Enviri COO exercises units, withholds shares for taxes
Enviri Corp President & COO Russell C. Hochman reported equity award activity involving performance share units and common stock.
Rhea-AI Filing Summary
Enviri Corp President & COO Russell C. Hochman reported equity award activity involving performance share units and common stock. On February 26, 2026, 37,047 performance share units were exercised or converted, resulting in 74,094 shares of common stock at a stated price of $0.0000 per share.
In a related tax-withholding transaction, 34,547 shares of common stock were disposed of at $18.5900 per share to cover exercise price or tax liabilities. After these transactions, Hochman directly held 197,831 shares of Enviri common stock. The footnotes state that each performance share unit vested at 200% of the target amount based on total shareholder return versus the S&P 600 Industrials Index for a period ending December 31, 2025, with vesting approved on February 18, 2026 by the Management Development & Compensation Committee.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Share Units | 37,047 | $0.00 | $0.00 |
| Exercise | Common Stock | 74,094 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 34,547 | $18.59 | $642K |
Footnotes (2)
- F1. 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.
- F2. Each performance share unit vested at 200% of the target number of performance share units reported on the reporting person's Form 4 filed March 9, 2023, 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.
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