ENVIRI SVP exercises SARs, shares withheld for taxes
ENVIRI Corp SVP Jeffrey A. Beswick reported a series of compensation-related equity transactions involving stock appreciation rights (SARs) on May 19, 2026.
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Form Type
4
Rhea-AI Filing Summary
ENVIRI Corp SVP Jeffrey A. Beswick reported a series of compensation-related equity transactions involving stock appreciation rights (SARs) on May 19, 2026. He exercised SARs that delivered blocks of common stock and had additional shares withheld to cover related tax obligations.
According to the footnotes, he received 26,401 shares of common stock from the net exercise of 68,794 SARs, with 20,999 shares withheld for taxes. A second net exercise delivered 13,127 shares from 40,840 SARs, with 10,441 shares withheld. A third net exercise delivered 14,022 shares from 48,427 SARs, with 14,022 shares withheld.
The transactions are coded as option/SAR exercises (code M) and tax-withholding dispositions (code F), indicating routine equity compensation activity rather than open-market buying or selling of ENVIRI common stock.
Insider Trade Summary
158,061 shares exercised/converted
Exercise
9 txns
Insider
Beswick Jeffrey A
Role
SVP & Grp. Pres., Clean Earth
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Appreciation Rights | 68,794 | $0.00 | $0.00 |
| Exercise | Stock Appreciation Rights | 40,840 | $0.00 | $0.00 |
| Exercise | Stock Appreciation Rights | 48,427 | $0.00 | $0.00 |
| Exercise | Common Stock | 26,401 | $6.03 | $159K |
| Exercise Price or Tax Liability | Common Stock | 20,999 | $19.39 | $407K |
| Exercise | Common Stock | 13,127 | $8.20 | $108K |
| Exercise Price or Tax Liability | Common Stock | 10,441 | $19.39 | $202K |
| Exercise | Common Stock | 14,022 | $9.31 | $131K |
| Exercise Price or Tax Liability | Common Stock | 11,153 | $19.39 | $216K |
Holdings After Transaction:
Stock Appreciation Rights — 0 contracts (Direct);
Common Stock — 128,461 shares (Direct)
Footnotes (3)
- F1. The reporting person received 26,401 shares of common stock upon the net exercise of 68,794 stock appreciation rights ("SARs"). A total of 20,999 shares of common stock underlying such SARs were withheld to satisfy the withholding tax obligation resulting from the exercise.
- F2. The reporting person received 13,127 shares of common stock upon the net exercise of 40,840 stock appreciation rights ("SARs"). A total of 10,441 shares of common stock underlying such SARs were withheld to satisfy the withholding tax obligation resulting from the exercise.
- F3. The reporting person received 14,022 shares of common stock upon the net exercise of 48,427 stock appreciation rights ("SARs"). A total of 14,022 shares of common stock underlying such SARs were withheld to satisfy the withholding tax obligation resulting from the exercise.
Key Figures
SARs exercised (block 1): 68,794 SARs
Net shares received (block 1): 26,401 shares
Tax-withheld shares (block 1): 20,999 shares
+5 more
8 metrics
SARs exercised (block 1)
68,794 SARs
Converted into ENVIRI common stock for Beswick
Net shares received (block 1)
26,401 shares
Common stock from 68,794 SARs net exercise
Tax-withheld shares (block 1)
20,999 shares
Shares withheld to satisfy tax obligation
SARs exercised (block 2)
40,840 SARs
Additional ENVIRI SARs exercised
Net shares received (block 2)
13,127 shares
Common stock from 40,840 SARs net exercise
Tax-withheld shares (block 2)
10,441 shares
Shares withheld to satisfy tax obligation
SARs exercised (block 3)
48,427 SARs
Further ENVIRI SARs exercised
Net shares received (block 3)
14,022 shares
Common stock from 48,427 SARs net exercise
Key Terms
Stock Appreciation Rights, net exercise, withholding tax obligation, derivative exercise/conversion, +1 more
5 terms
Stock Appreciation Rights financial
"The reporting person received 26,401 shares of common stock upon the net exercise of 68,794 stock appreciation rights ("SARs")."
Stock appreciation rights (SARs) are a form of employee compensation that give the holder the right to receive the increase in a company's stock price over a set baseline, paid in cash or shares, without having to buy the stock. For investors, SARs matter because they can create future cash outflows or share dilution and signal how a company rewards and motivates executives — similar to giving a bonus tied directly to how well the company’s stock performs.
net exercise financial
"The reporting person received 26,401 shares of common stock upon the net exercise of 68,794 stock appreciation rights ("SARs")."
A net exercise is a way to convert stock options into shares without paying cash up front: instead of handing over money to buy the optioned shares, the holder receives only the number of shares equal to the option’s value after the company withholds a portion of shares to cover the exercise price and taxes. It matters to investors because it changes how many new shares are issued, affects dilution of existing shareholders, and alters company cash flow compared with a cash exercise.
withholding tax obligation financial
"A total of 20,999 shares of common stock underlying such SARs were withheld to satisfy the withholding tax obligation resulting from the exercise."
derivative exercise/conversion financial
"transaction_action": "derivative exercise/conversion""
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider activity did ENVIRI (NVRI) report for Jeffrey A. Beswick?
ENVIRI reported that SVP Jeffrey A. Beswick exercised stock appreciation rights, receiving common shares while additional shares were withheld to cover taxes. These transactions reflect equity compensation mechanics rather than open-market buying or selling of ENVIRI stock.
How many ENVIRI stock appreciation rights did Beswick exercise in this Form 4?
Beswick exercised three blocks of ENVIRI stock appreciation rights: 68,794 SARs, 40,840 SARs, and 48,427 SARs. Each exercise produced common shares and triggered share withholdings to satisfy associated tax obligations from the SAR exercises.
What common stock did Beswick receive from ENVIRI SAR net exercises?
From the disclosed ENVIRI SAR net exercises, Beswick received 26,401 shares of common stock from 68,794 SARs, 13,127 shares from 40,840 SARs, and 14,022 shares from 48,427 SARs. These amounts reflect net shares after accounting for tax-withholding shares.
Were any of Beswick’s ENVIRI transactions open-market buys or sells?
The reported ENVIRI transactions are coded as M (derivative exercise) and F (tax-withholding disposition). This indicates SAR exercises and shares withheld for taxes, not open-market purchases or sales of ENVIRI common stock on an exchange.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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