc. HURC
- L.B. Foster Company FSTR
- Luxfer Holdings PLC LXFR
- Natural Gas Services Group, Inc. NGS
- NCS Multistage Holdings, Inc. NCSM
- NWPX Infrastructure, Inc. NWPX
- Twin Disc, Incorporated TWIN
Say-on-pay history
Shareholder support for the compensation program, by year.
| Year | Meeting | Support | Votes for | Votes against | Abstentions |
|---|---|---|---|---|---|
| 2026 | June 24, 2026 | = | ◇ | ◇ | ◇ |
| 2025 | June 25, 2025 | = | ◇ | ◇ | ◇ |
| 2024 | July 25, 2024 | = | ◇ | ◇ | ◇ |
| 2023 | June 22, 2023 | = | ◇ | ◇ | ◇ |
| 2022 | June 22, 2022 | = | ◇ | ◇ | ◇ |
| 2021 | May 26, 2021 | = | ◇ | ◇ | ◇ |
| 2020 | June 24, 2020 | = | ◇ | ◇ | ◇ |
| 2019 | June 20, 2019 | = | ◇ | ◇ | ◇ |
| 2018 | June 5, 2018 | = | ◇ | ◇ | ◇ |
| 2017 | June 22, 2017 | = | ◇ | ◇ | ◇ |
| 2016 | June 28, 2016 | = | ◇ | ◇ | ◇ |
Ask our research desk — $99, 24h, every figure cited to its filing.
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]What this page does not include
Everything above is a fact Perma-Pipe International Holdings disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Perma-Pipe International Holdings sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $500Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $500Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $500Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion IntelligenceAdviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Velarion IntelligenceCitations
Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
138 figures on this page: 127 cited to the filing that reported them, 11 calculated from figures it prints.
127 cited to the filing
11 calculated from the filing
Documents cited
- 0001437749-26-022025Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001437749-26-016549
- 0001437749-25-021664Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001437749-24-023702Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001437749-23-018253Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001437749-23-013077
- 0001437749-22-016421Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001437749-21-013492Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001437749-20-013785Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001437749-19-012349Item 5.07 Submission of Matters to a Vote of Security Holders
- 0000914122-18-000016
- 0000914122-17-000028
- 0000914122-16-000078
Cite this data
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Velarion, “Perma-Pipe International Holdings executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/PPIH (accessed 2026).
Short form: data: Velarion
The paid brief for Perma-Pipe International Holdings
Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
$500 for the Executive Compensation Report. Both reports for $900.
13 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
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Peers Perma-Pipe International Holdings discloses
The companies named in PPIH's own disclosed peer group.
Ampco-Pittsburgh CorporationBroadwind, IncCore Molding Technologies, Inc.Energy Recovery, Inc.FreightCar America, Inc.Graham CorporationHurco Companies, Inc.L.B. Foster CompanyLuxfer Holdings PLCNatural Gas Services Group, Inc.NCS Multistage Holdings, Inc.NWPX Infrastructure, Inc.Twin Disc, Incorporated
Terms on this page
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Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
author = {{Velarion Company Intelligence}},
title = {Velarion database: executive and board compensation data},
year = {2026},
version = {2026Q3},
doi = {10.5281/zenodo.22283854},
publisher = {Zenodo},
url = {https://doi.org/10.5281/zenodo.22283854}
}