Kerry Duggan
About Kerry C. Duggan
Kerry C. Duggan, age 46, has served as an independent director of Perma-Fix Environmental Services, Inc. since May 2021. She is the founder of Energy Security Partners and previously served as energy and environmental advisor to then-Vice President Joe Biden, held senior roles at the U.S. Department of Energy (DOE), and was appointed to the Secretary of Energy Advisory Board under Secretary Jennifer Granholm. She holds a B.S. in Environmental Studies from the University of Vermont and an M.S. in Natural Resource Policy & Behavior from the University of Michigan .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Office of the Vice President (U.S.) | Energy & Environmental Advisor to Vice President Joe Biden | Not disclosed | Advised on national energy/environment policy |
| White House Detroit Task Force | Deputy Director | Not disclosed | Urban economic development and recovery focus |
| U.S. Department of Energy (DOE) | Liaison to City of Detroit (under Secretary Ernie Moniz) | Not disclosed | Coordinated DOE initiatives locally |
| DOE – Office of EERE | Director of Legislative, Regulatory & Urban Affairs; Stakeholder Engagement Director | Not disclosed | Policy, stakeholder strategy for clean energy |
| Biden-Harris Transition | Transition Team Member | Not disclosed | Federal energy/climate transition planning |
| Secretary of Energy Advisory Board (SEAB) | Member (Appointed by Sec. Granholm) | Not disclosed | External oversight/advice at DOE |
| RIDGE-LANE Limited Partners | Partner | Not disclosed | Strategic advisory with Gov. Tom Ridge |
| University of Michigan SEAS Clinic | Founding Director (Detroit) | Not disclosed | Academic/practical sustainability clinic |
External Roles
| Organization | Role | Public/Private | Committees/Notes |
|---|---|---|---|
| Envergia | Director | Private | Lithium-ion battery materials recycling |
| BlueGreen Water Technologies | Director | Private | Water body health and safety solutions |
| Our Next Energy (ONE) | Advisory Board | Private | Energy storage/EV ecosystem |
| Aclima | Advisory Board | Private | Environmental sensing/air quality |
| BlueConduit | Advisory Board | Private | Water infrastructure analytics |
| Commonweal Ventures | Advisory Board | Private | Climate/impact investing advisory |
| Arctaris Impact Investors | Advisory Board | Private | Impact investment advisory |
Board Governance
| Attribute | Details |
|---|---|
| Independence | Determined independent under Nasdaq rules; Board annually reviews independence |
| Board/Committee Attendance | No director attended fewer than 75% of Board and committee meetings in 2024; all directors attended the 2024 Annual Meeting |
| Committees | Corporate Governance & Nominating Committee – Member (2024) ; Strategic Advisory Committee – Member (2024) |
| Chair Roles | None for Duggan; committee chairs: Governance (Joe R. Reeder), Strategic (Dr. Louis Centofanti) |
| Lead Independent Director | Mark A. Zwecker (since Feb 2010) |
Fixed Compensation
| Component (2024) | Amount (USD) | Notes |
|---|---|---|
| Quarterly Board Fee | $11,500 per quarter | Standard for non-employee directors |
| Meeting Fees | $1,000 in-person; $500 virtual | Per meeting attended |
| Cash Fees Received (Duggan) | $18,725 | Portion elected in cash |
| Stock Awards (Duggan) | $46,382 | Value of fees elected in stock; shares calculated at 75% of prior-day close; fully vested at grant |
| Option Awards (Duggan) | $68,700 | 10,000 NQSOs granted upon re-election (July 18, 2024), 10-year term, $10.20 strike, vest 25% annually |
| Total Director Comp (Duggan) | $133,807 | Sum of cash, stock, option awards |
Performance Compensation
- Directors do not have performance-based cash incentives; option awards are standard re-election grants with time-based vesting (25% per year). No director performance metrics are used for compensation .
Other Directorships & Interlocks
- No other public-company directorships disclosed for Duggan; roles are at private companies and advisory boards .
Expertise & Qualifications
- Energy and climate policy leadership (DOE roles, SEAB appointment), stakeholder engagement and regulatory expertise, sustainability leadership (UM SEAS Clinic), recognition (Crain’s Detroit “40 Under 40” and “Notable Leaders in Sustainability”) .
- Board-level skills align with PESI’s focus on government/DOE policy, environmental studies, and risk management per Board skills matrix (matrix is board-wide, not per-director) .
Equity Ownership
| Item | Amount | Notes |
|---|---|---|
| Total Beneficial Ownership | 39,221 shares | Includes direct and option-derived beneficial holdings |
| Direct Common Shares | 8,221 | Held of record |
| Options – Immediately Exercisable | 21,000 | Exercisable as of record date |
| Options – Exercisable Within 60 Days | 10,000 | Counted for beneficial ownership |
| Options Outstanding (12/31/2024) | 46,000 | Aggregate options per plan |
| Ownership as % of Outstanding | <1% | Company table denotes “*” (<1%); 18,452,227 shares outstanding |
- Change-of-control terms: Outside Directors Plan accelerates vesting/exercisability upon a change of control, death, or disability .
- Stock Trading Policy strongly discourages short sales, margin accounts, and speculative transactions by directors .
- No related-party transactions disclosed involving Duggan; Audit Committee reviews any related-party dealings, and only David Centofanti’s compensation was disclosed (family relationship with Dr. Centofanti) .
Insider Trades (2025)
| Date | Type | Shares | Price | Value | Post-Trade Direct Holding | Source |
|---|---|---|---|---|---|---|
| 2025-09-16 | Sale (S) | 5,653 | $8.6001 | $48,616 | 3,680 | SEC Form 4 PDF |
| 2025-10-01 | Purchase (P) | 1,158 | $7.575 | $8,772 | 4,838 | StockTitan summary with filing ref |
- Additional reference aggregators confirming 2025-09-16 sale and holdings .
Governance Assessment
- Strengths: Independent status; multi-committee participation (Governance & Nominating; Strategic Advisory); strong energy/ESG policy background aligned with PESI’s regulatory environment; satisfactory attendance (≥75%) and Annual Meeting participation .
- Alignment: Director fees can be taken in stock; annual option grants with long duration; beneficial ownership includes exercisable options, supporting skin-in-the-game albeit at <1% overall .
- Policies: Robust Stock Trading Policy discouraging hedging/pledging; Clawback Policy applies to officers; Audit Committee oversight of related-party transactions .
- RED FLAGS: None disclosed specific to Duggan—no related-party transactions; independence affirmed; minor insider sale later followed by purchase (signal neutral-to-positive on engagement) .
Overall investor confidence signal: Positive governance posture (independence, committee engagement, attendance) with meaningful energy/ESG expertise; alignment through stock-based fees and options; no conflicts identified in related-party disclosures. Monitor ongoing insider activity for trend but transactions to date appear modest. **[891532_0001641172-25-014471_formdef14a.htm:22]** **[891532_0001641172-25-014471_formdef14a.htm:23]** **[891532_0001641172-25-014471_formdef14a.htm:26]** **[891532_0001641172-25-014471_formdef14a.htm:27]** **[891532_0001641172-25-014471_formdef14a.htm:29]** **[891532_0001641172-25-014471_formdef14a.htm:30]** **[891532_0001641172-25-014471_formdef14a.htm:31]** **[https://ir.perma-fix.com/all-sec-filings/content/0001493152-25-013692/0001493152-25-013692.pdf]** **[https://www.stocktitan.net/sec-filings/PESI/form-4-perma-fix-environmental-services-inc-insider-trading-activity-e470064f1d28.html]**