Enviri (NVRI) CFO awarded common stock and performance RSUs in new grant
Rhea-AI Filing Summary
Minan Peter Francis reported acquisition or exercise transactions in this Form 4 filing.
Enviri Corp Executive Vice President & CFO Peter Francis Minan reported equity awards that increase his stake in the company. He received a grant of 78,125 shares of common stock as compensation, bringing his directly held common shares to 94,559 after the transaction.
He was also granted 76,924 Performance Restricted Stock Units under Enviri’s 2026 Omnibus Incentive Plan. These units each represent a contingent right to receive one share of common stock, with payout between 0% and 250% of target based on share-price performance from June 1, 2026 through June 30, 2029.
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Insights
CFO received time-based and performance-based stock awards as routine equity compensation.
Enviri Corp granted its Executive Vice President & CFO, Peter Francis Minan, 78,125 shares of common stock and 76,924 Performance Restricted Stock Units (PRSUs). Both awards are part of the company’s 2026 Omnibus Incentive Plan and reflect non-cash compensation rather than open-market trading.
The restricted stock units vest in three equal installments on each anniversary of the grant date, aligning part of the CFO’s pay with multi-year service. The PRSUs pay out between 0% and 250% of the 76,924 target units depending on share-price performance measured from June 1, 2026 through June 30, 2029.
Because these are grants at a reported price of $0.00 per unit and not open-market buys or sales, they typically carry limited signaling value about management’s view of valuation. The filing shows Minan holding 94,559 common shares directly after the grant, while the eventual PRSU payout will depend on future performance against the plan’s share-price targets.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Restricted Stock Unit | 76,924 | $0.00 | -- |
| Grant/Award | Common Stock | 78,125 | $0.00 | -- |
Footnotes (1)
- Restricted stock units granted under the Issuer's 2026 Omnibus Incentive Plan represent a contingent right to receive the Issuer's common stock on a one-for-one basis when the restricted stock units vest. Each reported restricted stock unit vests in three equal increments on each subsequent anniversary of the grant date. Represents the target number of Performance Restricted Stock Units granted under the Issuer's 2026 Omnibus Incentive Plan, each of which represents the contingent right to receive a variable amount of shares of the Issuer's common stock based on the level of achievement of share-price performance targets over the period of June 1, 2026, through June 30, 2029 (the "Performance Period"). The Performance Restricted Stock Units vest between 0% and 250% of target, measured as of the earlier of the final financial quarter of the Performance Period or during a measurement period ending no fewer than three days prior to a Change in Control of the Issuer.