ENVIRI (NVRI) VP Fenice exercises performance share units and withholds shares for taxes
Rhea-AI Filing Summary
ENVIRI Corp VP & Corporate Controller Samuel C. Fenice reported compensation-related stock activity in connection with performance share units vesting on May 19, 2026. He acquired 11,976 and 17,018 shares of common stock through derivative exercises at $0.00 per share, reflecting performance share units that vested and settled in stock.
To cover tax obligations, 5,537 and 7,868 shares of common stock were disposed of at $19.18 per share through tax-withholding transactions, not open-market sales. After these transactions, Fenice holds 58,418 shares of ENVIRI common stock directly and 559 shares indirectly through a managed account. Footnotes state the performance share units vested at 200% of target based on Enviri’s total shareholder return versus the S&P 600 Industrials Index, with remaining portions of some awards settling in cash.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Share Units | 17,018 | $0.00 | -- |
| Exercise | Performance Share Units | 23,952 | $0.00 | -- |
| Exercise | Common Stock | 17,018 | $0.00 | -- |
| Tax Withholding | Common Stock | 7,868 | $19.18 | $151K |
| Exercise | Common Stock | 11,976 | $0.00 | -- |
| Tax Withholding | Common Stock | 5,537 | $19.18 | $106K |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Represents shares issued upon vesting and settlement of performance share unit awards, as approved on May 18, 2026 by the Enviri Board of Directors in connection with Enviri's sale of its Clean Earth division, which portion of the performance share unit awards settled in stock in accordance with the award's terms. Each performance share unit vested at 200% of the target number of performance share units reported on the reporting persons Form 4 filed March 6, 2025, based on the total shareholder return of Enviri common stock relative to the S&P 600 Industrials Index. The remining portion of the performance share units will settle in cash in accordance with the awards terms. Each performance share unit vested and settled in shares at 200% of the target number of performance share units reported on the reporting persons Form 4 filed March 13, 2024, based on the total shareholder return of Enviri common stock relative to the S&P 600 Industrials Index.