Enviri (NVRI) CFO settles 179,658 performance share units after Clean Earth sale
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Enviri Corp SVP and CFO Tom George reported equity award activity tied to performance share units. On May 19, 2026, he exercised awards covering 179,658 performance share units, which vested at 200% of target based on total shareholder return versus the S&P 600 Industrials Index.
A portion of these units settled in stock, resulting in the acquisition of 89,829 shares of common stock, while 41,250 shares were disposed of at $19.18 per share to cover tax obligations. After these transactions, he directly held 323,009 shares of Enviri common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
179,658 shares exercised/converted
Mixed
3 txns
Insider
Vadaketh Tom George
Role
SVP and CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Share Units | 179,658 | $0.00 | -- |
| Exercise | Common Stock | 89,829 | $0.00 | -- |
| Tax Withholding | Common Stock | 41,250 | $19.18 | $791K |
Holdings After Transaction:
Performance Share Units — 89,829 shares (Direct, null);
Common Stock — 364,259 shares (Direct, null)
Footnotes (1)
- Represents shares issued upon vesting and settlement of performance share unit awards, as approved on May 18, 2026 by the Enviri Board of Directors in connection with Enviri's sale of its Clean Earth division, which portion of the performance share unit awards settled in stock in accordance with the award's terms. 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 6, 2025, based on the total shareholder return of Enviri common stock relative to the S&P 600 Industrials Index. The remining portion of the performance share units will settle in cash in accordance with the award's terms.
Key Figures
Performance share units vested: 179,658 units
Common shares acquired: 89,829 shares
Shares used for taxes: 41,250 shares
+4 more
7 metrics
Performance share units vested
179,658 units
Vested at 200% of target on May 19, 2026
Common shares acquired
89,829 shares
Shares issued upon settlement of performance share units
Shares used for taxes
41,250 shares
Disposed at $19.18 per share for tax withholding
Tax disposition price
$19.18 per share
Price for 41,250 shares used to cover tax liabilities
Shares held after transaction
323,009 shares
Direct Enviri common stock holdings after Form 4 transactions
PSU vesting multiplier
200%
Each performance share unit vested at 200% of target
PSU expiration date
December 31, 2027
Expiration date noted for performance share unit award
Key Terms
Performance Share Units, tax-withholding disposition, total shareholder return, S&P 600 Industrials Index, +1 more
5 terms
tax-withholding disposition financial
"transaction_action: "tax-withholding disposition" for 41,250 common shares"
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.
S&P 600 Industrials Index financial
"relative to the S&P 600 Industrials Index"
derivative exercise/conversion financial
"transaction_action: "derivative exercise/conversion" for performance share units"
FAQ
What did Enviri (NVRI) CFO Tom George report in this Form 4?
He reported vesting and settlement of performance share units on May 19, 2026. Awards tied to Enviri’s stock performance converted into common shares, with part delivered as stock and part used to cover related tax obligations.