Enviri (NVRI) COO settles RSUs tied to Clean Earth division sale
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ENVIRI Corp President & COO Russell C. Hochman reported routine equity compensation activity. He exercised 44,942 restricted stock units, converting them into an equal number of common shares under the 2013 Equity and Incentive Compensation Plan. In a related step, 20,827 common shares were disposed of through a tax-withholding transaction at $19.53 per share to cover tax obligations. The footnote explains that these restricted stock units had vested and were settled as approved on May 18, 2026 by the Board in connection with Enviri’s sale of its Clean Earth division, indicating this filing reflects compensation and tax mechanics rather than open‑market trading.
Positive
- None.
Negative
- None.
Insider Trade Summary
44,942 shares exercised/converted
Mixed
3 txns
Insider
Hochman Russell C.
Role
President & COO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 44,942 | $0.00 | -- |
| Exercise | Common Stock | 44,942 | $0.00 | -- |
| Tax Withholding | Common Stock | 20,827 | $19.53 | $407K |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct, null);
Common Stock — 293,481 shares (Direct, null)
Footnotes (1)
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Key Figures
RSUs exercised: 44,942 units
Tax-withholding shares: 20,827 shares
Tax-withholding price: $19.53 per share
+2 more
5 metrics
RSUs exercised
44,942 units
Restricted stock units converted into common stock
Tax-withholding shares
20,827 shares
Shares delivered to cover tax liabilities
Tax-withholding price
$19.53 per share
Price used for 20,827-share tax disposition
Exercise transactions
1 exercise, 44,942 shares
Derivative exercise/conversion reported in Form 4
Tax-withholding transactions
1 transaction, 20,827 shares
Payment of tax liability by delivering securities
Key Terms
Restricted stock units, 2013 Equity and Incentive Compensation Plan, tax-withholding disposition, derivative security, +2 more
6 terms
Restricted stock units financial
"Restricted stock units granted under the 2013 Equity and Incentive Compensation Plan represent a contingent right"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
2013 Equity and Incentive Compensation Plan financial
"Restricted stock units granted under the 2013 Equity and Incentive Compensation Plan represent a contingent right"
tax-withholding disposition financial
"Payment of exercise price or tax liability by delivering securities"
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.
derivative security financial
"Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
vested and settled financial
"The restricted stock units have been vested and settled, as approved on May 18, 2026"
sale of its Clean Earth division financial
"approved on May 18, 2026 by the Enviri Board of Directors in connection with Enviri's sale of its Clean Earth division"
FAQ
What insider activity did Enviri (NVRI) President & COO Russell C. Hochman report?
Russell C. Hochman reported exercising 44,942 restricted stock units into common shares. In a related tax-withholding transaction, 20,827 common shares were disposed of at $19.53 per share to satisfy tax obligations tied to this equity compensation event.
Was the Enviri (NVRI) Form 4 transaction an open-market stock sale by the COO?
No, the Form 4 does not show an open-market sale. It reports a tax-withholding disposition of 20,827 shares at $19.53 per share, tied to the settlement of vested restricted stock units rather than discretionary selling in the open market.
How many Enviri (NVRI) restricted stock units did the COO settle in this filing?
The filing shows settlement of 44,942 restricted stock units. Each unit converted into one share of Enviri common stock under the company’s 2013 Equity and Incentive Compensation Plan, following Board approval related to the Clean Earth division sale.
How is Enviri’s sale of the Clean Earth division connected to this Form 4?
The footnote states the restricted stock units vested and settled as approved on May 18, 2026, by Enviri’s Board in connection with the sale of its Clean Earth division, linking this compensation event directly to that strategic transaction.