Enviri (NVRI) president’s performance share units vest at 200% and convert
Rhea-AI Filing Summary
Enviri Corp president Christophe Reitemeier reported equity compensation activity involving performance share units and common stock. On February 26, 2026, he exercised 7,494 performance share units at $0.00, converting them into 14,988 shares of common stock. A portion of these shares was then used to cover taxes, with 7,045 common shares disposed of at $18.59 per share in a tax-withholding transaction. After these moves, his direct common stock holdings totaled 27,709 shares. The footnotes explain that the performance share units vested at 200% of target, based on Enviri’s total shareholder return versus the S&P 600 Industrials Index over a performance period ending December 31, 2025, as approved by the board’s Management Development & Compensation Committee on February 18, 2026.
Positive
- None.
Negative
- None.
Insights
Routine equity award vesting and tax withholding with no clear thesis impact.
The activity centers on performance share units vesting and converting into Enviri common stock for President-Harsco Environmental, Christophe Reitemeier. He acquired 14,988 common shares via derivative exercise at $0.00, reflecting previously granted equity awards rather than open-market buying.
A tax-withholding transaction then disposed of 7,045 shares at $18.59 per share, a standard mechanism to satisfy tax obligations on vested awards. Following these entries, his direct holdings stood at 27,709 shares of common stock, indicating continued equity exposure to the company.
The footnotes note that each performance share unit vested at 200% of target, based on total shareholder return relative to the S&P 600 Industrials Index over the period ending December 31, 2025, and was approved by the compensation committee on February 18, 2026. This links payout levels directly to disclosed performance criteria.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Share Units | 7,494 | $0.00 | -- |
| Exercise | Common Stock | 14,988 | $0.00 | -- |
| Tax Withholding | Common Stock | 7,045 | $18.59 | $131K |
Footnotes (1)
- Represents shares issued upon vesting of performance share unit awards reported in Table II of this Form 4, as approved on February 18, 2026 by the Management Development & Compensation Committee of the Enviri Board of Directors. Each performance share unit vested at 200% of the target number of performance share units reported on the reporting person's Form 3 filed January 10, 2025, based on the total shareholder return of Enviri common stock relative to the S&P 600 Industrials Index over the performance period ended December 31, 2025.