Enviri (NVRI) VP exercises performance units, withholds shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Enviri Corp’s VP, General Counsel & CCO, Samuel Darden Romaninsky, reported equity award activity tied to performance share units. On February 26, 2026, he exercised 7,396 performance share units, converting them into 14,792 shares of common stock at a stated price per share of 0.0000.
These units vested at 200% of the target award after the Management Development & Compensation Committee approved the vesting on February 18, 2026, based on Enviri’s total shareholder return versus the S&P 600 Industrials Index over the performance period ended December 31, 2025. A separate transaction withheld 7,136 common shares at a price per share of 18.5900 to satisfy tax obligations, leaving direct ownership of 25,203 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
7,396 shares exercised/converted
Mixed
3 txns
Insider
Romaninsky Samuel Darden
Role
VP, General Counsel & CCO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Share Units | 7,396 | $0.00 | -- |
| Exercise | Common Stock, $1.25 par value | 14,792 | $0.00 | -- |
| Tax Withholding | Common Stock, $1.25 par value | 7,136 | $18.59 | $133K |
Holdings After Transaction:
Performance Share Units — 0 shares (Direct);
Common Stock, $1.25 par value — 32,339 shares (Direct)
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 December 16, 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.
FAQ
What insider transactions did Enviri (NVRI) report for Samuel Darden Romaninsky?
Enviri reported that Samuel Darden Romaninsky exercised 7,396 performance share units into 14,792 common shares, then had 7,136 shares withheld to cover taxes. After these equity award-related transactions, his direct ownership stood at 25,203 common shares.
What performance criteria triggered Romaninsky’s Enviri (NVRI) units to vest at 200%?
Each performance share unit vested at 200% of the target amount based on Enviri’s total shareholder return versus the S&P 600 Industrials Index. The performance period ended December 31, 2025, and the compensation committee approved the vesting on February 18, 2026.
What does the M transaction code mean in Romaninsky’s Enviri (NVRI) Form 4?
The M transaction code indicates an exercise or conversion of a derivative security, in this case performance share units. Romaninsky’s M-coded transactions show his units converting into common stock as part of his long-term incentive compensation, not an open-market share purchase.