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Perma-Pipe International Holdings Executive Compensation (FY25)

PPIH · Executive and director compensation, fiscal 2024 to 2025

The paid brief on 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.
$1,500 for the Executive Compensation Report. Both reports for $2,400.
Data as of September 20, 2026Latest filing (8-K): June 29, 2026
12 filings cited on this page
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
Perma-Pipe International Holdings brief$1,500Get the executive brief
123 figures on this page: 112 cited to the filing that reported them, 11 calculated from figures it prints. See the citations
Chief executive, fiscal 2025
◇
Saleh Sagr
Latest say-on-pay support
=
June 24, 2026

More on Perma-Pipe International Holdings

Five data products on this company. Each one is requested through the developer setup page.
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, Chief Executive Officer, and Director 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 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
David Mansfield
Former Chief Executive Officer
◇—◇—◇—◇◇
Saleh Sagr
President, Chief Executive Officer, and Director
◇—◇—◇—◇◇
Matthew Lewicki
Vice President and Chief Financial Officer
◇—◇—◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Saleh Sagr
President, Chief Executive Officer, and Director
◇—◇—◇—◇◇
David Mansfield
Former Chief Executive Officer
◇———◇—◇◇
Matthew Lewicki
Vice President and Chief Financial Officer
◇—◇—◇—◇◇
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
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Saleh SagrPSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
Matthew LewickiPSU◇◇——
PSU◇◇——
PSU◇◇——
David MansfieldPSU◇◇——
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
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Jon Biro
Board chair
◇◇————◇
Ibrahim Al Kuwari
◇◇————◇
David Brown
◇◇————◇
Robert McNally
◇◇————◇
Jerome Walker
◇—————◇
Richard Sherrill
◇◇————◇
Cynthia Boiter
◇—————◇
Nancy Zakhour and Saleh Sagr 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.
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. symbol not shown
  • 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.
YearMeetingSupportVotes forVotes againstAbstentions
2026June 24, 2026=◇◇◇
2025June 25, 2025=◇◇◇
2024July 25, 2024=◇◇◇
2023June 22, 2023=◇◇◇
2022June 22, 2022=◇◇◇
2021May 26, 2021=◇◇◇
2020June 24, 2020=◇◇◇
2019June 20, 2019=◇◇◇
2018June 5, 2018=◇◇◇
2017June 22, 2017=◇◇◇
2016June 28, 2016=◇◇◇
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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 — $1,500
Written 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 — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200
Realizable 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 Intelligence
Adviser 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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Whether Perma-Pipe International Holdings' disclosed peer group is defensible, who names Perma-Pipe International Holdings back in their own benchmarking group, and how pay tracks performance across it. This is the analysis a compensation consultant delivers on the group above. We will email you when it opens.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
123 figures on this page: 112 cited to the filing that reported them, 11 calculated from figures it prints.
112 cited to the filing
11 calculated from the filing

Documents cited

  1. 0001437749-26-022025
    Item 5.07 Submission of Matters to a Vote of Security Holders
  2. 0001437749-26-016549
  3. 0001437749-25-021664
    Item 5.07 Submission of Matters to a Vote of Security Holders
  4. 0001437749-24-023702
    Item 5.07 Submission of Matters to a Vote of Security Holders
  5. 0001437749-23-018253
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0001437749-22-016421
    Item 5.07 Submission of Matters to a Vote of Security Holders
  7. 0001437749-21-013492
    Item 5.07 Submission of Matters to a Vote of Security Holders
  8. 0001437749-20-013785
    Item 5.07 Submission of Matters to a Vote of Security Holders
  9. 0001437749-19-012349
    Item 5.07 Submission of Matters to a Vote of Security Holders
  10. 0000914122-18-000016
  11. 0000914122-17-000028
  12. 0000914122-16-000078
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Perma-Pipe International Holdings executive compensation, FY2024–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.
$1,500 for the Executive Compensation Report. Both reports for $2,400.
Get the executive briefGet the board briefNo account needed.
12 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 CorporationCore Molding Technologies, Inc.Energy Recovery, Inc.Graham CorporationHurco Companies, Inc.L.B. Foster CompanyLuxfer Holdings PLCNatural Gas Services Group, Inc.NWPX Infrastructure, Inc.Twin Disc, Incorporated

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

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}
}
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