ENVIRI (NVRI) director converts 18,309 RSUs to common shares, now holds 101,925
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ENVIRI Corp director Edgar M. Purvis Jr. exercised vested equity awards and increased his direct ownership in the company. On May 7, 2026, he converted 18,309 Restricted Stock Units into an equal number of common shares at a price of $0.00 per share, reflecting a stock-based compensation vesting event rather than a market purchase.
The Restricted Stock Units were granted under ENVIRI's 2016 Non-Employee Directors' Long-Term Equity Compensation Plan and vested on the first anniversary of their May 7, 2025 grant date. Following this exercise, Purvis directly holds 101,925 shares of ENVIRI common stock, with no remaining units from this specific grant.
Positive
- None.
Negative
- None.
Insider Trade Summary
18,309 shares exercised/converted
Mixed
2 txns
Insider
Purvis Edgar M Jr
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 18,309 | $0.00 | -- |
| Exercise | Common Stock | 18,309 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct, null);
Common Stock — 101,925 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSUs Exercised: 18,309 units
Exercise Price: $0.00 per share
Shares Held After: 101,925 shares
+1 more
4 metrics
RSUs Exercised
18,309 units
Restricted Stock Units converted to common stock on May 7, 2026
Exercise Price
$0.00 per share
Conversion of RSUs to ENVIRI common stock
Shares Held After
101,925 shares
Direct ownership by Edgar M. Purvis Jr. after transaction
Grant Vesting Date
First anniversary of May 7, 2025
Vesting schedule for the Restricted Stock Units
Key Terms
Restricted Stock Units, 2016 Non-Employee Directors' Long-Term Equity Compensation Plan, Exercise or conversion of derivative security
3 terms
Restricted Stock Units financial
"Represents restricted stock units granted under the 2016 Non-Employee Directors' Long-Term Equity Compensation Plan."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
2016 Non-Employee Directors' Long-Term Equity Compensation Plan financial
"Represents restricted stock units granted under the 2016 Non-Employee Directors' Long-Term Equity Compensation Plan."
Exercise or conversion of derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
FAQ
What insider transaction did ENVIRI Corp (NVRI) report for Edgar M. Purvis Jr.?
ENVIRI Corp reported that director Edgar M. Purvis Jr. exercised 18,309 Restricted Stock Units into common stock. This was a vesting-related equity compensation event at $0.00 per share, not an open-market share purchase or sale.
What plan governed the Restricted Stock Units exercised by the ENVIRI (NVRI) director?
The Restricted Stock Units were granted under ENVIRI’s 2016 Non-Employee Directors' Long-Term Equity Compensation Plan. Each unit vested on the first anniversary of the May 7, 2025 grant date before automatically converting into common stock.
Is the ENVIRI (NVRI) Form 4 transaction a routine equity vesting event?
Yes. The Form 4 describes a routine equity vesting event where 18,309 Restricted Stock Units, granted as director compensation, vested after one year and converted into common stock at $0.00 per share, with no market trades involved.