Enviri (NYSE: NVRI) CEO equity awards vest at 200% of target
Rhea-AI Filing Summary
Enviri Corp Chairman and CEO F. Nicholas Grasberger III reported equity award activity involving performance share units and common stock. On February 26, 2026, he exercised 238,252 performance share units, resulting in the issuance of 476,504 shares of common stock, reflecting vesting at 200% of target based on Enviri’s total shareholder return versus the S&P 600 Industrials Index for the period ended December 31, 2025.
On the same date, 218,891 shares of common stock were disposed of at $18.59 per share to satisfy tax obligations related to the award, a tax-withholding transaction rather than an open-market sale. Following these transactions, Grasberger directly owned 1,553,342 shares of Enviri common stock.
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Negative
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Share Units | 238,252 | $0.00 | -- |
| Exercise | Common Stock | 476,504 | $0.00 | -- |
| Tax Withholding | Common Stock | 218,891 | $18.59 | $4.07M |
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 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.
FAQ
What did Enviri (NVRI) CEO report in this Form 4 filing?
The CEO reported vesting and exercise of performance share units that converted into Enviri common stock. Related shares were then withheld to cover taxes, and his direct ownership position was updated to reflect the new post-transaction share balance.
What performance metric drove the Enviri (NVRI) PSU vesting outcome?
The performance share units vested at 200% of target based on Enviri’s total shareholder return. The metric was measured relative to the S&P 600 Industrials Index over a performance period ending December 31, 2025.