ENVIRI (NVRI) executive exercises 4,203 RSUs with 1,976 shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ENVIRI Corp executive Christophe Reitemeier, President of Harsco Environmental, reported routine equity compensation activity. He exercised restricted stock units into 4,203 shares of common stock, then had 1,976 shares withheld to cover tax obligations at $17.94 per share. After these transactions, he directly holds 35,442 shares of common stock and no remaining derivative securities from this grant. The restricted stock units were issued under the 2013 Equity and Incentive Compensation Plan and vest in one-third increments on each of the first three anniversaries of the grant date.
Positive
- None.
Negative
- None.
Insider Trade Summary
4,203 shares exercised/converted
Mixed
3 txns
Insider
Reitemeier Christophe
Role
President-Harsco Environmental
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 4,203 | $0.00 | -- |
| Exercise | Common Stock | 4,203 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,976 | $17.94 | $35K |
Holdings After Transaction:
Restricted Stock Units — 19,993 shares (Direct);
Common Stock — 37,418 shares (Direct)
Footnotes (1)
- [object Object]
FAQ
What insider transactions did ENVIRI (NVRI) report for Christophe Reitemeier?
Christophe Reitemeier exercised restricted stock units into 4,203 shares of ENVIRI common stock, with 1,976 shares withheld to satisfy tax obligations. These transactions reflect routine equity compensation activity rather than open-market buying or selling of shares.
What happened to the restricted stock units reported by ENVIRI (NVRI)?
Restricted stock units converted into 4,203 shares of ENVIRI common stock upon vesting. These units were granted under the 2013 Equity and Incentive Compensation Plan and vest in one-third increments on each of the first three anniversaries of the grant date.
What is the significance of the tax withholding in ENVIRI (NVRI)’s Form 4?
The tax withholding shows 1,976 shares were surrendered at $17.94 per share to satisfy taxes from the RSU vesting. This is not an open-market sale and mainly reflects required tax payments on equity compensation rather than discretionary trading.
Under which plan were Christophe Reitemeier’s ENVIRI (NVRI) restricted stock units granted?
The restricted stock units were granted under ENVIRI’s 2013 Equity and Incentive Compensation Plan. They represent a contingent right to receive ENVIRI common stock on a one-for-one basis and vest in one-third increments over three years from the grant date.